Highest-materiality recent filing
Diane Cafritz, EVP and Chief Innovation and People Officer, will leave CarMax effective December 31, 2026.
CarMax shareholders approve 2002 Stock Incentive Plan amendments, adding 1.842M shares
Shareholders approved amendments to the 2002 Stock Incentive Plan, increasing authorized shares by 1,842,000 to 63,692,000 total.
Net earnings $185.6M ($1.31 diluted EPS) vs $210.4M ($1.38) a year ago; revenue up 6.2% to $8.0B.
CarMax VP & PAO Jill Livesay to retire; CFO Mayor-Mora named successor PAO
Jill Livesay, VP, Controller and PAO, will retire effective July 31, 2026; departure not due to any disagreement.
CarMax nominates Robert O'Shaughnessy to board; Goodman and Steenrod retiring
O'Shaughnessy, former PulteGroup CFO, nominated to CarMax board subject to shareholder approval at 2026 annual meeting.
Net loss of $120.7M ($0.85 EPS) vs. net income of $89.9M ($0.58) a year ago; adjusted EPS $0.34.
CarMax adds Cobb and Kessler to board; Starboard withdraws nominations
CarMax nominates William Cobb (CEO, Frontdoor; former H&R Block CEO) and James Kessler (CEO, RB Global) as new directors for 2026 Annual Meeting.
Amended agreements with Enrique Mayor-Mora, Charles Joseph Wilson, and Shamim Mohammad, effective March 1, 2026.
CarMax names former IHG CEO Keith Barr as President and CEO effective March 16, 2026
Keith Barr appointed President and CEO, effective March 16, 2026; also to Board of Directors.
CarMax Q3 EPS $0.43 vs $0.81; CEO replaced; retail units down 8%
David McCreight named Interim President and CEO; Tom Folliard named Interim Executive Chair. Search for permanent CEO underway.
CarMax terminates CEO Nash, appoints McCreight interim; Q3 prelim comp sales down 8-12%
CEO Bill Nash terminated effective Dec 1, 2025; Board appoints director David McCreight as interim CEO.
CarMax Q2 EPS $0.64 vs $0.85 prior year; revenue down 6% to $6.59B; retail used units -5.4%
Net earnings of $95.4M ($0.64 diluted) vs $132.8M ($0.85) a year ago; revenue fell 6.0% to $6.59B.
Shareholders elected 10 directors including Peter J. Bensen (124.6M for) and Sona Chawla (124.4M for) for one-year terms.
CarMax Q1 EPS $1.38 (+42% YoY); retail used units +9.0%, comp store +8.1%
Net EPS $1.38 vs $0.97 YoY (+42.3%); revenue $7.55B (+6.1%).
CarMax EVP and Chief Growth & Strategy Officer James Lyski to depart June 8
James Lyski, CarMax's EVP and Chief Growth & Strategy Officer, will leave effective June 8, 2025.
CarMax Q4 EPS $0.58 vs $0.32 YoY; revenue $6.0B up 6.7%; retail used units +6.2%
Net earnings per diluted share $0.58 (up 81.3% YoY); net earnings $89.9M.
Ronald E. Blaylock informed company he will not stand for reelection to the Board at 2025 annual meeting; no disagreement.
CarMax Q3 FY2025: EPS $0.81, up 56%; retail used units +5.4%
Net earnings per diluted share $0.81, up 55.8% from $0.52 a year ago; net earnings $125.4M.
CarMax Q2 EPS $0.85 (+13% YoY), retail used units +5.1%; CAF income -14.4%
Retail used unit sales rose 5.1% to 211,020; comparable store sales +4.3%.
CarMax shareholders elect all 11 directors, ratify KPMG, approve say-on-pay at 2024 annual meeting
All 11 director nominees elected; highest votes against were Shira Goodman (11.6M against) and Ronald E. Blaylock (5.1M against).
CarMax Q1 EPS $0.97 vs $1.44; revenue down 7.5%, used units -3.1%
Net earnings per diluted share $0.97 vs $1.44 in prior year Q1; net earnings $152.4M down 33.2%.
CarMax Q4 net revenues $5.6B (-1.7%); EPS $0.32 (-27%); retail used units +1.3%
Net earnings per diluted share $0.32 vs $0.44 in prior year; prior year benefited from $0.08 EPP profit sharing and lower tax rate.
CarMax Q3 net earnings $0.52/sh, up 117%; revenue down 5.5% to $6.1B
Net earnings per diluted share $0.52 vs $0.24 a year ago, up 117%.
CarMax amends bylaws to adopt universal proxy rules and clarify meeting procedures
Adopted universal proxy rules, requiring evidence of compliance and allowing disregard of non-compliant nominations.
CarMax Q2 FY2024 revenue down 13% to $7.1B; EPS $0.75; to resume buybacks
Net revenues $7.1B, down 13.1% YoY; net EPS $0.75 vs $0.79 prior year.
CarMax shareholders approve 2M-share increase to stock incentive plan; re-elect all directors
Shareholders approved amendment increasing shares reserved under Stock Incentive Plan by 2,000,000, extending termination to June 27, 2033.
CarMax Q1 net sales fall 17.4% to $7.7B; diluted EPS $1.44 (incl $0.28 legal benefit)
Net revenues $7.7B, down 17.4% YoY; retail used unit sales down 9.6%, comparable store down 11.4%.
CarMax Q4 net earnings down 57% to $0.44 EPS; revenue falls 25.6% to $5.7B
Q4 net earnings $69M ($0.44 diluted EPS) vs $159.8M ($0.98) a year ago; FY23 EPS $3.03, down 56.5%.
Net earnings per diluted share $0.24 vs $1.63 a year ago; net earnings $37.6M, down 86%.
CarMax appoints Charles Joseph Wilson as EVP and COO
Charles Joseph Wilson named EVP and COO effective Nov. 14, 2022.
CarMax Q2 FY23 net earnings $125.9M, EPS $0.79; retail used units down 6.4%
Net earnings $125.9M (diluted EPS $0.79) vs $285.3M ($1.72) a year ago, down 55.9%.
CarMax annual meeting elects directors, ratifies KPMG, passes say-on-pay
All 11 director nominees elected; David W. McCreight received 118M for / 21M against.
CarMax Q1 FY2023 EPS $1.56, down 40.7% YoY; used car sales decline 11%
Net revenues $9.3B (+21% YoY) driven by higher average selling prices; total unit sales fell 5.5% to 427,257.
CarMax Q4 EPS falls 22.8% to $0.98; board adds $2B to buyback program
Q4 revenue $7.7B (+48.8%); net earnings $159.8M; diluted EPS $0.98, down 22.8% YoY.
CarMax Director Robert J. Hombach Will Not Stand for Re-Election at 2022 Annual Meeting
Robert J. Hombach informed CarMax on March 11, 2022 of his decision not to stand for re-election to the Board.
CarMax increases revolving credit facility by $550M to $2B
Aggregate commitments under credit agreement raised from $1.45B to $2B via accordion feature.
CarMax posts record Q3 revenue $8.5B (+64.5% YoY); EPS $1.63 (+14.8%)
Net earnings per diluted share $1.63, up 14.8% YoY; includes $0.10 one-time benefit from class action settlement.
CarMax: CAF portfolio delinquencies, net losses rose in Oct due to servicing system transition
Delinquencies and net losses increased in October 2021, primarily from transition to new servicing systems.
CarMax enters $700M term loan due 2026 to repay revolver borrowings
Borrowed $700M under term loan facility maturing October 15, 2026.
CarMax Q2 revenues $8.0B (+48.7%), EPS $1.72; record used units 231,797
Net revenues of $8.0B, up 48.7% YoY; combined retail+wholesale units 419,895 (+19.9%).
CarMax COO Edwin Hill to retire Dec 31; Margolin signs consulting agreement
Edwin Hill, EVP and COO, plans to retire effective Dec 31, 2021; duties to be redistributed.
CarMax VP of IR Stacy Frole departs; David Lowenstein takes over
Stacy Frole, VP Investor Relations, has left CarMax.
CarMax Announces Annual Meeting Results and Enhanced Political Contributions Transparency
Elected 12 directors to one-year terms at June 29, 2021 Annual Meeting, with strong support (e.g., Peter J. Bensen received 141M votes for).
On July 31, 2026, CarMax, Inc. (the “Company”) announced that Diane Cafritz, the Company’s Executive Vice President and Chief Innovation and People Officer, will be leaving the Company effective December 31, 2026.
the Company appointed Enrique N. Mayor-Mora, currently serving as the Company’s Executive Vice President and Chief Financial Officer, as the Company’s principal accounting officer (“PAO"), effective upon Ms. Livesay’s retirement.
Jill Livesay, the Vice President, Controller and Principal Accounting Officer of CarMax, Inc. (the “Company"), notified the Company of her plan to retire from the Company effective as of the close of business on July 31, 2026.
On May 12, 2026, CarMax, Inc. (the “Company”) announced that it intends to add Robert T. O’Shaughnessy to the Company’s Board of Directors (the “Board”), subject to shareholder approval at the Company’s 2026 Annual Meeting of Shareholders (the “Annual Meeting”).
Additionally, the Company announced the planned retirements of Shira Goodman and Mitchell Steenrod, each of whom will not stand for re-election at the Annual Meeting.
Additionally, the Company announced the planned retirements of Shira Goodman and Mitchell Steenrod, each of whom will not stand for re-election at the Annual Meeting.
On May 9, 2025, CarMax, Inc. (the “Company”) announced that James Lyski, the Company’s Executive Vice President and Chief Growth and Strategy Officer, will be leaving the Company effective June 8, 2025.
On January 28, 2025, Ronald E. Blaylock, a member of the board of directors (the “Board”) of CarMax, Inc. (the “Company”), informed the Company that he would not stand for reelection as a member of the Board at the Company’s 2025 annual meeting of shareholders.
On November 14, 2022, the CarMax, Inc. (the “Company”) Board of Directors (the “Board”) appointed Charles Joseph Wilson as Executive Vice President and Chief Operating Officer of the Company, effective immediately.
On March 11, 2022, Robert J. Hombach, a member of the board of directors (the “Board”) of CarMax, Inc. (the “Company”), informed the Company that he would not stand for re-election as member of the Board at the Company’s 2022 annual meeting of shareholders.
Edwin J. Hill, the Company's Executive Vice President and Chief Operating Officer, informed the Company on August 6, 2021 of his plan to retire, effective December 31, 2021.
Max materiality 0.85 · Median 0.60 · Most common event earnings