CarMax (MEX:KMX) EBIT: MXN22,185 Mil (TTM As of May. 2026)


MEX:KMX CarMax Inc MEX:KMX
58 GF Score
Price MXN850.00
GF Value MXN1,351.49
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is CarMax EBIT?

CarMax MEX:KMX 58 EBIT is MXN22,185 Mil as of May. 2026. GuruFocus rates MEX:KMX with a GF Score™ of 58/100 and a GF Value™ of MXN1,351.49 (Possible Value Trap). The stock has 5 warning signs investors should review.

CarMax's earnings before interest and taxes (EBIT) for the three months ended in May. 2026 was MXN8,268 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2026 was MXN22,185 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CarMax's annualized ROC % for the quarter that ended in May. 2026 was 0.37%. CarMax's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 was 22.74%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CarMax's Earnings Yield (Joel Greenblatt) % for the quarter that ended in May. 2026 was 4.84%.


CarMax  (MEX:KMX) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

CarMax's annualized ROC % for the quarter that ended in May. 2026 is calculated as:

ROC % (Q: May. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Feb. 2026 ) + Invested Capital (Q: May. 2026 ))/ count )
=2200.024 * ( 1 - 28.21% )/( (424483.142 + 433153.788)/ 2 )
=1579.3972296/428818.465
=0.37 %

where

Invested Capital(Q: Feb. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=454073.747 - 27475.455 - ( 2115.15 - max(0, 41584.632 - 91448.84+2115.15))
=424483.142

Invested Capital(Q: May. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=461971.355 - 26523.524 - ( 2294.043 - max(0, 37424.456 - 101224.441+2294.043))
=433153.788

Note: The Operating Income data used here is four times the quarterly (May. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

CarMax's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: May. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Feb. 2026  Q: May. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=33073.436/( ( (78006.447 + max(61858.236, 0)) + (78619.474 + max(72406.873, 0)) )/ 2 )
=33073.436/( ( 139864.683 + 151026.347 )/ 2 )
=33073.436/145445.515
=22.74 %

where Working Capital is:

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3520.824 + 71242.122 + 14570.744) - (27475.455 + 0 + -0.0010000000038417)
=61858.236

Working Capital(Q: May. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4578.942 + 70488.16 + 23863.296) - (26523.524 + 0 + 0.00099999999656575)
=72406.873

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (May. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

CarMax's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: May. 2026 )
=22185.329/458670.401
=4.84 %

* 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.


CarMax EBIT Related Terms


CarMax EBIT Historical Data

* Premium members only.

The historical data trend for CarMax's EBIT 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.

CarMax EBIT Chart

CarMax Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37,036.36 19,583.32 23,967.26 31,619.40 21,750.21

CarMax Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9,864.67 6,690.76 5,465.05 1,761.16 8,268.36

MEX:KMX vs AN, LAD, RUSHA: EBIT Comparison

For the Auto & Truck Dealerships subindustry, CarMax's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, CarMax's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where CarMax's EV-to-EBIT falls into.


MEX:KMX
58GF Score
CarMax Inc MEX:KMX
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CarMax EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN22,185 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of MXN22,185 Mil mean?
CarMax (MEX:KMX) has a EBIT of MXN22,185 Mil as of May. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on CarMax.
Is CarMax's EBIT too high?
CarMax's current EBIT is MXN22,185 Mil. Overall, CarMax has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does CarMax's EBIT compare to AN and LAD?
CarMax's EBIT of MXN22,185 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Vehicles & Parts company?
A good EBIT depends on the Vehicles & Parts industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on CarMax. CarMax's current EBIT is MXN22,185 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CarMax stock overvalued right now?
Based on GuruFocus' analysis, CarMax (MEX:KMX) is currently considered Possible Value Trap. The stock's GF Value™ is MXN1,351.49, compared to a current price of MXN850.00 — trading 37.1% below its estimated fair value. The current EBIT is MXN22,185 Mil. CarMax's overall GF Score™ is 58/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For CarMax (MEX:KMX), the current EBIT is MXN22,185 Mil as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is CarMax (MEX:KMX) Overvalued in 2026?

Based on GuruFocus' analysis, CarMax stock appears to be undervalued. The current stock price of MXN850.00 is trading 37.1% below its estimated GF Value™ of MXN1,351.49. GuruFocus considers CarMax to be Possible Value Trap.

Key valuation signals for MEX:KMX:

  • EBIT: MXN22,185 Mil
  • GF Value™: MXN1,351.49 vs. price of MXN850.00 (37.1% below fair value)
  • GF Score™: 58/100 with 5 warning signs

No single metric tells the full story. See the MEX:KMX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CarMax Business Description

Address 12800 Tuckahoe Creek Parkway, Richmond, VA, USA, 23238
CarMax sells, finances, and services used and new cars through a chain of over about 260 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 80% of fiscal 2026 revenue and wholesale about 17%, with the remaining portion composed of extended service plans and repair. In fiscal 2026, the company retailed and wholesaled 780,684 and 538,203 used vehicles, respectively. CarMax is the largest used-vehicle retailer in the US, but still estimates that it had only about 3.6% US market share of vehicles zero to 10 years old in calendar 2025. CarMax is based in Richmond, Virginia.
58GF Score

Get the complete analysis for MEX:KMX

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN850.00
Price
MXN1,351.49
GF Value