As of today (2024-04-18), CarMax's share price is $67.91. CarMax's Tangible Book per Share of Feb. 2024 for the quarter that ended in Feb. 2024 was $37.64. Hence, CarMax's Price to Tangible Book Ratio of today is 1.80.
The historical rank and industry rank for CarMax's Price-to-Tangible-Book or its related term are showing as below:
KMX'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.8 Med: 3.41 Max: 4.47
Current: 1.8
During the past 13 years, CarMax's highest Price to Tangible Book Ratio was 4.47. The lowest was 1.80. And the median was 3.41.
KMX's Price-to-Tangible-Book is ranked worse than 54.25% of 1200
companies
in the Vehicles & Parts industry
Industry Median: 1.68
vs KMX: 1.80
A closely related ratio is called PB Ratio. As of today, CarMax's share price is $67.91. CarMax's Book Value per Sharefor the quarter that ended in Feb. 2024 was $38.54. Hence, CarMax's P/B Ratio of today is 1.76.
CarMax Price-to-Tangible-Book Historical Data
The historical data trend for CarMax's Price-to-Tangible-Book 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.
* Premium members only.
CarMax Annual Data
Trend
Feb15
Feb16
Feb17
Feb18
Feb19
Feb20
Feb21
Feb22
Feb23
Feb24
Price-to-Tangible-Book
3.78
4.47
3.46
1.99
2.10
CarMax Quarterly Data
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Aug22
Nov22
Feb23
May23
Aug23
Nov23
Feb24
Price-to-Tangible-Book
1.99
2.01
2.21
1.71
2.10
Competitive Comparison
For the Auto & Truck Dealerships subindustry, CarMax's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution
For the Vehicles & Parts industry and Consumer Cyclical sector, CarMax's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where CarMax's Price-to-Tangible-Book falls into.
CarMax Price-to-Tangible-Book Calculation
CarMax's price-to-tangible-book ratio for today 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
CarMax Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of CarMax's Price-to-Tangible-Book 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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