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Highest Debt to Asset Ratio in the Automotive Retail Industry Detected in Shares of Carmax Inc (KMX, ABG, SAH, AN, LAD)

By David Diaz

Below are the three companies in the Automotive Retail industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.

Carmax Inc ranks highest with a a debt to asset ratio of 74.76. Asbury Auto Grp is next with a a debt to asset ratio of 68.21. Sonic Automoti-A ranks third highest with a a debt to asset ratio of 66.47.

Autonation Inc follows with a a debt to asset ratio of 63.39, and Lithia Motors-A rounds out the top five with a a debt to asset ratio of 63.34.

SmarTrend recommended that its subscribers protect gains by selling shares of Lithia Motors-A on February 5th, 2018 by issuing a Downtrend alert when the shares were trading at $117.41. Since that call, shares of Lithia Motors-A have fallen 8.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest debt to asset ratio carmax inc asbury auto grp sonic automoti-a autonation inc lithia motors-a

Ticker(s): KMX ABG SAH AN LAD