Welcome to our dedicated page for Carmax SEC filings (Ticker: KMX), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Parsing CarMax’s dual identity as the nation’s largest no-haggle used-car retailer and an auto-loan originator can feel like juggling two dense manuals at once. Inventory valuation swings, CAF credit reserves, and reconditioning costs are scattered across hundreds of pages, leaving many investors asking, “How do I actually read CarMax’s 10-K annual report?”
Stock Titan answers that pain point. Our AI reviews every CarMax annual report 10-K simplified, each CarMax quarterly earnings report 10-Q filing, and every CarMax 8-K material events explained the instant they hit EDGAR. Need CarMax insider trading Form 4 transactions or CarMax Form 4 insider transactions real-time? We flag them, summarize what executives bought or sold, and link those trades to upcoming sales comps. Curious about loan loss trends? Our AI highlights CAF net charge-offs, compares them quarter-over-quarter, and presents the data in plain language. It’s CarMax SEC filings explained simply—no accounting degree required.
Use these insights to spot margin pressure from wholesale auctions, monitor inventory aging before earnings releases, or review the CarMax proxy statement executive compensation to see how pay ties to same-store unit growth. Whether you’re tracking CarMax executive stock transactions Form 4 ahead of earnings or just want a concise CarMax earnings report filing analysis, Stock Titan delivers real-time updates, AI-powered summaries, and historical context in one place. Understanding CarMax SEC documents with AI turns hours of document hunting into minutes of decision-ready information.
CarMax Inc. executive reports equity award vesting and share withholding
CarMax Inc.'s EVP and COO filed a report of recent stock transactions in the company's common shares. On December 28, 2025, restricted stock units, referred to by the company as market stock units (MSUs), vested and were settled in CarMax common stock. Following vesting, the reporting person received approximately 0.6377 times the number of MSUs in shares of common stock, resulting in the acquisition of 160 shares.
On the same date, 49 shares of common stock were disposed of at a price of $39.27 per share, consistent with shares often being withheld to cover tax obligations. After these transactions, the executive directly beneficially owned 19,513 shares of CarMax common stock.
CarMax Inc. disclosed that one of its directors, who also serves as Interim President and CEO, received an equity award in the form of restricted stock units. On December 26, 2025, this executive was granted 91,673 restricted stock units, each representing a contingent right to receive one share of CarMax common stock. These restricted stock units are scheduled to vest on December 26, 2026, with the possibility of earlier vesting under the terms of the applicable restricted stock unit grant agreement. Following this grant, the executive beneficially holds 91,673 derivative securities directly, reflecting a standard component of executive and director compensation tied to the company’s share performance.
CarMax Inc. reported an insider equity grant for its interim executive chair, who also serves as a director. The individual received 25,465 restricted stock units (RSUs), each representing a contingent right to receive one share of CarMax common stock.
The RSUs are scheduled to vest on December 26, 2026, with the potential for earlier vesting under the terms of a previously filed Form of Notice of Restricted Stock Unit Grant for certain employee directors. Following this transaction, the reporting person beneficially owns 25,465 derivative securities directly in the form of RSUs linked to CarMax common shares.
CarMax, Inc. reported lower results for the quarter ended November 30, 2025. Net sales and operating revenues were $5.79 billion, down from $6.22 billion a year earlier, as both used and wholesale vehicle sales declined. Quarterly net earnings fell to $62.2 million from $125.4 million, with diluted EPS decreasing to $0.43 from $0.81, reflecting weaker gross profit and higher operating costs as a share of revenue.
For the first nine months, revenue was $19.94 billion versus $20.35 billion and net earnings were $368.0 million versus $410.7 million. CarMax Auto Finance contributed income of $174.7 million in the quarter, helped by a $27.0 million gain on a non-prime securitization of about $930 million of auto loans. The allowance for loan losses on auto loans held for investment increased to $474.8 million as of November 30, 2025.
Operating cash flow was strong at $2.34 billion for the nine months, aided by a large reduction in inventory. The company repurchased 10.49 million shares for $588.4 million year-to-date, reducing shares outstanding to 143.1 million. CarMax also amended and partially repaid its term loan, cutting the balance to $500 million and extending maturity to 2030.
CarMax, Inc. furnished a press release announcing its third quarter fiscal year 2026 results. The company states that the release, dated December 18, 2025 and titled “CarMax Reports Third Quarter Fiscal Year 2026 Results,” is provided as an exhibit and incorporated by reference into the current report. This means detailed financial and operating results for the quarter are contained in the accompanying press release rather than in the body of the report itself.
BlackRock, Inc. filed a Schedule 13G/A reporting beneficial ownership of 16,748,605 shares of CarMax (KMX) common stock, representing 11.4% of the class as of 10/31/2025. The filing is made on a passive basis, with a certification that the securities were acquired and are held in the ordinary course of business and not to change or influence control.
BlackRock reports sole voting power over 16,235,694 shares and sole dispositive power over 16,748,605 shares. The interest of iShares Core S&P Small-Cap ETF in CarMax common stock is stated to be more than five percent of the total outstanding common stock.
CarMax (KMX) announced leadership changes. The Board terminated President and CEO William D. Nash effective December 1, 2025, under his severance agreement. He also resigned from the Board effective the same date, and the Board will be reduced to nine directors.
The Board appointed director David W. McCreight as Interim President and CEO effective December 1, 2025. In this role, he will receive a $1,200,000 annual base salary and RSUs with a grant-date fair value of $3,600,000 that vest on the first anniversary, with pro‑rata vesting based on months served as interim CEO. He will not receive separate director compensation while serving as interim CEO.
Effective December 1, 2025, Thomas J. Folliard will serve as Interim Executive Chair. Mr. McCreight will step down from the Compensation and Personnel Committee; Shira Goodman will join the Committee and Mark O’Neil will serve as chair. CarMax also furnished a press release announcing preliminary third-quarter expectations and these changes.
Insider purchase disclosed: A Form 4 filed for Mark F. ONeil, a director of CarMax Inc. (KMX), shows he purchased 10,816 shares of CarMax common stock on
CarMax, Inc. (KMX) director Mitchell D. Steenrod reported a purchase of 2,000 shares of CarMax common stock on 10/02/2025 at a price of $45.57 per share. After the transaction, the reporting person beneficially owned 38,330 shares, held directly. The Form 4 was filed and signed by an attorney-in-fact on 10/03/2025. The filing discloses only this non-derivative purchase and does not include derivative transactions, amendments, or additional remarks.
CarMax (KMX) reported interim results showing mixed operating strength and credit pressure. Operating cash flow improved to $1.09 billion for the first six months of fiscal 2026 versus $501.4 million a year ago, while inventory declined to $3.15 billion as the company right-sized stock. CarMax Auto Finance (CAF) services ~1.1 million accounts in a $17.69 billion loan portfolio. Credit deterioration drove a higher provision for loan losses of $142.2 million in Q2 and $243.9 million year-to-date, raising the allowance to 3.02% of loans. Liquidity appears supported by available revolver capacity, a $700 million term loan at 5.36% and a $2.0 billion repurchase authorization (about $1.56 billion remaining). A subsequent non-prime securitization sold ~$930 million of loans with an expected gain of $25–30 million.
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