CarMax Inc (KMX) — Capital Reinvestment Ratio
CarMax Inc (KMX) has a Capital Reinvestment Ratio of 0.11x as of November 2025, meaning it reinvests 0% of its operating cash flow ($1.25 Billion) in capital expenditures ($139.76 Million). See CarMax Inc balance sheet quality to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
CarMax Inc Capital Reinvestment Ratio (2001–2026)
This chart tracks CarMax Inc's Capital Reinvestment Ratio across 16 annual periods. Check CarMax Inc cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for CarMax Inc (2001–2026)
Year-by-year Capital Reinvestment Ratio for CarMax Inc from 2001 to 2026. For live market cap and broader valuation context, see CarMax Inc stock valuation.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2026 | 0.30x | $1.78 Billion | $540.99 Million | ▼ -59.5% |
| 2025 | 0.75x | $624.44 Million | $467.94 Million | ▼ -26.1% |
| 2024 | 1.01x | $458.62 Million | $465.31 Million | ▲ +208.0% |
| 2023 | 0.33x | $1.28 Billion | $422.71 Million | ▲ +33.7% |
| 2021 | 0.25x | $667.76 Million | $164.54 Million | ▼ -86.8% |
| 2019 | 1.87x | $162.97 Million | $304.64 Million | ▲ +319.0% |
| 2010 | 0.45x | $50.29 Million | $22.43 Million | ▼ -36.4% |
| 2009 | 0.70x | $264.59 Million | $185.70 Million | ▼ -77.9% |
| 2008 | 3.18x | $79.52 Million | $253.11 Million | ▲ +127.1% |
| 2007 | 1.40x | $136.80 Million | $191.76 Million | ▼ -11.8% |
| 2006 | 1.59x | $122.30 Million | $194.43 Million | ▼ -69.1% |
| 2005 | 5.14x | $44.74 Million | $230.08 Million | ▲ +321.1% |
| 2004 | 1.22x | $148.46 Million | $181.34 Million | ▼ -28.0% |
| 2003 | 1.70x | $71.97 Million | $122.03 Million | ▲ +74.6% |
| 2002 | 0.97x | $42.64 Million | $41.42 Million | ▲ +59.6% |
| 2001 | 0.61x | $17.81 Million | $10.83 Million | — |