• CarMax average operating margin for 2024 was 2.69%, a 1.89% increase from 2023.
• CarMax average operating margin for 2023 was 2.64%, a 30.16% increase from 2022.
• CarMax average operating margin for 2022 was 3.78%, a 36.04% decline from 2021.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.