CarMax Inc (KMX)
Gross profit margin
| Feb 28, 2025 | Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,897,900 | 2,713,210 | 2,800,200 | 3,287,540 | 2,379,120 |
| Revenue | US$ in thousands | 26,353,400 | 26,536,000 | 29,684,900 | 31,900,400 | 18,950,100 |
| Gross profit margin | 11.00% | 10.22% | 9.43% | 10.31% | 12.55% |
February 28, 2025 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,897,900K ÷ $26,353,400K
= 11.00%
The gross profit margin for CarMax Inc has shown a gradual decrease over the past five years, starting at 12.55% on February 28, 2021, and declining to 10.31% on February 28, 2022, then further decreasing to 9.43% on February 28, 2023. However, there was a slight improvement in the gross profit margin to 10.22% on February 29, 2024, followed by a more significant increase to 11.00% on February 28, 2025.
This fluctuation in the gross profit margin may indicate changes in the company's cost structure, pricing strategies, or sales volume during the period under review. It is essential for stakeholders to further investigate the reasons behind these variations to assess the overall profitability and operational efficiency of CarMax Inc.
Peer comparison
Feb 28, 2025