• CarMax average ebitda margin for 2023 was 3.57%, a 23.06% increase from 2022.
• CarMax average ebitda margin for 2022 was 4.64%, a 33.33% decline from 2021.
• CarMax average ebitda margin for 2021 was 6.96%, a 3.26% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.