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# CarMax Tax Rate %

: 23.60% (As of Aug. 2020)
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Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. CarMax's Tax Expense for the three months ended in Aug. 2020 was \$92 Mil. CarMax's Pre-Tax Income for the three months ended in Aug. 2020 was \$388 Mil. Therefore, CarMax's Tax Rate % for the quarter that ended in Aug. 2020 was 23.60%.

## CarMax Tax Rate % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

 CarMax Annual Data Feb11 Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Tax Rate %     38.27 37.70 37.56 24.30 23.48

## CarMax Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

CarMax's Tax Rate % for the fiscal year that ended in Feb. 2020 is calculated as

 Tax Rate % = Tax Expense (A: Feb. 2020 ) / Pre-Tax Income (A: Feb. 2020 ) = 272.553 / 1160.986 = 23.48 %

CarMax's Tax Rate % for the quarter that ended in Aug. 2020 is calculated as

 Tax Rate % = Tax Expense (Q: Aug. 2020 ) / Pre-Tax Income (Q: Aug. 2020 ) = 91.645 / 388.341 = 23.60 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.