Carmax Inc balance sheet

At the end of fiscal 2026, Carmax Inc had total assets of $26.37bn, total liabilities of $20.48bn and shareholders' equity of $5.89bn. It held $123m in cash against $18.05bn of debt.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Carmax Inc: balance sheet, annual
Fiscal year	2010Feb 2010	2011Feb 2011	2012Feb 2012	2013Feb 2013	2014Feb 2014	2015Feb 2015	2016Feb 2016	2017Feb 2017	2018Feb 2018	2019Feb 2019	2020Feb 2020	2021Feb 2021	2022Feb 2022	2023Feb 2023	2024Feb 2024	2025Feb 2025	2026Feb 2026	LTMAug 2026
Cash and equivalents	0.0	0.0	0.4	0.4	0.6	0.0	0.0	0.0	0.0	0.0	0.1	0.1	0.1	0.3	0.6	0.2	0.1	0.2
Receivables	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.2	0.1	0.1	0.2	0.2	0.6	0.3	0.2	0.2	0.2	0.2
Inventory	0.8	1.0	1.1	1.5	1.6	2.1	1.9	2.3	2.4	2.5	2.8	3.2	5.1	3.7	3.7	3.9	4.1	3.9
Total current assets	1.6	1.4	1.9	2.3	2.6	2.6	2.5	2.9	3.1	3.2	3.7	4.1	6.5	5.0	5.2	5.1	5.3	5.1
Goodwill	—	0.0	0.0	0.0	0.0	0.0	—	—	—	—	—	0.0	0.1	0.1	0.1	0.1	0.0	—
Total assets	2.6	7.1	8.3	9.9	11.7	13.2	14.5	16.3	17.5	18.7	21.1	21.5	26.3	26.2	27.2	27.4	26.4	26.1
Accounts payable	0.3	0.3	0.3	0.3	0.4	0.5	0.4	0.5	0.5	0.6	0.7	0.8	0.9	0.8	0.9	1.0	1.1	1.0
Total current liabilities	0.5	0.5	0.6	0.7	0.9	1.0	1.0	1.1	1.2	1.3	1.5	1.7	2.0	1.9	2.3	2.2	2.4	2.2
Short-term debt	0.1	0.0	—	—	—	—	—	—	—	0.0	0.4	0.5	0.5	0.6	0.8	0.5	0.8	0.6
Long-term debt	0.0	0.0	4.9	6.0	7.3	9.1	10.7	12.2	13.1	13.8	14.9	14.6	18.2	17.8	18.0	18.1	17.3	16.8
Total debt	0.1	4.4	5.1	6.2	7.6	9.4	11.0	12.5	13.5	14.6	15.4	15.1	18.7	18.4	18.8	18.7	18.1	17.4
Total liabilities	0.6	4.9	5.7	6.9	8.4	10.0	11.6	13.2	14.2	15.4	17.3	17.2	21.1	20.6	21.1	21.2	20.5	19.8
Shareholders' equity	1.9	2.2	2.7	3.0	3.3	3.2	2.9	3.1	3.3	3.4	3.8	4.4	5.2	5.6	6.1	6.2	5.9	6.3
Shares outstanding	223m	226m	227m	226m	222m	209m	195m	187m	180m	167m	163m	163m	161m	158m	158m	153m	142m	142m

US$ billions unless shown otherwise. Fiscal quarters.

Carmax Inc: balance sheet, quarterly
Quarter	2025 Q3Nov 2024	2025 Q4Feb 2025	2026 Q1May 2025	2026 Q2Aug 2025	2026 Q3Nov 2025	2026 Q4Feb 2026	2027 Q1May 2026	2027 Q2Aug 2026
Receivables	0.2	0.2	0.2	0.2	0.2	0.2	0.3	0.2
Inventory	3.7	3.9	3.6	3.1	3.1	4.1	4.1	3.9
Total current assets	4.8	5.1	5.5	5.5	4.2	5.3	5.8	5.1
Goodwill	0.1	0.1	0.1	0.1	0.1	0.0	—	—
Total assets	27.3	27.4	27.4	27.1	25.6	26.4	26.6	26.1
Accounts payable	1.0	1.0	1.0	0.9	0.9	1.1	1.1	1.0
Total current liabilities	2.1	2.2	2.3	2.3	2.1	2.4	2.2	2.2
Short-term debt	0.5	0.5	0.8	0.8	0.7	0.8	0.6	0.6
Long-term debt	18.1	18.1	18.0	17.8	16.6	17.3	17.6	16.8
Total debt	18.7	18.7	18.8	18.6	17.3	18.0	18.1	17.4
Total liabilities	21.1	21.2	21.1	20.9	19.5	20.5	20.5	19.8
Shareholders' equity	6.2	6.2	6.3	6.2	6.1	5.9	6.1	6.3
Shares outstanding	154m	153m	151m	148m	143m	142m	142m	142m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Carmax Inc's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Carmax Inc.