Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. CarMax's Revenue for the
three
months ended in May. 2026 was MXN139,033 Mil. CarMax's Total Assets for the quarter that ended in May. 2026 was MXN458,023 Mil. Therefore, CarMax's Asset Turnover for the quarter that ended in May. 2026 was 0.30.
Asset Turnover is linked to ROE % through Du Pont Formula. CarMax's annualizedROE % for the quarter that ended in May. 2026 was 12.41%. It is also linked to ROA % through Du Pont Formula. CarMax's annualizedROA % for the quarter that ended in May. 2026 was 2.81%.
CarMax (MEX:KMX) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
CarMax's annulizedROE % for the quarter that ended in May. 2026 is
Note:
The Net Income data used here is four times the quarterly (May. 2026) net income data. The Revenue data used here is four times the quarterly (May. 2026) revenue data.
* 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.
** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.
It is also linked to ROA % through Du Pont Formula:
CarMax's annulizedROA % for the quarter that ended in May. 2026 is
Note:
The Net Income data used here is four times the quarterly (May. 2026) net income data. The Revenue data used here is four times the quarterly (May. 2026) revenue data.
* 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.
Be Aware
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.
CarMax Asset Turnover Related Terms
CarMax Asset Turnover Historical Data
* Premium members only.
The historical data trend for CarMax's Asset Turnover 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.
MEX:KMX vs AN, LAD, RUSHA: Asset Turnover Comparison
For the Auto & Truck Dealerships subindustry, CarMax's Asset Turnover, along with its competitors' market caps and Asset Turnover 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 Asset Turnover vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, CarMax's Asset Turnover distribution charts can be found below:
* The bar in red indicates where CarMax's Asset Turnover falls into.
* 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.
Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.
CarMax (MEX:KMX) has a Asset Turnover of 0.30 as of May. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on CarMax and its competitors.
Is CarMax's Asset Turnover too high?
CarMax's current Asset Turnover is 0.30. Overall, CarMax has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does CarMax's Asset Turnover compare to AN and LAD?
CarMax's Asset Turnover of 0.30 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 Asset Turnover for a Vehicles & Parts company?
A good Asset Turnover depends on the Vehicles & Parts industry context. However, Asset Turnover 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 Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on CarMax and its competitors. CarMax's current Asset Turnover is 0.30. 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 MXN1,217.81, compared to a current price of MXN850.00 — trading 30.2% below its estimated fair value. The current Asset Turnover is 0.30. CarMax's overall GF Score™ is 63/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For CarMax (MEX:KMX), the current Asset Turnover is 0.30 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 30.2% below its estimated GF Value™ of MXN1,217.81.
GuruFocus considers CarMax to be Possible Value Trap.
Key valuation signals for MEX:KMX:
Asset Turnover: 0.30
GF Value™: MXN1,217.81 vs. price of MXN850.00 (30.2% below fair value)
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 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.
63GF Score
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