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, 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 10/02/2025 at prices ranging from $46.19 to $46.21. After this transaction he beneficially owned 24,690 shares. The filing was signed on 10/06/2025 by an attorney-in-fact. The filer checked the box indicating individual filing as a director, and provided an explanation that per-share purchase prices varied within the stated range and that detailed allocation by price is available on request.
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.
CarMax, Inc. filed a current report to note that it has released its second quarter fiscal year 2026 results. The company states that it issued a press release on September 25, 2025 announcing these results.
The press release, titled “CarMax Reports Second Quarter Fiscal Year 2026 Results,” is furnished as Exhibit 99.1 and is incorporated by reference into the section covering results of operations and financial condition. No detailed financial figures are included in this report itself; instead, readers are directed to the accompanying press release for the full results.