• CarMax average price/book ratio for 2024 was 2.01, a 4.15% increase from 2023.
• CarMax average price/book ratio for 2023 was 1.93, a 29.04% increase from 2022.
• CarMax average price/book ratio for 2022 was 2.72, a 36.3% decline from 2021.

Price/book ratio can be defined as