Company / Gross Margin
CarMax, Inc. Gross Margin History
FY2017-FY2026 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
10.2%
FY2026
5-year range
9.4% / 11.0%
FY2022-FY2026
Trend
-5.7%
vs FY2025
Sector context
#116 of 120
Consumer Discretionary
What the data says
Among 120 Consumer Discretionary companies, CarMax, Inc. is in the bottom 3% for gross margin. Gross Margin has fluctuated over the past 10 years, ranging from 9.4% in FY2022 to 13.7% in FY2018.
Based on SEC 10-K filings.
10.2% in FY2026 with a 5-year CAGR of -0.1%.
Declined from 11.0% to 10.2% over the past 2 years.
Consumer Discretionary sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +0.0pp
- 5-Year Change
- -0.1pp
- 10-Year Change
- -
Sector benchmark
Bottom 3% in Consumer DiscretionaryTop 97% of 120This company 10.2% Sector average 36.2%
▼
-71.7% below sector average
Key checks
Key Insights
- In FY2026, gross margin decreased 5.7% year-over-year.
- Currently 25.9pp below the Consumer Discretionary sector average.
- Peak gross margin was recorded in FY2018.
- Lowest gross margin in the period was in FY2022.
Company context
Key Data Points
- Altman Z-Score 1.21 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2026 | 10.2% | -5.7% |
| FY2025 | 10.8% | -1.5% |
| FY2024 | 11.0% | +7.6% |
| FY2023 | 10.2% | +8.4% |
| FY2022 | 9.4% | -8.5% |
| FY2021 | 10.3% | -17.8% |
| FY2020 | 12.6% | -6.3% |
| FY2019 | 13.4% | -1.8% |
| FY2018 | 13.7% | +0.4% |
| FY2017 | 13.6% | -1.1% |
As of FY2026 · SEC 10-K · Updated Jul 4, 2026