CarMax, Inc.

NYSE:KMX Stock Report

Market Cap: US$5.0b

CarMax Future Growth

Future criteria checks 1/6

CarMax's revenue is forecast to decline at 1.7% per annum while its annual earnings are expected to grow at 11.2% per year. EPS is expected to grow by 13.1% per annum. Return on equity is forecast to be 10.5% in 3 years.

Key information

11.2%

Earnings growth rate

13.05%

EPS growth rate

Specialty Retail earnings growth10.5%
Revenue growth rate-1.7%
Future return on equity10.48%
Analyst coverage

Good

Last updated11 Nov 2025

Recent future growth updates

Recent updates

CarMax: Bad News Piles Up As CEO Ousted

Nov 06

CarMax, Inc. (NYSE:KMX) Might Not Be As Mispriced As It Looks After Plunging 28%

Sep 27
CarMax, Inc. (NYSE:KMX) Might Not Be As Mispriced As It Looks After Plunging 28%

A Look At The Intrinsic Value Of CarMax, Inc. (NYSE:KMX)

Sep 10
A Look At The Intrinsic Value Of CarMax, Inc. (NYSE:KMX)

Investors Could Be Concerned With CarMax's (NYSE:KMX) Returns On Capital

Aug 09
Investors Could Be Concerned With CarMax's (NYSE:KMX) Returns On Capital

Earnings Tell The Story For CarMax, Inc. (NYSE:KMX)

Jun 15
Earnings Tell The Story For CarMax, Inc. (NYSE:KMX)

Why CarMax, Inc. (NYSE:KMX) Could Be Worth Watching

May 25
Why CarMax, Inc. (NYSE:KMX) Could Be Worth Watching

There Are Reasons To Feel Uneasy About CarMax's (NYSE:KMX) Returns On Capital

May 04
There Are Reasons To Feel Uneasy About CarMax's (NYSE:KMX) Returns On Capital

CarMax: Tariff Benefits Appear Priced In

Mar 28

With CarMax, Inc. (NYSE:KMX) It Looks Like You'll Get What You Pay For

Feb 24
With CarMax, Inc. (NYSE:KMX) It Looks Like You'll Get What You Pay For

Is Now The Time To Look At Buying CarMax, Inc. (NYSE:KMX)?

Feb 03
Is Now The Time To Look At Buying CarMax, Inc. (NYSE:KMX)?

CarMax: Near-Term Growth Outlook Is Not Great

Jan 22

CarMax (NYSE:KMX) Will Want To Turn Around Its Return Trends

Jan 13
CarMax (NYSE:KMX) Will Want To Turn Around Its Return Trends

CarMax Delivers Despite Lower Car Prices, Lock In Gains

Dec 19
User avatar

Revamping Retail Experience And Finance Innovation Fuels Company's Growth Path

The new order processing system and omnichannel retail strategy emphasize operational efficiency and digital sales growth, aiming for increased margins and sales.

CarMax: Still Overvalued Relative To Peers

Sep 27

CarMax: Mixed Signs Of Stabilization

Sep 05

CarMax: Continued Share Loss Should Drive De-Rating

Jun 19

CarMax: Buy The Q4 Earnings Dip, Here's Why

Apr 11

CarMax: The Anticipated Earnings Recovery Is Reflected In Valuation

Mar 06

CarMax Q3 2024 Earnings: Still Too Cheap

Dec 22

CarMax: Potential Credit Losses Make Shares Unattractive

Dec 03

CarMax: We Bought Amidst The UAW Strike

Sep 27

CarMax Is Substantially Overvalued And Its Fundamentals Are Deteriorating

Aug 23

CarMax: I Would Not Make A Long-Term Investment

Jun 19

Earnings and Revenue Growth Forecasts

NYSE:KMX - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
2/29/202825,7994847545136
2/28/202725,77443956987916
2/28/202625,4423921,4331,88416
8/31/202528,2805216851,208N/A
5/31/202528,6735585411,042N/A
2/28/202528,207501157624N/A
11/30/202427,796461338788N/A
8/31/202427,6794185531,021N/A
5/31/202427,69240394526N/A
2/29/202428,213479-7459N/A
11/30/202328,248498-688-230N/A
8/31/202328,544454314743N/A
5/31/202329,556461102567N/A
2/28/202331,1264858611,283N/A
11/30/202233,0515767941,195N/A
8/31/202235,037807-1,060-685N/A
5/31/202234,848967-2,251-1,907N/A
2/28/202233,1971,151-2,858-2,549N/A
11/30/202130,6331,201-2,551-2,283N/A
8/31/202127,2491,167-1,818-1,607N/A
5/31/202124,5891,179-854-694N/A
2/28/202120,092747503668N/A
11/30/202019,883752543750N/A
8/31/202019,478690526779N/A
5/31/202019,303627654970N/A
2/29/202021,424888-569-237N/A
11/30/201920,747866-380-70N/A
8/31/201920,222883-378-73N/A
5/31/201919,754871N/A-25N/A
2/28/201919,146842N/A163N/A
11/30/201818,880772N/A227N/A
8/31/201818,661731N/A-51N/A
5/31/201818,253691N/A-41N/A
2/28/201817,977664N/A-81N/A
11/30/201717,918695N/A-312N/A
8/31/201717,488682N/A-341N/A
5/31/201717,076663N/A-351N/A
2/28/201716,637627N/A-455N/A
11/30/201616,274615N/A-103N/A
8/31/201616,096607N/A-97N/A
5/31/201615,963617N/A-179N/A
2/29/201615,833623N/A-117N/A
11/30/201515,619626N/A-565N/A
8/31/201515,461627N/A-616N/A
5/31/201515,156610N/A-641N/A
2/28/201514,874597N/A-968N/A
11/30/201414,420553N/A-905N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: KMX's forecast earnings growth (11.2% per year) is above the savings rate (3.3%).

Earnings vs Market: KMX's earnings (11.2% per year) are forecast to grow slower than the US market (16.1% per year).

High Growth Earnings: KMX's earnings are forecast to grow, but not significantly.

Revenue vs Market: KMX's revenue is expected to decline over the next 3 years (-1.7% per year).

High Growth Revenue: KMX's revenue is forecast to decline over the next 3 years (-1.7% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: KMX's Return on Equity is forecast to be low in 3 years time (10.5%).

Discover growth companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/12 22:40
End of Day Share Price 2025/11/12 00:00
Earnings2025/08/31
Annual Earnings2025/02/28

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

CarMax, Inc. is covered by 38 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullArgus Research Company
Craig KennisonBaird
John BabcockBarclays