CarMax (MEX:KMX) LT-Debt-to-Total-Asset: 0.68 (As of May. 2026)

CarMax MEX:KMX 58 LT-Debt-to-Total-Asset is 0.68 as of May. 2026. GuruFocus rates MEX:KMX with a GF Score™ of 58/100 and a GF Value™ of MXN1,259.66 (Possible Value Trap). The stock has 5 warning signs investors should review.

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. CarMax's long-term debt to total assests ratio for the quarter that ended in May. 2026 was 0.68.

CarMax's long-term debt to total assets ratio increased from May. 2025 (0.68) to May. 2026 (0.68). It may suggest that CarMax is progressively becoming more dependent on debt to grow their business.

CarMax (MEX:KMX) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

CarMax LT-Debt-to-Total-Asset Related Terms

CarMax LT-Debt-to-Total-Asset Historical Data

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The historical data trend for CarMax's LT-Debt-to-Total-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.

CarMax LT-Debt-to-Total-Asset Chart

CarMax Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Feb25

Feb26

LT-Debt-to-Total-Asset

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0.71

0.70

0.68

0.67

CarMax Quarterly Data
	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26	May26
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.68	0.68	0.67	0.67	0.68

58GF Score

CarMax Inc MEX:KMX

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CarMax LT-Debt-to-Total-Asset Calculation

CarMax's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2026 is calculated as

LT Debt to Total Assets (A: Feb. 2026 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2026 )	/	Total Assets (A: Feb. 2026 )
	=	305241.092	/	454073.747
	=	0.67

CarMax's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2026 is calculated as

LT Debt to Total Assets (Q: May. 2026 )	=	Long-Term Debt & Capital Lease Obligation (Q: May. 2026 )	/	Total Assets (Q: May. 2026 )
	=	312544.988	/	461971.355
	=	0.68

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →

What does a LT-Debt-to-Total-Asset of 0.68 mean?

CarMax (MEX:KMX) has a LT-Debt-to-Total-Asset of 0.68 as of May. 2026. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on CarMax and its competitors.

Is CarMax's LT-Debt-to-Total-Asset too high?

CarMax's current LT-Debt-to-Total-Asset is 0.68. 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 LT-Debt-to-Total-Asset compare to LAD and AN?

CarMax's LT-Debt-to-Total-Asset of 0.68 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 LT-Debt-to-Total-Asset for a Vehicles & Parts company?

A good LT-Debt-to-Total-Asset depends on the Vehicles & Parts industry context. However, LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset mean?

A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on CarMax and its competitors. CarMax's current LT-Debt-to-Total-Asset is 0.68. 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 MXN1,259.66, compared to a current price of MXN850.00 — trading 32.5% below its estimated fair value. The current LT-Debt-to-Total-Asset is 0.68. 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 LT-Debt-to-Total-Asset calculated?

LT-Debt-to-Total-Asset is calculated from a company's financial statements. For CarMax (MEX:KMX), the current LT-Debt-to-Total-Asset is 0.68 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 32.5% below its estimated GF Value™ of MXN1,259.66. GuruFocus considers CarMax to be Possible Value Trap.

Key valuation signals for MEX:KMX:

LT-Debt-to-Total-Asset: 0.68
GF Value™: MXN1,259.66 vs. price of MXN850.00 (32.5% 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

Industry Consumer Cyclical Vehicles & Parts

Comparable Companies LAD AN ALTB RUSHA VVV OPLN ABG GPI PAG CARG CVNA XBRU:DIE TPE:2207 TSE:4732 ASX:APE LSE:INCH TSX:BYD SAH DRVN TSE:3186

Other Exchanges KMX:USA 0HTQ:UK XA4:Germany K1MX34:Brazil

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 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

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MXN850.00

Price

MXN1,259.66

GF Value

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