CarMax (LTS:0HTQ) Construction In Progress : $300 Mil (As of Feb. 2025)

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What is CarMax Construction In Progress?

CarMax's quarterly construction in progress stayed the same from Aug. 2024 ($0 Mil) to Nov. 2024 ($0 Mil) but then increased from Nov. 2024 ($0 Mil) to Feb. 2025 ($300 Mil).

CarMax's annual construction in progress declined from Feb. 2023 ($157 Mil) to Feb. 2024 ($117 Mil) but then increased from Feb. 2024 ($117 Mil) to Feb. 2025 ($300 Mil).

CarMax Construction In Progress Historical Data

The historical data trend for CarMax's Construction In Progress 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 Construction In Progress Chart

CarMax Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Feb25

Construction In Progress

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155.92

113.09

156.93

117.35

300.14

CarMax Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Construction In Progress	Get a 7-Day Free Trial															117.35	-	-	-	300.14

CarMax Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

CarMax Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CarMax Inc (LTS:0HTQ) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

KMX:USA KMX:Mexico XA4:Germany 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 around 250 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 were 83% of fiscal 2025 revenue and wholesale about 17%, with the remaining portion composed of extended service plans and repair. In fiscal 2025, the company retailed and wholesaled 789,050 and 544,312 used vehicles, respectively. CarMax is the largest used-vehicle retailer in the US but still estimates that it had only about 3.7% US market share of vehicles 0-10 years old in calendar 2024. It seeks over 5% share. CarMax is based in Richmond, Virginia.

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