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.
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 EVP and COO Charles Joseph Wilson reported routine equity compensation changes. He received a grant of 22,898 restricted stock units, referred to as market stock units (MSUs), which will convert into shares of CarMax common stock after they vest.
The MSUs vest on May 1, 2029, and the actual shares issued can range from zero up to twice the number of units, depending on performance conditions. On the same date, 1,015 shares of common stock were disposed of at $38.53 per share to cover tax obligations, leaving him with 19,025 common shares held directly.
CarMax EVP and CITO Shamim Mohammad reported routine equity compensation activity involving company stock and restricted stock units. On May 1, 2026, 1,015 shares of CarMax common stock at $38.53 per share were disposed of as a tax-withholding transaction, leaving him with 14,523 common shares held directly.
On the same date, he received a grant of 16,944 restricted stock units, which the company refers to as market stock units (MSUs). These RSUs are scheduled to vest on May 1, 2029. Upon payment, the number of common shares ultimately issued can range from zero up to two times the number of MSUs, depending on plan terms.
Barr Keith reported acquisition or exercise transactions in this Form 4 filing.
CarMax Inc. President and CEO Keith Barr received a grant of 64,114 restricted stock units, described as market stock units (MSUs). These units represent potential future shares of common stock awarded as equity compensation, not an open-market purchase.
The MSUs will vest on May 1, 2029. At payment, the actual number of CarMax common shares issued can range from zero up to two times the 64,114 MSUs, depending on performance conditions and plan terms.
CarMax VP, Controller & PAO Jill A. Livesay reported routine equity compensation activity involving restricted stock units and associated tax withholding. On May 1, 2026, 1,799 restricted stock units vested and were settled in 1,059 shares of CarMax common stock, consistent with the company’s market stock unit formula. To cover tax obligations, 319 shares of common stock were withheld at a price of $38.53 per share. Following these transactions, she directly held 11,275 shares of common stock. Livesay also received new equity awards: 8,029 market stock units that will vest on May 1, 2029, and 5,667 time‑based restricted stock units scheduled to vest in equal one‑third installments on May 1, 2027, 2028, and 2029.
CarMax Inc Schedule 13G shows Vanguard Capital Management reports beneficial ownership of 7,469,311 shares of Common Stock, representing 5.26% of the class. The filing discloses sole voting power for 1,082,547 shares and sole dispositive power for 7,469,311 shares.
The filing is signed by Ashley Grim and dated 04/29/2026.
Vanguard Portfolio Management reported beneficial ownership of 7,352,768 shares of CarMax Inc Common Stock, representing 5.18% of the class as of 03/31/2026. The filing shows sole voting power on 76,496 shares and sole dispositive power over all 7,352,768 shares. The statement clarifies ownership includes shares held for Vanguard funds and managed accounts and is signed on 04/29/2026 by an authorized Vanguard officer.
CarMax, Inc. describes a large, nationwide used-vehicle business built on no‑haggle pricing, an omni‑channel platform, and in‑house financing. The company operates 256 used car stores across 110 U.S. TV markets and sold 780,684 used vehicles at retail in the fiscal year ended February 28, 2026.
CarMax also sold 538,203 vehicles through its wholesale auctions and serviced about 1.0 million customer accounts in a $16.37 billion auto loan portfolio as of that date, with CarMax Auto Finance funding 42.4% of retail units. The business is organized into CarMax Sales Operations and CarMax Auto Finance, supported by extensive technology, data science and AI‑enabled tools.
The filing highlights key risks, including intense competition from dealers and online platforms, economic sensitivity, credit and funding risks in CAF, rapid digital and AI evolution, cybersecurity and data privacy threats, regulatory and ESG pressures, and challenges in attracting and retaining nearly 27,800 associates. CarMax outlines a formal cybersecurity program with board‑level oversight and notes it has not experienced material cybersecurity incidents to date.
CarMax, Inc. reported a fourth quarter net loss of $120.7 million, or ($0.85) per diluted share, compared with net earnings of $89.9 million or $0.58 a year earlier. The quarter included a non-cash goodwill impairment charge of $141.3 million and $33.9 million of restructuring charges, which together reduced earnings by $1.19 per share.
Total fourth quarter net sales and operating revenues were $5.95 billion, down 1.0% year over year, as retail used unit sales fell 0.8% and comparable store used unit sales declined 1.9%, while wholesale units grew 3.0%. Total gross profit fell 9.4% to $605.3 million, with retail used gross profit per unit down $207 to $2,115 and wholesale gross profit per unit down $105 to $940.
CarMax Auto Finance income decreased 9.8% to $143.7 million, reflecting lower auto loans outstanding after a prior non‑prime securitization and a higher provision for loan losses of $73.9 million. For fiscal 2026, net earnings were $247.3 million, or $1.68 per diluted share, down from $500.6 million or $3.21 in fiscal 2025. Adjusted net earnings per diluted share for the quarter were $0.34, excluding impairment and restructuring, versus $0.64 a year ago.
CarMax, Inc. disclosed that its Board has nominated William “Bill” Cobb and Jim Kessler to stand for election as new independent directors at the 2026 Annual Meeting. Both will join the company’s non-employee director compensation program, which includes an annual cash retainer and restricted stock units.
Cobb brings more than 30 years of consumer and technology leadership, including as CEO of Frontdoor and former CEO of H&R Block, while Kessler contributes over 20 years of automotive industry experience and currently serves as CEO of RB Global. Activist investor Starboard Value has agreed to withdraw its director nominations in light of constructive engagement and these Board additions.
CarMax Inc ownership filing: The Vanguard Group filed Amendment No. 14 to a Schedule 13G/A reporting that it beneficially owns 0 shares of Common Stock, representing 0% of the class. The filing explains an internal realignment effective January 12, 2026, after which certain Vanguard subsidiaries report holdings separately in reliance on SEC Release No. 34-39538. The filing is signed by Ashley Grim on March 26, 2026.