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CarMax (LTS:0HTQ) Equity-to-Asset : 0.23 (As of Feb. 2025)


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What is CarMax Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. CarMax's Total Stockholders Equity for the quarter that ended in Feb. 2025 was $6,243 Mil. CarMax's Total Assets for the quarter that ended in Feb. 2025 was $27,404 Mil. Therefore, CarMax's Equity to Asset Ratio for the quarter that ended in Feb. 2025 was 0.23.

The historical rank and industry rank for CarMax's Equity-to-Asset or its related term are showing as below:

LTS:0HTQ' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.18   Med: 0.2   Max: 0.23
Current: 0.23

During the past 13 years, the highest Equity to Asset Ratio of CarMax was 0.23. The lowest was 0.18. And the median was 0.20.

LTS:0HTQ's Equity-to-Asset is ranked worse than
86.44% of 1320 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs LTS:0HTQ: 0.23

CarMax Equity-to-Asset Historical Data

The historical data trend for CarMax's Equity-to-Asset 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.

CarMax Equity-to-Asset Chart

CarMax Annual Data
Trend Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.20 0.20 0.21 0.22 0.23

CarMax Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
Equity-to-Asset 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 0.22 0.23 0.23 0.23 0.23

Competitive Comparison of CarMax's Equity-to-Asset

For the Auto & Truck Dealerships subindustry, CarMax's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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's Equity-to-Asset Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where CarMax's Equity-to-Asset falls into.


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CarMax Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

CarMax's Equity to Asset Ratio for the fiscal year that ended in Feb. 2025 is calculated as

Equity to Asset (A: Feb. 2025 )=Total Stockholders Equity/Total Assets
=6242.988/27404.206
=0.23

CarMax's Equity to Asset Ratio for the quarter that ended in Feb. 2025 is calculated as

Equity to Asset (Q: Feb. 2025 )=Total Stockholders Equity/Total Assets
=6242.988/27404.206
=0.23

* 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  (LTS:0HTQ) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


CarMax Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of CarMax's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


CarMax Business Description

Traded in Other Exchanges
Address
12800 Tuckahoe Creek Parkway, Richmond, VA, USA, 23238
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.

CarMax Headlines

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