CarMax (CarMax) Interest Expense : $-763 Mil (TTM As of Feb. 2024)

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What is CarMax Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CarMax's interest expense for the three months ended in Feb. 2024 was $ -205 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-763 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. CarMax's Operating Income for the three months ended in Feb. 2024 was $ -148 Mil. CarMax's Interest Expense for the three months ended in Feb. 2024 was $ -205 Mil. CarMax did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

CarMax Interest Expense Historical Data

The historical data trend for CarMax's Interest Expense 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.

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CarMax Interest Expense Chart

CarMax Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Interest Expense

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-441.11

-400.28

-322.90

-430.70

-763.45

CarMax Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-138.93	-173.07	-183.59	-201.47	-205.33

CarMax Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-763 Mil.

CarMax (NYSE:KMX) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

CarMax's Interest Expense for the three months ended in Feb. 2024 was $-205 Mil. Its Operating Income for the three months ended in Feb. 2024 was $-148 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $18,456 Mil.

CarMax's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

CarMax did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

CarMax (CarMax) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CarMax Inc (NYSE:KMX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

KMX:Mexico XA4:Germany

Address

12800 Tuckahoe Creek Parkway, Richmond, VA, USA, 23238

Website

https://www.carmax.com

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.

Executives

Jon G Daniels	officer: SVP, CAF	12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
William D Nash	officer: EVP, HR & Admin Services	12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Darren C Newberry	officer: SVP	12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
James Lyski	officer: SVP & Chief Marketing Officer	CARMAX, 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Jill A Livesay	officer: VP, Controller & PAO	CARMAX, INC., 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Mohammad Shamim	officer: SVP and CIO	12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Diane L Cafritz	officer: SVP & CHRO	12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Charles Joseph Wilson	officer: SVP	12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Ronald E Blaylock	director
Edwin J Hill	officer: SVP	12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Eric M Margolin	officer: SVP, Gen. Counsel & Secretary	CARMAX, 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Thomas J Folliard	officer: Executive Vice President	12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Enrique N Mayor-mora	officer: SVP & CFO	12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Reedy Thomas W Jr	officer: SVP & CFO	12800 TUCKHOE CREEK PARKWAY, RICHMOND VA 23238
Mark F Oneil	director	C/O CARMAX, INC., 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238