• CarMax average pre-tax profit margin for 2023 was 2.25%, a 35.71% decline from 2022.
• CarMax average pre-tax profit margin for 2022 was 3.5%, a 38.27% decline from 2021.
• CarMax average pre-tax profit margin for 2021 was 5.67%, a 11.61% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.