CarMax Reports $25B in Used Vehicle Sales for FY25

Ticker: KMX · Form: 10-K · Filed: 2025-04-11T00:00:00.000Z

Sentiment: neutral

Topics: annual-report, financials, automotive, revenue

Related Tickers: VRSN, GM, F, STLA

TL;DR

CarMax FY25: $25B used car sales, $15.76B total assets. Full financials out.

AI Summary

CarMax Inc. filed its 10-K for the fiscal year ending February 28, 2025, reporting net sales and operating revenues of $25.00 billion for its used vehicles segment. The company's total assets were $15.76 billion as of February 28, 2025. This filing provides a comprehensive overview of CarMax's financial performance and business operations for the fiscal year.

Why It Matters

This 10-K filing details CarMax's financial health and operational performance, offering insights into the used car market and the company's strategic direction for investors and consumers.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not contain immediate red flags, but the automotive retail sector can be subject to economic fluctuations.

Key Numbers

$25.00B — Net Sales (Used Vehicles) (Represents the total revenue generated from used vehicle sales for the fiscal year ending February 28, 2025.)
$15.76B — Total Assets (Indicates the total value of assets owned by CarMax as of February 28, 2025.)
$350,000,000 — Debt (Likely represents a significant debt issuance or outstanding debt amount, requiring further context from the full filing.)

Key Players & Entities

CARMAX INC (company) — Filer of the 10-K
20250228 (date) — Fiscal year end
$25.00 billion (dollar_amount) — Net sales and operating revenues for used vehicles in FY25
$15.76 billion (dollar_amount) — Total assets as of February 28, 2025

FAQ

What were CarMax's total revenues for the fiscal year ending February 28, 2025?

The filing indicates net sales and operating revenues for used vehicles were $25.00 billion, but total company revenues would include other segments not detailed in this snippet.

How has CarMax's total asset value changed compared to the previous fiscal year?

Total assets were $15.76 billion as of February 28, 2025, compared to $15.33 billion as of February 29, 2024, showing an increase.

What is the company's primary business segment as indicated by the revenue figures?

The used vehicles segment is highlighted with $25.00 billion in net sales and operating revenues for the fiscal year ending February 28, 2025.

What is the company's fiscal year end date?

CarMax Inc.'s fiscal year ends on February 28th.

What was the reported net income or loss for the fiscal year ending February 28, 2025?

This specific snippet does not contain information on net income or loss; it focuses on revenue and asset figures.

From the Filing

0001170010-25-000024.txt : 20250411 0001170010-25-000024.hdr.sgml : 20250411 20250411111724 ACCESSION NUMBER: 0001170010-25-000024 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 185 CONFORMED PERIOD OF REPORT: 20250228 FILED AS OF DATE: 20250411 DATE AS OF CHANGE: 20250411 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CARMAX INC CENTRAL INDEX KEY: 0001170010 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500] ORGANIZATION NAME: 07 Trade & Services EIN: 541821055 STATE OF INCORPORATION: VA FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31420 FILM NUMBER: 25830513 BUSINESS ADDRESS: STREET 1: 12800 TUCKAHOE CREEK PARKWAY CITY: RICHMOND STATE: VA ZIP: 23238 BUSINESS PHONE: (804) 747-0422 MAIL ADDRESS: STREET 1: 12800 TUCKAHOE CREEK PARKWAY CITY: RICHMOND STATE: VA ZIP: 23238 10-K 1 kmx-20250228.htm 10-K kmx-20250228 false 2025 FY 0001170010 2/28 0.50 0.50 350,000,000 350,000,000 153,319,678 157,611,939 153,319,678 157,611,939 458,730 482,790 3 15 10 15 0.7 0.7 0.7 0.7 0.7 P3Y P3Y P3Y P1Y P1Y P3Y 3 3 40 3 1 1 3 25 200 25 200 25 200 25 200 25 200 50 200 25 200 50 200 50 200 200 4 38 4 38 38 iso4217:USD xbrli:shares xbrli:pure iso4217:USD xbrli:shares kmx:warehouse utr:Rate 0001170010 2024-03-01 2025-02-28 0001170010 2024-08-31 0001170010 2025-04-09 0001170010 kmx:UsedVehiclesMember 2024-03-01 2025-02-28 0001170010 kmx:NetSalesAndOperatingRevenuesMember kmx:UsedVehiclesMember 2024-03-01 2025-02-28 0001170010 kmx:UsedVehiclesMember 2023-03-01 2024-02-29 0001170010 kmx:NetSalesAndOperatingRevenuesMember kmx:UsedVehiclesMember 2023-03-01 2024-02-29 0001170010 kmx:UsedVehiclesMember 2022-03-01 2023-02-28 0001170010 kmx:NetSalesAndOperatingRevenuesMember kmx:UsedVehiclesMember 2022-03-01 2023-02-28 0001170010 kmx:WholesaleVehiclesMember 2024-03-01 2025-02-28 0001170010 kmx:NetSalesAndOperatingRevenuesMember kmx:WholesaleVehiclesMember 2024-03-01 2025-02-28 0001170010 kmx:WholesaleVehiclesMember 2023-03-01 2024-02-29 0001170010 kmx:NetSalesAndOperatingRevenuesMember kmx:WholesaleVehiclesMember 2023-03-01 2024-02-29 0001170010 kmx:WholesaleVehiclesMember 2022-03-01 2023-02-28 0001170010 kmx:NetSalesAndOperatingRevenuesMember kmx:WholesaleVehiclesMember 2022-03-01 2023-02-28 0001170010 kmx:OtherMember 2024-03-01 2025-02-28 0001170010 kmx:NetSalesAndOperatingRevenuesMember kmx:OtherMember 2024-03-01 2025-02-28 0001170010 kmx:OtherMember 2023-03-01 2024-02-29 0001170010 kmx:NetSalesAndOperatingRevenuesMember kmx:OtherMember 2023-03-01 2024-02-29 0001170010 kmx:OtherMember 2022-03-01 2023-02-28 0001170010 kmx:NetSalesAndOperatingRevenuesMember kmx:OtherMember 2022-03-01 2023-02-28 0001170010 kmx:NetSalesAndOperatingRevenuesMember 2024-03-01 2025-02-28 0001170010 2023-03-01 2024-02-29 0001170010 kmx:NetSalesAndOperatingRevenuesMember 2023-03-01 2024-02-29 0001170010 2022-03-01 2023-02-28 0001170010 kmx:NetSalesAndOperatingRevenuesMember 2022-03-01 2023-02-28 0001170010 us-gaap:CostOfSalesMember kmx:UsedVehiclesMember 2024-03-01 2025-02-28 0001170010 us-gaap:CostOfSalesMember kmx:UsedVehiclesMember 2023-03-01 2024-02-29 0001170010 us-gaap:CostOfSalesMember kmx:UsedVehiclesMember 2022-03-01 2023-02-28 0001170010 us-gaap:CostOfSalesMember kmx:WholesaleVehiclesMember 2024-03-01 2025-02-28 0001170010 us-gaap:CostOfSalesMember kmx:WholesaleVehiclesMember 2023-03-01 2024-02-29 0001170010 us-gaap:CostOfSalesMember kmx:WholesaleVehiclesMember 2022-03-01 2023-02-28 0001170010 us-gaap:CostOfSalesMember kmx:OtherMember 2024-03-01 2025-02-28 0001170010 us-gaap:CostOfSalesMember kmx:OtherMember 2023-03-01 2024-02-29 0001170010 us-gaap:CostOfSalesMember kmx:OtherMember 2022-03-01 2023-02-28 0001170010 us-gaap:CostOfSalesMember 2024-03-01 2025-02-28 0001170010 us-gaap:CostOfSalesMember 2023-03-01 2024-02-29 0001170010 us-gaap:CostOfSalesMember 2022-03-01 2023-02-28 0001170010 kmx:GrossProfitMember 2024-03-01 2025-02-28 0001170010 kmx:GrossProfitMember 2023-03-01 2024-02-29 000117