• CarMax average quick ratio for 2023 was 0.67, a 1.47% decline from 2022.
• CarMax average quick ratio for 2022 was 0.68, a 6.25% decline from 2021.
• CarMax average quick ratio for 2021 was 0.64, a 23.81% increase from 2020.

Quick ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated by subtracting inventory from current assets and dividing by current liabilities.