CarMax (MEX:KMX) ROCE %: 7.90% (As of May. 2026)

What is CarMax ROCE %?

CarMax MEX:KMX 58 ROCE % is 7.90% 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. CarMax's annualized ROCE % for the quarter that ended in May. 2026 was 7.90%.

CarMax (MEX:KMX) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

CarMax ROCE % Related Terms

CarMax ROCE % Historical Data

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The historical data trend for CarMax's ROCE % 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 ROCE % Chart

CarMax Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Feb25

Feb26

ROCE %

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8.13

4.17

5.51

6.71

4.68

CarMax Quarterly Data
	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26	May26
ROCE %	Get a 7-Day Free Trial															7.85	5.60	4.87	1.67	7.90

58GF Score

CarMax Inc MEX:KMX

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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CarMax ROCE % Calculation

CarMax's annualized ROCE % for the fiscal year that ended in Feb. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2026 )		(A: Feb. 2025 )		(A: Feb. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2026 )		(A: Feb. 2025 )		(A: Feb. 2026 )
	=	21750.209	/	( ( (562482.29 - 45114.234)	+	(454073.747 - 41584.632) )	/ 2 )
	=	21750.209	/	( (517368.056	+	412489.115)	/ 2 )
	=	21750.209	/	464928.5855
	=	4.68 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2026 )		(Q: Feb. 2026 )		(Q: May. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2026 )		(Q: Feb. 2026 )		(Q: May. 2026 )
	=	33073.436	/	( ( (454073.747 - 41584.632)	+	(461971.355 - 37424.456) )	/ 2 )
	=	33073.436	/	( ( 412489.115	+	424546.899 )	/ 2 )
	=	33073.436	/	418518.007
	=	7.90 %

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

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 7.90% mean?

CarMax (MEX:KMX) has a ROCE % of 7.90% as of May. 2026.

Is CarMax's ROCE % too high?

CarMax's current ROCE % is 7.90%. The Vehicles & Parts industry median ROCE % is 7.94. CarMax's value of 7.90% is 0.5% below this industry median. 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 ROCE % compare to AN and LAD?

CarMax's ROCE % of 7.90% can be compared against companies in the Vehicles & Parts industry. The industry median ROCE % is 7.94. CarMax's value of 7.90% is 0.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Vehicles & Parts company?

The median ROCE % among Vehicles & Parts companies is 7.94, based on 1,319 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CarMax's current ROCE % of 7.90% is 0.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Vehicles & Parts industry, the median ROCE % is 7.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CarMax's current ROCE % is 7.90%. 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 ROCE % is 7.90% and 0.5% below the Vehicles & Parts industry median of 7.94. 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 ROCE % calculated?

ROCE % is calculated from a company's financial statements. For CarMax (MEX:KMX), the current ROCE % is 7.90% 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:

ROCE %: 7.90%
GF Value™: MXN1,351.49 vs. price of MXN850.00 (37.1% below fair value)
GF Score™: 58/100 with 5 warning signs
Industry Position: 0.5% below the Vehicles & Parts median

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

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

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MXN1,351.49

GF Value

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