CarMax
-0.08 %
-4.44 %
Yet to be announced
Company Overview
CarMax is the largest used car retailer in the United States. The company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The CarMax Sales Operations segment sells used vehicles at retail locations and wholesale auctions. The CAF segment provides vehicle financing through CarMax stores.
Revenue Sources
PassCarMax's primary revenue comes from selling used vehicles and related services, which is halal. However, the company operates CarMax Auto Finance (CAF), which provides auto loans to customers. The financing operations are integrated into their business model but the revenue from this segment is reported separately and does not exceed the 2.5% threshold when compared to total revenue.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Feb. 28, 2025 | $6.0b | $6.03b | - | $24.14m | 0.00% | 0.40% |
| Nov. 30, 2024 | $6.22b | $6.21b | - | $25.42m | 0.00% | 0.41% |
| Aug. 31, 2024 | $7.01b | $6.95b | - | $27.02m | 0.00% | 0.39% |
| May 31, 2024 | $7.11b | $7.05b | - | $31.36m | 0.00% | 0.44% |
Analysis of the last four quarters shows that CarMax's interest expenses remain consistently below 1% of total expenses. The interest expense ratios for the most recent quarters are well within acceptable limits for halal compliance.
Operational Ethics
PassBased on available information from SEC filings and company reports, there is no evidence of significant ongoing associations with entities involved in human rights violations. CarMax primarily operates in the United States market.
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