{"schema_version":"secwatch.filing_event.v1","accession":"0001170010-25-000129","form_type":"8-K","ticker":"KMX","cik":"0001170010","company_name":"CARMAX INC","filed_at":"2025-12-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.924455+00:00","generated_at":"2026-05-16T12:42:35.900268+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"CarMax Q3 EPS $0.43 vs $0.81; CEO replaced; retail units down 8%","bullets":["David McCreight named Interim President and CEO; Tom Folliard named Interim Executive Chair. Search for permanent CEO underway.","Q3 EPS $0.43 vs $0.81 YoY; net earnings $62.2M, down 50%; revenue $5.79B, down 6.9%.","Retail used unit sales down 8.0% (comparable store -9.0%); gross profit per retail unit $2,235, down $71 from record.","SG&A up 1% to $581.4M incl. restructuring; on track for $150M exit rate savings by end FY2027.","Repurchased $201.6M in shares; CAF income up 9.3% to $174.7M, boosted by $27M gain on securitization."],"urls":{"canonical":"https://secwatch.observer/filing/0001170010-25-000129","json":"https://secwatch.observer/filing/0001170010-25-000129.json","markdown":"https://secwatch.observer/filing/0001170010-25-000129.md","text":"https://secwatch.observer/filing/0001170010-25-000129.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1170010/000117001025000129/0001170010-25-000129-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1170010/000117001025000129/kmx-20251218.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:42:35.900268+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"}