CarMax (MEX:KMX) Tax Rate %: 28.21% (As of May. 2026)

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MEX:KMX CarMax Inc MEX:KMX
62 GF Score
Price MXN1,030.00
GF Value MXN1,349.04
Valuation Modestly Undervalued
! 8 Warning Signs
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What is CarMax Tax Rate %?

CarMax MEX:KMX 62 Tax Rate % is 28.21% as of May. 2026. GuruFocus rates MEX:KMX with a GF Score™ of 62/100 and a GF Value™ of MXN1,349.04 (Modestly Undervalued). The stock has 8 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. CarMax's Tax Expense for the three months ended in May. 2026 was MXN1,265 Mil. CarMax's Pre-Tax Income for the three months ended in May. 2026 was MXN4,486 Mil. Therefore, CarMax's Tax Rate % for the quarter that ended in May. 2026 was 28.21%.

CarMax Tax Rate % Related Terms

CarMax Tax Rate % Historical Data

* Premium members only.

The historical data trend for CarMax's Tax Rate % 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 Tax Rate % Chart

CarMax Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.85 23.88 25.31 25.22 35.51

CarMax Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Tax Rate % 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 25.69 24.96 25.83 -9.04 28.21
MEX:KMX
62GF Score
CarMax Inc MEX:KMX
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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CarMax Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

CarMax's Tax Rate % for the fiscal year that ended in Feb. 2026 is calculated as

Tax Rate %=Tax Expense (A: Feb. 2026 )/Pre-Tax Income (A: Feb. 2026 )
=2344.478/6602.985
=35.51 %

CarMax's Tax Rate % for the quarter that ended in May. 2026 is calculated as

Tax Rate %=Tax Expense (Q: May. 2026 )/Pre-Tax Income (Q: May. 2026 )
=1265.321/4485.912
=28.21 %

* 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 Tax Rate % →
What does a Tax Rate % of 28.21% mean?
CarMax (MEX:KMX) has a Tax Rate % of 28.21% as of May. 2026.
Is CarMax's Tax Rate % too high?
CarMax's current Tax Rate % is 28.21%. Overall, CarMax has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CarMax's Tax Rate % compare to LAD and AN?
CarMax's Tax Rate % of 28.21% 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 Tax Rate % for a Vehicles & Parts company?
A good Tax Rate % depends on the Vehicles & Parts industry context. However, Tax Rate % 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 Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. CarMax's current Tax Rate % is 28.21%. 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 Modestly Undervalued. The stock's GF Value™ is MXN1,349.04, compared to a current price of MXN1,030.00 — trading 23.6% below its estimated fair value. The current Tax Rate % is 28.21%. CarMax's overall GF Score™ is 62/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For CarMax (MEX:KMX), the current Tax Rate % is 28.21% 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 MXN1,030.00 is trading 23.6% below its estimated GF Value™ of MXN1,349.04. GuruFocus considers CarMax to be Modestly Undervalued.

Key valuation signals for MEX:KMX:

  • Tax Rate %: 28.21%
  • GF Value™: MXN1,349.04 vs. price of MXN1,030.00 (23.6% below fair value)
  • GF Score™: 62/100 with 8 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.
62GF Score

Get the complete analysis for MEX:KMX

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

MXN1,030.00
Price
MXN1,349.04
GF Value