CarMax (LTS:0HTQ) Current Accrued Expense : $484 Mil (As of Aug. 2024)

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What is CarMax Current Accrued Expense?

CarMax's Current Accrued Expense for the quarter that ended in Aug. 2024 was $484 Mil.

CarMax's quarterly Current Accrued Expense declined from Feb. 2024 ($524 Mil) to May. 2024 ($456 Mil) but then increased from May. 2024 ($456 Mil) to Aug. 2024 ($484 Mil).

CarMax's annual Current Accrued Expense declined from Feb. 2022 ($533 Mil) to Feb. 2023 ($479 Mil) but then increased from Feb. 2023 ($479 Mil) to Feb. 2024 ($524 Mil).

CarMax Current Accrued Expense Historical Data

The historical data trend for CarMax's Current Accrued 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 Current Accrued Expense Chart

CarMax Annual Data

Trend

Feb15

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Feb24

Current Accrued Expense

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331.74

415.47

533.27

478.96

523.97

CarMax Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Current Accrued Expense	Get a 7-Day Free Trial															513.14	494.37	523.97	456.28	483.92

CarMax Current Accrued Expense Calculation

Current Accrued Expense is the expense incurred during the accounting period, but not required to be paid until a later date. It includes compensation, interest, pensions and all other miscellaneous accruals reported by the company.

CarMax Current Accrued Expense Related Terms

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CarMax Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CarMax Inc (LTS:0HTQ) » Definitions » Current Accrued Expense

Comparable Companies

Traded in Other Exchanges

KMX:USA 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 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 typically account for about 83% of revenue (79% in fiscal 2024 due to the chip shortage) and wholesale about 13% (19% in fiscal 2024), with the remaining portion composed of extended service plans and repair. In fiscal 2024, the company retailed and wholesaled 765,572, and 546,331 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 2023. It seeks over 5% share a few years from now. CarMax is based in Richmond, Virginia.

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