{"schema_version":"secwatch.filing_event.v1","accession":"0001170010-25-000125","form_type":"8-K","ticker":"KMX","cik":"0001170010","company_name":"CARMAX INC","filed_at":"2025-11-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.924266+00:00","generated_at":"2026-05-16T23:22:57.277444+00:00","sec_items":["2.02","5.02","7.01","8.01","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"CarMax terminates CEO Nash, appoints McCreight interim; Q3 prelim comp sales down 8-12%","bullets":["CEO Bill Nash terminated effective Dec 1, 2025; Board appoints director David McCreight as interim CEO.","Tom Folliard named Interim Executive Chair; search for permanent CEO underway with Russell Reynolds.","Preliminary Q3 FY2026: comparable store used unit sales decrease 8-12%; net EPS $0.18-$0.36 including $0.09 non-recurring charges.","Preliminary results impacted by decline in retail unit sales, wholesale depreciation, increased marketing spend.","CarMax Auto Finance loan loss provision trending in line with Q2 expectations."],"urls":{"canonical":"https://secwatch.observer/filing/0001170010-25-000125","json":"https://secwatch.observer/filing/0001170010-25-000125.json","markdown":"https://secwatch.observer/filing/0001170010-25-000125.md","text":"https://secwatch.observer/filing/0001170010-25-000125.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1170010/000117001025000125/0001170010-25-000125-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1170010/000117001025000125/kmx-20251104.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T23:22:57.277444+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}