CarMax Balance Sheet Health
Financial Health criteria checks 3/6
CarMax has a total shareholder equity of $6.1B and total debt of $16.8B, which brings its debt-to-equity ratio to 277.7%. Its total assets and total liabilities are $25.6B and $19.5B respectively. CarMax's EBIT is $728.0M making its interest coverage ratio 6.9. It has cash and short-term investments of $204.9M.
Key information
277.66%
Debt to equity ratio
US$16.84b
Debt
| Interest coverage ratio | 6.9x |
| Cash | US$204.94m |
| Equity | US$6.06b |
| Total liabilities | US$19.50b |
| Total assets | US$25.56b |
Recent financial health updates
Recent updates
CarMax: Downgrade To Sell On Unjustified Valuation Multiple
Jan 21CarMax, Inc. (NYSE:KMX) Soars 27% But It's A Story Of Risk Vs Reward
Jan 18
Not Many Are Piling Into CarMax, Inc. (NYSE:KMX) Stock Yet As It Plummets 25%
Nov 18CarMax, Inc. (NYSE:KMX) Might Not Be As Mispriced As It Looks After Plunging 28%
Sep 27A Look At The Intrinsic Value Of CarMax, Inc. (NYSE:KMX)
Sep 10Investors Could Be Concerned With CarMax's (NYSE:KMX) Returns On Capital
Aug 09Earnings Tell The Story For CarMax, Inc. (NYSE:KMX)
Jun 15Why CarMax, Inc. (NYSE:KMX) Could Be Worth Watching
May 25There Are Reasons To Feel Uneasy About CarMax's (NYSE:KMX) Returns On Capital
May 04CarMax: Tariff Benefits Appear Priced In
Mar 28With CarMax, Inc. (NYSE:KMX) It Looks Like You'll Get What You Pay For
Feb 24CarMax: Near-Term Growth Outlook Is Not Great
Jan 22CarMax Delivers Despite Lower Car Prices, Lock In Gains
Dec 19
Revamping Retail Experience And Finance Innovation Fuels Company's Growth Path
The new order processing system and omnichannel retail strategy emphasize operational efficiency and digital sales growth, aiming for increased margins and sales.CarMax: Still Overvalued Relative To Peers
Sep 27CarMax: Mixed Signs Of Stabilization
Sep 05CarMax: Continued Share Loss Should Drive De-Rating
Jun 19CarMax: Buy The Q4 Earnings Dip, Here's Why
Apr 11CarMax: The Anticipated Earnings Recovery Is Reflected In Valuation
Mar 06CarMax Q3 2024 Earnings: Still Too Cheap
Dec 22CarMax: Potential Credit Losses Make Shares Unattractive
Dec 03CarMax: We Bought Amidst The UAW Strike
Sep 27Financial Position Analysis
Short Term Liabilities: KMX's short term assets ($4.2B) exceed its short term liabilities ($2.1B).
Long Term Liabilities: KMX's short term assets ($4.2B) do not cover its long term liabilities ($17.4B).
Debt to Equity History and Analysis
Debt Level: KMX's net debt to equity ratio (274.3%) is considered high.
Reducing Debt: KMX's debt to equity ratio has reduced from 348.7% to 277.7% over the past 5 years.
Debt Coverage: KMX's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: KMX's interest payments on its debt are well covered by EBIT (6.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/02/12 06:48 |
| End of Day Share Price | 2026/02/12 00:00 |
| Earnings | 2025/11/30 |
| Annual Earnings | 2025/02/28 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
CarMax, Inc. is covered by 38 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Argus Research Company |
| Craig Kennison | Baird |
| John Babcock | Barclays |