Carmax annual return on equity
2010
2011
2012
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2014
2015
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2019
2020
2021
2022
2023
2024
2025
2026
Carmax Return on Equity (ROE) Growth & History (KMX)
Carmax's return on equity was 4.08% for fiscal 2026.
View full Carmax company overviewCarmax annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2026 | 2026-02-28 | 4.08% | −4.05 pp |
| 2025 | 2025-02-28 | 8.13% | −0.07 pp |
| 2024 | 2024-02-29 | 8.20% | −0.74 pp |
| 2023 | 2023-02-28 | 8.94% | −15.05 pp |
| 2022 | 2022-02-28 | 23.99% | +5.62 pp |
| 2021 | 2021-02-28 | 18.37% | −6.57 pp |
| 2020 | 2020-02-29 | 24.94% | −0.31 pp |
| 2019 | 2019-02-28 | 25.25% | +4.57 pp |
| 2018 | 2018-02-28 | 20.67% | −0.18 pp |
| 2017 | 2017-02-28 | 20.85% | +0.28 pp |
| 2016 | 2016-02-29 | 20.57% | +2.12 pp |
| 2015 | 2015-02-28 | 18.45% | +2.91 pp |
| 2014 | 2014-02-28 | 15.55% | +0.29 pp |
| 2013 | 2013-02-28 | 15.26% | −1.59 pp |
| 2012 | 2012-02-29 | 16.85% | −1.46 pp |
| 2011 | 2011-02-28 | 18.31% | +2.12 pp |
| 2010 | 2010-02-28 | 16.19% | — |
Carmax quarterly return on equity
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Q4.17
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Q3.18
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Q1.20
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Q2.22
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Q1.23
Q2.23
Q3.23
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Q1.24
Q2.24
Q3.24
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Q1.25
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Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
Q4.26
Q1.27
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q1 2027 | 2026-05-31 | 3.09% | −0.27 pp |
| Q4 2026 | 2026-02-28 | −2.02% | −3.46 pp |
| Q3 2026 | 2025-11-30 | 1.01% | −1.01 pp |
| Q2 2026 | 2025-08-31 | 1.53% | −0.62 pp |
| Q1 2026 | 2025-05-31 | 3.36% | +0.87 pp |
| Q4 2025 | 2025-02-28 | 1.44% | +0.61 pp |
| Q3 2025 | 2024-11-30 | 2.02% | +0.66 pp |
| Q2 2025 | 2024-08-31 | 2.15% | +0.15 pp |
| Q1 2025 | 2024-05-31 | 2.49% | −1.50 pp |
| Q4 2024 | 2024-02-29 | 0.83% | −0.41 pp |
| Q3 2024 | 2023-11-30 | 1.36% | +0.67 pp |
| Q2 2024 | 2023-08-31 | 2.01% | −0.32 pp |
| Q1 2024 | 2023-05-31 | 3.99% | −0.75 pp |
| Q4 2023 | 2023-02-28 | 1.24% | −1.85 pp |
| Q3 2023 | 2022-11-30 | 0.69% | −4.69 pp |
| Q2 2023 | 2022-08-31 | 2.33% | −3.60 pp |
| Q1 2023 | 2022-05-31 | 4.74% | −4.89 pp |
| Q4 2022 | 2022-02-28 | 3.09% | −1.85 pp |
| Q3 2022 | 2021-11-30 | 5.38% | −0.43 pp |
| Q2 2022 | 2021-08-31 | 5.93% | −1.92 pp |
| Q1 2022 | 2021-05-31 | 9.63% | +9.50 pp |
| Q4 2021 | 2021-02-28 | 4.94% | −0.81 pp |
| Q3 2021 | 2020-11-30 | 5.80% | +1.06 pp |
| Q2 2021 | 2020-08-31 | 7.85% | +1.23 pp |
| Q1 2021 | 2020-05-31 | 0.14% | −7.70 pp |
| Q4 2020 | 2020-02-29 | 5.76% | +0.09 pp |
| Q3 2020 | 2019-11-30 | 4.74% | −0.76 pp |
| Q2 2020 | 2019-08-31 | 6.61% | +0.18 pp |
| Q1 2020 | 2019-05-31 | 7.83% | +0.71 pp |
| Q4 2019 | 2019-02-28 | 5.67% | +1.98 pp |
| Q3 2019 | 2018-11-30 | 5.50% | +0.92 pp |
| Q2 2019 | 2018-08-31 | 6.43% | +0.72 pp |
| Q1 2019 | 2018-05-31 | 7.12% | +0.36 pp |
| Q4 2018 | 2018-02-28 | 3.69% | −1.29 pp |
| Q3 2018 | 2017-11-30 | 4.58% | +0.08 pp |
| Q2 2018 | 2017-08-31 | 5.71% | +0.33 pp |
| Q1 2018 | 2017-05-31 | 6.76% | +0.80 pp |
| Q4 2017 | 2017-02-28 | 4.98% | +0.13 pp |
| Q3 2017 | 2016-11-30 | 4.50% | +0.31 pp |
| Q2 2017 | 2016-08-31 | 5.38% | +0.07 pp |
| Q1 2017 | 2016-05-31 | 5.97% | +0.31 pp |
| Q4 2016 | 2016-02-29 | 4.85% | +0.33 pp |
| Q3 2016 | 2015-11-30 | 4.19% | +0.21 pp |
| Q2 2016 | 2015-08-31 | 5.31% | +0.69 pp |
| Q1 2016 | 2015-05-31 | 5.66% | +0.55 pp |
| Q4 2015 | 2015-02-28 | 4.52% | +1.51 pp |
| Q3 2015 | 2014-11-30 | 3.98% | +0.69 pp |
| Q2 2015 | 2014-08-31 | 4.62% | +0.14 pp |
| Q1 2015 | 2014-05-31 | 5.11% | +0.29 pp |
| Q4 2014 | 2014-02-28 | 3.00% | −0.54 pp |
| Q3 2014 | 2013-11-30 | 3.29% | +0.12 pp |
| Q2 2014 | 2013-08-31 | 4.48% | +0.61 pp |
| Q1 2014 | 2013-05-31 | 4.81% | +0.42 pp |
| Q4 2013 | 2013-02-28 | 3.55% | −0.03 pp |
| Q3 2013 | 2012-11-30 | 3.17% | +0.01 pp |
| Q2 2013 | 2012-08-31 | 3.87% | −0.59 pp |
| Q1 2013 | 2012-05-31 | 4.40% | −0.98 pp |
| Q4 2012 | 2012-02-29 | 3.58% | −0.43 pp |
| Q3 2012 | 2011-11-30 | 3.16% | −0.67 pp |
| Q2 2012 | 2011-08-31 | 4.46% | −0.89 pp |
| Q1 2012 | 2011-05-31 | 5.38% | — |
| Q4 2011 | 2011-02-28 | 4.01% | — |
| Q3 2011 | 2010-11-30 | 3.83% | — |
| Q2 2011 | 2010-08-31 | 5.35% | — |
Carmax return on equity trends
Over the last five fiscal years, Carmax's return on equity decreased from 18.37% to 4.08%, a change of −14.29 percentage points. The latest reported quarter, Q1 2027, shows 3.09%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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