Was 2023 CarMax, Inc.'s best revenue year?

Yes — 2023 was CarMax, Inc.'s highest recorded revenue year at $29.7B, the peak across all 3 years of available data.

What was CarMax, Inc.'s highest ever annual revenue?

CarMax, Inc.'s highest ever annual revenue was $29.7B recorded in fiscal year 2023.

CarMax, Inc.

Automotive Retail / Used Vehicle Sales and Auto FinanceFounded 1993

Reviewed by Swet Parvadiya

Last reviewed: July 2025

Explore CarMax, Inc.

Core profile pages, annual revenue records, and related research hubs for this company.

CarMax, Inc.

Automotive Retail / Used Vehicle Sales and Auto FinanceFounded 1993

Reviewed by Swet Parvadiya

Last reviewed: July 2025

Annual Revenue

CarMax, Inc. Revenue in 2023

Q: What was CarMax, Inc.'s revenue in 2023?

CarMax, Inc. reported $29.7B in revenue for fiscal year 2023. CarMax's revenue peaked at $29.68 billion in fiscal 2023 on roughly 807,000 retail used units before high interest rates began pressuring affordability and compressing demand.

FY2023 Revenue

$29.7B

Source: Annual report / company filing

CarMax, Inc. reported $29.7B in revenue for fiscal year 2023. In 2024, revenue declined to $26.5B.

CarMax's revenue peaked at $29.68 billion in fiscal 2023 on roughly 807,000 retail used units before high interest rates began pressuring affordability and compressing demand.

Revenue by Year

FY2025 FY2024 FY2023

CarMax, Inc. Annual Revenue History

Year	Revenue	Net Income	YoY Change
FY2025	$26.4B	$501M	-0.7%
FY2024	$26.5B	—	-10.6%
FY2023	$29.7B	—	—

Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.

Next year →

FY2024: $26.5B

Explore CarMax, Inc.

Core profile pages, annual revenue records, and related research hubs for this company.