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). Check tangible equity quality of CarMax Inc to evaluate the tangible quality of the company's equity base.
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. For the full cash flow conversion analysis, see CarMax Inc (KMX) cash conversion ratio.
Annual Capital Reinvestment Ratio for CarMax Inc (2001–2026)
Year-by-year Capital Reinvestment Ratio for CarMax Inc from 2001 to 2026. See KMX free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| 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 | — |