CarMax's book value per share for the quarter that ended in Feb. 2024 was $38.54.
During the past 12 months, CarMax's average Book Value Per Share Growth Rate was 8.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 12.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 14.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 11.20% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of CarMax was 21.00% per year. The lowest was -26.40% per year. And the median was 12.90% per year.
CarMax's current price is $69.52. Its book value per share for the quarter that ended in Feb. 2024 was $38.54. Hence, today's PB Ratio of CarMax is 1.80.
During the past 13 years, the highest P/B Ratio of CarMax was 5.11. The lowest was 1.58. And the median was 3.57.
Good Sign:
CarMax Inc stock PB Ratio (=1.76) is close to 1-year low of 1.6
CarMax Book Value per Share Historical Data
The historical data trend for CarMax's Book Value per Share can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Auto & Truck Dealerships subindustry, CarMax's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CarMax PB Ratio Distribution
For the Vehicles & Parts industry and Consumer Cyclical sector, CarMax's PB Ratio distribution charts can be found below:
* The bar in red indicates where CarMax's PB Ratio falls into.
CarMax Book Value per Share Calculation
CarMax's Book Value Per Share for the fiscal year that ended in Feb. 2024 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.
CarMax (NYSE:KMX) Book Value per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
CarMax Book Value per Share Related Terms
Thank you for viewing the detailed overview of CarMax's Book Value per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
CarMax sells, finances, and services used and new cars through a chain of about 240 used retail stores. It was formed in 1993 as a unit of Circuit City and spun off into an independent company in late 2002. Used-vehicle sales typically account for about 83% of revenue (78% in fiscal 2023 due to the chip shortage) and wholesale about 13% (20% in fiscal 2023), with the remaining portion composed of extended service plans and repair. In fiscal 2023, the company retailed and wholesaled 807,823, and 585,071 used vehicles, respectively. CarMax is the largest used-vehicle retailer in the U.S. but still estimates that it has only about 4% U.S. market share of vehicles 0-10 years old in 2022. It seeks over 5% share by the end of calendar 2025. CarMax is based in Richmond, Virginia.
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