CarMax Inc. filings document formal disclosures for a NYSE-listed used-vehicle retailer with common stock trading under KMX. Recent Form 8-K reports furnish earnings releases covering operating results, retail and wholesale vehicle sales, gross profit per unit, expenses, restructuring charges, extended protection plan margins, vehicle sourcing and CarMax Auto Finance activity.
The company’s regulatory record also covers governance and compensation matters, including executive appointments, board changes, severance agreements, equity incentive arrangements and annual meeting voting results. Shareholder votes address director elections, auditor ratification, executive compensation and shareholder proposals, while current reports identify material events and related exhibits.
CarMax, Inc. appointed Darren W. Woodell as vice president, controller and chief accounting officer, effective November 11, 2026. He will assume the principal accounting officer responsibilities from Enrique N. Mayor-Mora, who will remain executive vice president and chief financial officer. Woodell has served as vice president and controller at Genworth Financial since February 2024.
Under his offer letter, Woodell will receive an annual base salary of $385,000 and a $175,000 corporate bonus paid in May 2027. He will be eligible for a future annual incentive target equal to 50% of his base salary.
CarMax, Inc. (KMX) recorded second-quarter fiscal 2027 net sales of $7,877.9 million, up 19.5% year over year, and net earnings of $165.3 million, up 73.3%; diluted earnings per share were $1.16, up 81.3%. Used unit sales increased 13.8% and wholesale unit sales increased 15.9%. At the same time, used gross profit per unit declined 5.0% and wholesale gross profit per unit declined 13.6%.
CarMax Auto Finance income rose 32.1% to $135.6 million. A second-quarter non-prime securitization resulted in the sale of approximately $596 million of auto loans for cash and beneficial interests, with a $16.6 million gain net of transaction expenses. Six-month operating cash flow was $900.5 million, compared with $1,085.0 million a year earlier. Management intends to resume share repurchases in fiscal 2027's third quarter at a modest pace below the average quarterly pace before the pause; timing and amount depend on market conditions, leverage and capital needs. CarMax remains on track for $200 million in fiscal 2027 exit-rate SG&A savings, with approximately $6 million of severance expense expected in the third quarter and the full impact of savings expected in fiscal 2028.
CarMax, Inc. reported second-quarter fiscal 2027 revenue of $7.9 billion, up 19.5% year over year, and 387,735 combined retail and wholesale unit sales, up 14.7%, for the quarter ended August 31, 2026. Net earnings were $165.3 million, up 73.3%, and diluted EPS was $1.16 versus $0.64. Gross profit rose 11.4% to $799.5 million, while retail used-vehicle gross profit per unit fell $111 to $2,105 and wholesale gross profit per unit fell $135 to $858.
CarMax Auto Finance income increased 32.1% to $135.6 million. SG&A rose 4.6% to $628.6 million, while SG&A per total unit declined $157 to $1,621. Six-month operating cash flow was $900.523 million versus $1,085.037 million in the prior-year period. No shares were repurchased in Q2; the company plans to resume repurchases at a modest level in fiscal Q3, with $1.31 billion remaining under authorization as of August 31, 2026. CarMax will host a virtual Strategic Update on November 3 at 8:00 a.m. ET.
AQR Capital Management, LLC and its parent AQR Capital Management Holdings, LLC report their beneficial ownership of CarMax Inc. common stock on an amended Schedule 13G. They report beneficial ownership of 6,622,794 shares, representing 4.67% of the outstanding common stock.
Both entities report no sole voting or dispositive power. They report shared voting power over 6,492,745 shares and shared dispositive power over all 6,622,794 shares. The filing states that the ownership is of 5 percent or less of the class. AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC.
CarMax, Inc. announced that Executive Vice President and Chief Innovation and People Officer Diane Cafritz will leave the company effective December 31, 2026. Under Section 7.3 of her Severance Agreement, she is eligible for a cash payment equal to 1.5 times the sum of her annual base salary and target annual bonus. An amendment to this agreement removes the target bonus component from that 1.5x calculation and instead makes her eligible to receive her full-year actual fiscal 2027 annual bonus under the company’s Annual Performance-Based Bonus Plan.
CarMax and Ms. Cafritz also entered into a Consulting Agreement under which she will provide services from January 1, 2027 through June 30, 2027. In return, she will receive compensation equal to half of her current annual base salary, totaling $360,500 for the six-month term. The agreement also extends by six months the existing non-solicitation and non-competition covenants, so they will run for two and a half years from her departure date. The amendment to the Severance Agreement and the Consulting Agreement are filed as Exhibits 10.1 and 10.2.
KESSLER JAMES FRANCIS reported acquisition or exercise transactions in this Form 4 filing.
CarMax Inc director James Francis Kessler received a grant of 3,696 shares of CarMax common stock. The award was recorded at a price of $0.00 per share, indicating it was compensation rather than an open-market purchase. Following this grant, he directly holds 3,696 shares.
CarMax Inc. director Robert O’Shaughnessy received a stock grant under the company’s compensation program. On June 26, 2026, he acquired 3,696 shares of CarMax common stock at $0.00 per share as a grant, award, or other acquisition, bringing his directly held position to 3,696 shares. This is a non-market, compensation-related award rather than an open-market purchase.
COBB WILLIAM C reported acquisition or exercise transactions in this Form 4 filing.
CarMax director William C. Cobb reported a compensation-related stock award rather than an open-market trade. On June 26, 2026, he received 3,696 shares of CarMax common stock at $0.00 per share, increasing his direct holdings to 3,696 shares.
The filing also lists 300 shares of common stock held indirectly through the William & Carole Cobb 2000 Family Trust. This Form 4 reflects an equity grant and existing indirect holdings, not a purchase or sale in the market.
CarMax director Mark F. O’Neil reported a stock award of 3,696 shares of CarMax common stock. The shares were acquired as a grant or award at a stated price of $0.00 per share, increasing his direct holdings to 33,186 shares of common stock.
In addition to these directly held shares, he is reported to have indirect ownership of 16,684 shares held by his spouse’s revocable trust and 4,800 shares held by The Mark F. O’Neil Family Irrevocable GST Trust. These entries reflect how his overall CarMax equity interest is split between direct and trust-related holdings.