AutoZone vs CarMax
CarMax reported revenue of $25.9 billion in fiscal 2026, 1.3 times AutoZone's $20.3 billion in fiscal 2026. AutoZone's revenue grew 7.4% in its latest year, and CarMax's fell 1.8%. Free cash flow was $1.8 billion at AutoZone and $1.2 billion at CarMax. Their fiscal years end in different months (August 29 and February 28), so the periods don't line up exactly.
Side by side
| AutoZone | CarMax | |
|---|---|---|
| Latest fiscal year | FY2026, Aug 29, 2026 | FY2026, Feb 28, 2026 |
| Revenue | $20.3B | $25.9B |
| Revenue growth | 7.4% | −1.8% |
| Revenue growth a year, last 5 years | 6.8% | 6.4% |
| Gross margin | 52.3% | 10.8% |
| Operating margin | 18.3% | — |
| Net margin | 12.7% | 1.0% |
| Free cash flow | $1.8B | $1.2B |
| Free cash flow margin | 8.9% | 4.8% |
| Return on capital | 48.4% | 1.3% |
| Net debt to EBITDA | 2.1x | 20.6x |
| Dividends and buybacks | $2.0B | $643M |
| Change in diluted share count | −2.2% | −5.4% |
| Last close | $3,190.07 | $52.62 |
| P/E at the last close | 20.9× | 24.8× |
| Insider trades, last 12 months | bought $1.7 million, sold $40.0 million | bought $1.3 million, sold $0 |
| Piotroski F-score | 6 of 9 | 5 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
AutoZoneCarMax
Operating margin
Percent of revenue
AutoZoneCarMax
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
AutoZoneCarMax