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Carmax Inc cash flow statement

In fiscal 2026, Carmax Inc's operations generated $1.78bn of cash; it spent $541m on capital projects, leaving free cash flow of $1.24bn. It returned $643m through buybacks.

Cash flow statement

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

Fiscal year2010Feb 20102011Feb 20112012Feb 20122013Feb 20132014Feb 20142015Feb 20152016Feb 20162017Feb 20172018Feb 20182019Feb 20192020Feb 20202021Feb 20212022Feb 20222023Feb 20232024Feb 20242025Feb 20252026Feb 2026LTMAug 2026
Cash from operations60−7−62−778−613−968−117−455−81163−237668−2,5491,2834596241,7841,599
Depreciation and amortisation75768395102115137169180182216242273265260295346326
Stock-based pay384448626682519262751091221098612013599103
Capital spending2277173236310310316418297305332165309423465468541453
Free cash flow37−83−235−1,014−923−1,278−432−873−377−142−569503−2,858861−71571,2431,146
Free cash flow after stock pay−1−127−283−1,076−990−1,360−483−965−439−217−677381−2,967775−126221,1441,043
Share buybacks—0020331392498456458090556823057633494428643261
Shares issued313816634590476074581241438017457480

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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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.