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KMX

CARMAX, INC.
CIK 0001170010 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
17.6
composite ยท 4 signals ยท CLEAN

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-01 ยท FY 2026-02-28 ยท CLEAN21.5

Earnings quality

Beneish M-Score -2.75 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-04-15) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.746,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.103,
    "GMI": 1.014,
    "AQI": 0.955,
    "SGI": 0.982,
    "DEPI": 0.91,
    "SGAI": 1.026,
    "LVGI": 1.142,
    "TATA": -0.058
  },
  "defaulted_to_neutral": [],
  "sloan_accruals": -0.0572,
  "inputs": {
    "revenue_t": 25881131000,
    "revenue_t1": 26353420000,
    "total_assets_t": 26367903000,
    "net_income_t": 247290000,
    "cfo_t": 1783847000
  },
  "stale": false,
  "latest_filing_period": "2026-02-28",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1170010/000117001026000021/0001170010-26-000021-index.htm",
    "form": "10-K",
    "filed": "2026-04-15"
  }
}
P-05 ยท FY 2026-02-28 ยท CLEAN0.0

Tax arbitrage

ETR 35.5% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-04-15) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2026-02-28": 0.3551,
    "2025-02-28": 0.2522,
    "2024-02-29": 0.2531
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2026-02-28": -0.1451,
    "2025-02-28": -0.0422,
    "2024-02-29": -0.0431
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2026-02-28",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1170010/000117001026000021/0001170010-26-000021-index.htm",
    "form": "10-K",
    "filed": "2026-04-15"
  }
}
P-07 ยท FY 2026-02-28 ยท CLEAN7.9

Pension underfunding

DB plan 96% funded
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-04-15) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 218244000,
  "plan_assets": 209763000,
  "funded_ratio": 0.9611,
  "deficit": -8481000,
  "deficit_vs_equity": 0.0014,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": false,
  "latest_filing_period": "2026-02-28",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1170010/000117001026000021/0001170010-26-000021-index.htm",
    "form": "10-K",
    "filed": "2026-04-15"
  }
}
P-12 ยท FY 2026-02-28 ยท CLEAN17.2

Restatement predictor

F-Score 0.52 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-04-15) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.516,
  "probability": 0.00191,
  "components": {
    "rsst": -0.0572,
    "drec": 0.0006,
    "dinv": 0.0075,
    "soft": 0.841,
    "dcs": -0.0185,
    "droa": -0.0089,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2026-02-28",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1170010/000117001026000021/0001170010-26-000021-index.htm",
    "form": "10-K",
    "filed": "2026-04-15"
  }
}