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 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 10,956 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.
CarMax SVP & Chief Product Officer Tyler Tuite reported the vesting and settlement of previously granted equity awards, acquiring common shares through derivative exercises rather than open-market purchases. On March 22, 2026, 986 and 308 market stock units (MSUs) vested, while 492 and 154 MSUs were forfeited under prior grants. These vested MSUs entitle Tuite to 611 and 195 shares of CarMax common stock, respectively, for a total of 806 shares to be settled. The MSUs will be settled in common stock, but the 611 and 195 shares will not be distributed to Tuite until at least six months after March 22, 2026. Following these transactions, Tuite holds 1,664 shares of CarMax common stock directly.
CarMax director David W. McCreight reported compensation-related equity activity. On March 16, 2026, he exercised 30,558 restricted stock units, receiving the same number of shares of CarMax common stock. The RSUs represented a grant where each unit converted into one share.
Of these acquired shares, 11,423 shares of common stock were surrendered to cover tax obligations associated with the vesting, a non-market disposition. Following these transactions, McCreight directly held 35,834 shares of CarMax common stock.
Footnotes state he had been granted 91,673 RSUs on December 26, 2025. The 30,558 RSUs that vested did so when he ceased serving as CarMax’s Interim President and Chief Executive Officer on March 16, 2026, while the remaining 61,085 RSUs from that grant were forfeited.
CarMax President and CEO Keith Barr reported equity awards consisting of stock options and common shares. He received stock options for 54,025 shares of common stock at an exercise price of $41.71 per share, expiring on March 16, 2033. The options vest in four equal annual installments on March 16 of 2027, 2028, 2029, and 2030 and were granted in tandem with stock appreciation rights that may provide cash value after a change in control. He was also granted 23,975 shares of common stock, bringing his direct holdings of common stock to 23,975 shares following the award.