Start with its own history
At 19.69×, KMX is 5.3% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · KMXAuto - DealershipsUpdated Nov 5, 2026
CarMax, Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
19.69×
5.3% belowthe 10-year annual average
Share price55.14
÷Earnings per share2.8
Price and EPS in quote currency. Calculation details
Investors are paying 19.69 for every 1 of reported earnings per share.
P/E over time
2017 – 2026
Annual P/ESelected-period average 20.80×
3-year average25.85×3 positive annual observations
5-year average23.12×5 positive annual observations
10-year average20.80×10 positive annual observations
Peer median · TTM9.04×7 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Feb 28, 2026 | 25.70× | -0.3% |
| Feb 28, 2025 | 25.77× | -1.2% |
| Feb 29, 2024 | 26.07× | +15.2% |
| Feb 28, 2023 | 22.64× | +46.8% |
| Feb 28, 2022 | 15.42× | -41.8% |
| Feb 28, 2021 | 26.50× | +63.6% |
| Feb 29, 2020 | 16.20× | +26.0% |
| Feb 28, 2019 | 12.86× | -25.2% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Feb 28, 2018 | 17.20× | -12.3% |
| Feb 28, 2017 | 19.62× | +30.2% |
| Feb 29, 2016 | 15.07× | -37.8% |
| Feb 28, 2015 | 24.23× | +10.1% |
| Feb 28, 2014 | 22.01× | +8.9% |
| Feb 28, 2013 | 20.22× | +20.5% |
| Feb 29, 2012 | 16.77× | -20.3% |
| Feb 28, 2011 | 21.05× | +24.5% |
| Feb 28, 2010 | 16.91× | -51.6% |
| Feb 28, 2009 | 34.93× | +59.8% |
| Feb 29, 2008 | 21.86× | -22.9% |
| Feb 28, 2007 | 28.33× | +15.4% |
| Feb 28, 2006 | 24.55× | -27.1% |
| Feb 28, 2005 | 33.67× | +6.6% |
| Feb 29, 2004 | 31.59× | +93.1% |
| Feb 28, 2003 | 16.36× | -44.9% |
| Feb 28, 2002 | 29.71× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How KMX compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 KMX This stockCarMax, Inc. | 19.69× |
 CVNACarvana Co. | 25.19× |
 SAHSonic Automotive, Inc. | 10.13× |
 ANAutoNation, Inc. | 8.71× |
 GPIGroup 1 Automotive, Inc. | 8.63× |
 PAGPenske Automotive Group, Inc. | 15.49× |
 ABGAsbury Automotive Group, Inc. | 8.32× |
 LADLithia Motors, Inc. | 9.04× |
 CRMTAmerica's Car-Mart, Inc. | N/M |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does KMX’s P/E tell you?
Compare like with like
The median of the 7 positive peer ratios above is 9.04×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take KMX into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("KMX", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 55.14 ÷ EPS 2.8 = 19.69×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
KMX P/E ratio: common questions
The essentials behind the numbers.
CarMax, Inc.'s current P/E is 19.69× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.