| Cash Flow | 2025-08-31 | 2025-05-31 | 2024-11-30 | 2024-08-31 |
|---|---|---|---|---|
| Net earnings | 305,759 | 210,381 | 410,690 | 285,249 |
| Depreciation and amortization | 163,715 | 79,784 | 217,332 | 141,964 |
| Share-based compensation expense | 71,255 | 46,981 | 107,121 | 82,703 |
| Provision for loan losses | - | - | 266,406 | 193,798 |
| Provision for loan, lease, and other losses | 243,904 | 101,707 | - | - |
| Provision for cancellation reserves | 41,897 | 24,803 | 75,007 | 49,302 |
| Deferred income tax provision (benefit) | 42,424 | 2,782 | -19,961 | -11,789 |
| Other | -1,393 | -1,310 | -6,186 | -2,039 |
| Accounts receivable, net | -15,177 | 11,572 | -19,872 | 6,959 |
| Financing receivable, held-for-sale, not part of disposal group, reconciliation to cash flow, period increase (decrease) | 921,928 | 637,947 | - | - |
| Inventory | -785,052 | -310,269 | -12,907 | -280,324 |
| Other current assets | -6,331 | -2,692 | -127,978 | -111,438 |
| Auto loans held for investment, net | -612,649 | -338,338 | 667,502 | 595,543 |
| Other assets | 13,889 | 5,712 | 13,936 | 9,486 |
| Accounts payable, accrued expenses and other current liabilities and accrued income taxes | -230,470 | -141,867 | 6,695 | 23,474 |
| Other liabilities | -38,232 | -22,406 | -70,733 | -45,100 |
| Cash provided by (used in) operating activity, including discontinued operation | 1,085,037 | 299,543 | 478,062 | 501,414 |
| Capital expenditures | 268,204 | 136,736 | 340,322 | 213,123 |
| Proceeds from disposal of property and equipment | 348 | 48 | 153 | 130 |
| Purchases of investments | 5,765 | 4,926 | 9,478 | 3,091 |
| Sales and returns of investments | 1,155 | 425 | 1,722 | 621 |
| Cash provided by (used in) investing activity, including discontinued operation | -272,466 | -141,189 | -347,925 | -215,463 |
| Proceeds from issuances of long-term debt | 87,000 | 87,000 | 34,400 | 0 |
| Payments on long-term debt | 94,955 | 90,930 | 344,231 | 306,274 |
| Cash paid for debt issuance costs | 13,279 | 8,895 | 16,861 | 12,985 |
| Payments on finance lease obligations | 7,105 | 3,443 | 13,146 | 9,056 |
| Issuances of non-recourse notes payable | 6,848,169 | 3,988,864 | 9,721,000 | 6,971,000 |
| Payments on non-recourse notes payable | 6,911,012 | 3,906,323 | 9,491,659 | 6,742,743 |
| Repurchase and retirement of common stock | 384,873 | 204,027 | 329,581 | 213,305 |
| Equity issuances | 8,349 | 8,329 | 35,367 | 30,296 |
| Cash provided by (used in) financing activity, including discontinued operation | -467,706 | -129,425 | -404,711 | -283,067 |
| Increase in cash, cash equivalents, and restricted cash | 344,865 | 28,929 | -274,574 | 2,884 |
| Cash and cash equivalents at beginning of period | 960,310 | 960,310 | 1,250,410 | 1,250,410 |
| Cash and cash equivalents at end of period | 1,305,175 | 989,239 | 975,836 | 1,253,294 |
CARMAX INC (KMX)
CARMAX INC (KMX)