Touchstone
Last syncNov 1, 2026, 6:55 PM ET

KMX

Carmax Inc Consumer Discretionary Retail-Auto Dealers & Gasoline Stations Russell 3000
$55.58Close $7.9BMarket cap $30.88 – $64.2252-week range Dec 17, 2026Next report

Highlights

Strengths

  • Earnings growing EPS +82% year on year, faster than the quarter before (+87 pts)

Cautions

  • Trend not confirmed 7 of 8 conditions · under the 50-day

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Feb 28, 2026 · filed Sep 30, 2026
Off 12-month high 13%
1wk up 7.8% price change
1mo up 0.9% price change
12-month return up 33% market up 11% · its own up 20%
F-score 5 / 9 Mixed
Altman Z″ 1.65 Moderate risk
P/E 31.9× price / earnings
PEG — P/E / EPS growth
P/B 1.3× price / book
Earnings yield up 2.0% EBIT / enterprise value
Cheaper than 73% of the market · cheap
Revenue growth down 2% year on year
EPS growth up 82% latest quarter · +87 pts
Sales growth up 19% latest quarter · +13 pts
ROE up 4% return on equity
Free cash margin up 5% $1.2B FCF
D/E 2.93 long-term debt / equity
Net debt / EBITDA 20.4×
Interest cover 4.5×EBIT / interest
Piotroski tests
  • profitability slipped from last year
  • short-term liquidity weakened
  • gross margin narrowed
  • assets working less efficiently
  • profitable on its assets
  • generating cash from operations
  • profits backed by cash
  • reduced long-term debt
  • no new shares issued

Trade setup

ATR% 4.2% $2.33 a day · 2×ATR $50.92
RS 75 / 99 vs the universe
Trend 7 / 8 under the 50-day
Relative volume 1.0× vs 50-day average
Up/down volume 1.05 50 sessions
Implied move — no option chain · report Dec 17, 2026
Trend template · 7 of 8
  • Price above the 50-day average: fails

Screen verdict

Did not qualify for any screen.

Warning signs

2 flagged
  • Heavily indebted Net debt is 20.4 times EBITDA — roughly 20 years of earnings before interest, tax and depreciation to repay borrowings in full.
  • Revenue shrinking Revenue fell 1.8% over the year, from $26.4B to $25.9B.
Last reported Sep 29, 2026
Results reaction Sep 29, 2026-2% vs market2 sessions after results

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $25.9B -2% on FY2025
$0 $50B FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · $19.0B FY2022 · $31.9B FY2023 · $29.7B FY2024 · $26.5B FY2025 · $26.4B FY2026 · $25.9B
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $247.0M -51% on FY2025
$0 $2B FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · $746.9M FY2022 · $1.2B FY2023 · $485.0M FY2024 · $479.0M FY2025 · $501.0M FY2026 · $247.0M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $1.2B +694% on FY2025
-$5B $0 $2B FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · $503.2M FY2022 · -$2.9B FY2023 · $860.6M FY2024 · -$6.7M FY2025 · $156.5M FY2026 · $1.2B
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 11%
  • Net 1%
  • Free cash 5%
-10% 0% 20% FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · Gross 13% · Net 4% · Free cash 3% FY2022 · Gross 10% · Net 4% · Free cash -9% FY2023 · Gross 9% · Net 2% · Free cash 3% FY2024 · Gross 10% · Net 2% · Free cash -0% FY2025 · Gross 11% · Net 2% · Free cash 1% FY2026 · Gross 11% · Net 1% · Free cash 5%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $17.1B net debt
  • Cash
  • Long-term debt
$0 $20B FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · Cash $132.3M · Long-term debt $14.6B FY2022 · Cash $102.7M · Long-term debt $18.2B FY2023 · Cash $314.8M · Long-term debt $17.8B FY2024 · Cash $574.1M · Long-term debt $18.0B FY2025 · Cash $247.0M · Long-term debt $18.1B FY2026 · Cash $122.8M · Long-term debt $17.3B
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 141.80m -13.1% since FY2021
163.17m 141.80m FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · 163.17m FY2022 · 161.05m FY2023 · 158.08m FY2024 · 157.61m FY2025 · 153.32m FY2026 · 141.80m
  FY2021Feb 28, 2021 FY2022Feb 28, 2022 FY2023Feb 28, 2023 FY2024Feb 29, 2024 FY2025Feb 28, 2025 FY2026Feb 28, 2026
Revenue $19.0B $31.9B $29.7B $26.5B $26.4B $25.9B
Gross margin 13% 10% 9% 10% 11% 11%
Net income $746.9M $1.2B $485.0M $479.0M $501.0M $247.0M
Net margin 4% 4% 2% 2% 2% 1%
Earnings per share $4.52 $6.97 $3.04 $3.02 $3.21 $1.67
Free cash flow $503.2M -$2.9B $860.6M -$6.7M $156.5M $1.2B
Free cash margin 3% -9% 3% -0% 1% 5%
Cash $132.3M $102.7M $314.8M $574.1M $247.0M $122.8M
Long-term debt $14.6B $18.2B $17.8B $18.0B $18.1B $17.3B
Shareholders' equity $4.4B $5.2B $5.6B $6.1B $6.2B $5.9B
Shares outstanding 163.17m 161.05m 158.08m 157.61m 153.32m 141.80m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Sep 30, 2026 Quarterly ↗ Aug 31, 2026 30d
Jun 24, 2026 Quarterly ↗ May 31, 2026 24d
Apr 15, 2026 Annual ↗ Feb 28, 2026 46d
Dec 23, 2025 Quarterly ↗ Nov 30, 2025 23d
Sep 26, 2025 Quarterly ↗ Aug 31, 2025 26d
Jun 26, 2025 Quarterly ↗ May 31, 2025 26d
Apr 11, 2025 Annual ↗ Feb 28, 2025 42d
Jan 7, 2025 Quarterly ↗ Nov 30, 2024 38d
Sep 27, 2024 Quarterly ↗ Aug 31, 2024 27d
Jun 27, 2024 Quarterly ↗ May 31, 2024 27d
Apr 15, 2024 Annual ↗ Feb 29, 2024 46d
Jan 5, 2024 Quarterly ↗ Nov 30, 2023 36d

Current reports

FiledDisclosed
Oct 19, 2026 Director or officer change ↗
Sep 29, 2026 Results ↗
Jul 31, 2026 Director or officer change ↗
Jun 24, 2026 Director or officer change · Shareholder vote ↗
Jun 17, 2026 Results · New obligation ↗
Jun 8, 2026 Director or officer change ↗
May 12, 2026 Director or officer change ↗
Apr 14, 2026 Results ↗
Apr 9, 2026 Director or officer change ↗
Mar 2, 2026 Director or officer change ↗
Feb 12, 2026 Director or officer change · Regulation FD ↗
Dec 18, 2025 Results ↗