CarMax (FRA:XA4) Long-Term Capital Lease Obligation

: €460 Mil (As of Feb. 2024)

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CarMax's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was €460 Mil.

CarMax's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 (€474 Mil) to Nov. 2023 (€470 Mil) and declined from Nov. 2023 (€470 Mil) to Feb. 2024 (€460 Mil).

CarMax's annual Long-Term Capital Lease Obligation increased from Feb. 2022 (€461 Mil) to Feb. 2023 (€489 Mil) but then declined from Feb. 2023 (€489 Mil) to Feb. 2024 (€460 Mil).

CarMax Long-Term Capital Lease Obligation Historical Data

The historical data trend for CarMax's Long-Term Capital Lease Obligation 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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 404.10 [6] => 350.33 [7] => 461.00 [8] => 489.26 [9] => 459.99 )

CarMax Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Long-Term Capital Lease Obligation

404.10

350.33

461.00

489.26

459.99

CarMax Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation																489.26	477.65	473.94	470.45	459.99

CarMax (FRA:XA4) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

CarMax Long-Term Capital Lease Obligation Related Terms

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CarMax (FRA:XA4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CarMax Inc (FRA:XA4) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

KMX:USA KMX:Mexico

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.

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