Market Data Current As Of: September 12, 2026
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Explore CarMax
Core profile pages, annual revenue records, and related research hubs for this company.
Compare market positioning with top industry peers
Explore CarMax
Core profile pages, annual revenue records, and related research hubs for this company.
Financial Performance
Revenue
$25.9B
Market Cap
$12.8B
Net Income
$247M
Employees
30,500
CarMax is struggling to navigate extreme affordability constraints in the US used car market. Under CEO William D. Nash, the nation's largest retailer of used vehicles generated exactly $27.3 billion in revenue and maintains a $12.8 billion market cap with a workforce of exactly 30500 employees. The financial narrative in 2026 is defined by severe margin compression; persistently high auto loan interest rates and elevated vehicle acquisition costs have essentially priced out swathes of the middle-class consumer base. To survive CarMax is leaning heavily into its profitable wholesale auction business and expanding its omnichannel retail capabilities to defend its market share against digital-first rivals.
Revenue Trend Analysis
YoY Change
-1.8%
3-Year CAGR
-4.5%
Peak Year
2023
Trend
Declining Trend
CarMax, Inc. has reported revenue across 4 fiscal years, compounding at -4.5% annually over 3 years. The most recent year saw a 1.8% decline versus the prior year. Revenue peaked in 2023 at $29.7B. Out of 3 reported periods, 0 showed growth and 3 showed a decline.
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2026 | $25.9B | $247M | -1.8% |
| FY2025 | $26.4B | $501M | -0.7% |
| FY2024 | $26.5B | $479M | -10.6% |
| FY2023 | $29.7B | $485M | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Click any row to see year details.
CarMax, Inc. reported approximately $27.3B in fiscal year 2026 with a team of 30,500 employees worldwide.
CarMax, Inc. strategically balances reinvestment into core R&D with operational cost discipline, focusing on workflow automation to expand operating margins in 2026.
Financial performance in Automotive Retail / Used Vehicle Sales and Auto Finance is driven by steady cash generation and pricing power, enabling CarMax, Inc. to reinvest in high-return strategic initiatives.
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "CarMax, Inc. Revenue & Financials." CorpDigest, https://corpdigest.com/company/carmax/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>CarMax, Inc. reported $26B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/carmax/financials" target="_blank" rel="noopener">CorpDigest — CarMax, Inc. financials</a></div>