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Autonation vs Carmax: revenue, profit, margins and growth compared

Autonation brought in $27.6B of revenue in fiscal 2025, Carmax $25.9B in fiscal 2026. Revenue changed by +3.2% at Autonation and -1.8% at Carmax on the year before, so Autonation grew faster. Autonation kept 2.3% of its revenue as net profit, Carmax 1.0%. Free cash flow was -$197.5M at Autonation and $1.2B at Carmax.

Side by side, latest fiscal year

ANKMX
Fiscal year endedFY2025 (December 31, 2025)FY2026 (February 28, 2026)
Revenue$27.6B$25.9B
Revenue growth+3.2%-1.8%
Net income$649.1M$247.3M
Net margin2.3%1.0%
Free cash flow-$197.5M$1.2B
Free cash flow margin-0.7%4.8%
Earnings per share (diluted)$17.04$1.68
Cash$58.6M$122.8M
Debt$3.8B$17.3B
Price to earnings9.834.0
Market value$5.5B$8.1B
Dividend yieldn/an/a
Rank by revenue in sector#38 of 778 · Consumer discretionary#44 of 778 · Consumer discretionary

Over the years

Revenue
AN FY2018: $21.4BAN FY2019: $21.3BAN FY2020: $20.4BAN FY2021: $25.8BAN FY2022: $27BAN FY2023: $26.9BAN FY2024: $26.8BAN FY2025: $27.6BKMX FY2019: $18.2BKMX FY2020: $20.3BKMX FY2021: $19BKMX FY2022: $31.9BKMX FY2023: $29.7BKMX FY2024: $26.5BKMX FY2025: $26.4BKMX FY2026: $25.9BFY18FY19FY20FY21FY22FY23FY24FY25FY26
AN $27.6BKMX $25.9B
Net income
AN FY2018: $396MAN FY2019: $450MAN FY2020: $381.6MAN FY2021: $1.4BAN FY2022: $1.4BAN FY2023: $1BAN FY2024: $692.2MAN FY2025: $649.1MKMX FY2019: $842.4MKMX FY2020: $888.4MKMX FY2021: $746.9MKMX FY2022: $1.2BKMX FY2023: $484.8MKMX FY2024: $479.2MKMX FY2025: $500.6MKMX FY2026: $247.3MFY18FY19FY20FY21FY22FY23FY24FY25FY26
AN $649.1MKMX $247.3M
Net margin
AN FY2018: 1.8%AN FY2019: 2.1%AN FY2020: 1.9%AN FY2021: 5.3%AN FY2022: 5.1%AN FY2023: 3.8%AN FY2024: 2.6%AN FY2025: 2.3%KMX FY2019: 4.6%KMX FY2020: 4.4%KMX FY2021: 3.9%KMX FY2022: 3.6%KMX FY2023: 1.6%KMX FY2024: 1.8%KMX FY2025: 1.9%KMX FY2026: 1.0%FY18FY19FY20FY21FY22FY23FY24FY25FY26
AN 2.3%KMX 1.0%
Revenue growth
AN FY2019: -0.4%AN FY2020: -4.4%AN FY2021: +26.7%AN FY2022: +4.4%AN FY2023: -0.1%AN FY2024: -0.7%AN FY2025: +3.2%KMX FY2020: +11.8%KMX FY2021: -6.7%KMX FY2022: +68.3%KMX FY2023: -6.9%KMX FY2024: -10.6%KMX FY2025: -0.7%KMX FY2026: -1.8%FY19FY20FY21FY22FY23FY24FY25FY26
AN +3.2%KMX -1.8%
Free cash flow
AN FY2018: $110.2MAN FY2019: $499.9MAN FY2020: $1.1BAN FY2021: $1.4BAN FY2022: $1.3BAN FY2023: $313.7MAN FY2024: -$13.8MAN FY2025: -$197.5MKMX FY2019: -$141.7MKMX FY2020: -$568.5MKMX FY2021: $503.2MKMX FY2022: -$2.9BKMX FY2023: $860.6MKMX FY2024: -$6.7MKMX FY2025: $156.5MKMX FY2026: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
AN -$197.5MKMX $1.2B

Fiscal years as each company reports them; the two may end in different months.

Questions about Autonation and Carmax

Which is bigger by revenue, Autonation or Carmax?

Autonation is bigger by revenue: $27.6B in fiscal 2025, against $25.9B for Carmax in fiscal 2026.

Which keeps more of its revenue as profit, Autonation or Carmax?

Autonation had a net margin of 2.3% in fiscal 2025; Carmax had 1.0% in fiscal 2026.

Which grew revenue faster, Autonation or Carmax?

In their latest fiscal years revenue changed by +3.2% at Autonation and -1.8% at Carmax.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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