← Research LibraryThe BriefFY2026 10-K (fiscal year ended February 28, 2026) · headline figures audited against SEC data
CarMax, the largest US used-car retailer, saw net income fall 50.6% to $0.25B in a year that carried a goodwill impairment, restructuring charges and higher loan losses, changed chief executives, and drew a cluster of insider buying
The read at a glance✓ Audited against SEC data
- Growth — Revenue down 1.8% to $25.88B; used units 789,050 to 780,684Watch
- Profitability — Net income down 50.6% to $0.25B; net margin 0.96%Watch
- Cash flow — Free cash flow up to $1.24B from $0.16BOK
- Balance sheet — Total debt down 3.5% to $18.05B, mostly loan-backed notesNote
- Accounting quality — Grey balance-sheet zone; no manipulation flag; earnings quality safeNote
- Leadership — Keith Barr became President and CEO on March 16, 2026Note
Business
CarMax sells used cars at no-haggle prices through 256 stores and online, buys cars from consumers and dealers, runs wholesale auctions for vehicles that miss its retail standards, and lends to its own buyers through CarMax Auto Finance, which held a $16.37 billion auto loan portfolio. In fiscal 2026 it sold 780,684 used vehicles at retail and 538,203 at wholesale.
Where the revenue comes from
Fiscal 2026, as CARMAX INC reports it. History and quarterly detail are in the app.
- Used vehicle sales$20.7B
- Wholesale vehicle sales$4.5B
- Other sales and revenues$674.2M
- Extendedprotectionplan$448.7M
- Advertising Subscription Revenues$144.5M
Leadership changes
From CARMAX INC's own filings, the day they're filed.
- Diane Cafritz · Executive Vice President · departureeff. 2026-12-31
- Enrique N. Mayor-Mora · Chief Financial Officer · appointmenteff. 2026-11-11
- Darren W. Woodell · Vice President · appointmenteff. 2026-11-11
Latest filings
- 8-K · Company announcement2026-10-19
- 10-Q · Quarterly report2026-09-30
- 8-K · Company announcement2026-09-29
- 8-K · Company announcement2026-07-31
- 8-K · Company announcement2026-06-24
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about CARMAX INC, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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