CarMax Gross Margin 2010-2025 | KMX
- CarMax average gross margin for 2024 was 10.51%, a 6.48% increase from 2023.
- CarMax average gross margin for 2023 was 9.87%, a 2.49% increase from 2022.
- CarMax average gross margin for 2022 was 9.63%, a 19.21% increase from 2021.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.