CARMAX INC reported first quarter ended May 31, 2026 results: revenue $8.0 billion, EPS $1.31.
“strategic framework with the objective of delivering strong unit and earnings growth that enables CarMax to consistently reward shareholders. • Net revenues rose 6.2% to $8.0 billion. • Combined retail and wholesale unit sales of 392,357, an increase of 3.3%. • Retail used unit sales increased slightly and comparable store used unit sales declined 0.8%; gross”
Debt Financings
CARMAX INC incurred term loan of $500,000,000 with MUFG Bank, Ltd. at Daily SOFR rate or a Base Rate, plus an applicable margin maturing June 15, 2029.
“On June 15, 2026, CarMax, Inc. (the “Company”) and CarMax Auto Superstores, Inc. (“CASI” or the “Borrower”) entered into a term loan credit agreement (the “Credit Agreement”) with MUFG Bank, Ltd. (“MUFG”), as lender and as administrative agent, and the other lenders party thereto. The Credit Agreement provides for a term loan facility under which the Borrower has borrowed term loans in an aggregate principal amount of $500,000,000 (the “Term Loan Facility”).”
Enrique N. Mayor-Mora was appointed as Executive Vice President and Chief Financial Officer at CARMAX INC.
“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 departed as Vice President, Controller and Principal Accounting Officer at CARMAX INC.
“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.”
Mitchell Steenrod departed as Director at CARMAX INC.
“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.”
Shira Goodman departed as Director at CARMAX INC.
“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.”
Robert T. O'Shaughnessy was appointed as Director at CARMAX INC.
“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”).”
Earnings Releases
CARMAX INC reported the fourth quarter and fiscal year ended February 28, 2026 results: EPS ($0.85) versus $0.58 a year ago. Guidance raised.
“Net (loss) earnings per diluted share of ($0.85) versus $0.58 a year ago, as the quarter was negatively impacted by $0.99 related to a non-cash goodwill impairment and $0.20 of restructuring charges.”
James Lyski departed as Executive Vice President and Chief Growth and Strategy Officer at CARMAX INC.
“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.”
Governance Changes
CARMAX INC: Amended and restated Bylaws to enable holders of at least 20% of common stock to call a special meeting, subject to requirements (effective 2025-01-28).
“On January 28, 2025, the Board amended and restated the Company’s Bylaws (the “Amended Bylaws”), effective immediately, to enable shareholders of record who own at least 20% of the Company’s common stock to call a special meeting of shareholders, subject to certain notice, information and other requirements set forth in the Amended Bylaws.”
Ronald E. Blaylock departed as Director at CARMAX INC.
“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.”
Earnings Releases
CARMAX INC reported fourth quarter and fiscal year ended February 29, 2024 results: revenue $5.6 billion, EPS $0.32.
“April 11, 2024 – CarMax, Inc. (NYSE:KMX) today reported results for the fourth quarter and fiscal year ended February 29, 2024. Fourth Quarter Highlights : • Net revenues were $5.6 billion, down 1.7% compared with the prior year fourth quarter. • Retail used unit sales increased 1.3% and comparable store used unit sales increased 0.1% from the prior year’s fourth”
Earnings Releases
CARMAX INC reported the third quarter ended November 30, 2023 results: revenue $6.1 billion, EPS $0.52.
“Net revenues were $6.1 billion, down 5.5% compared with the prior year third quarter.”
Governance Changes
CARMAX INC: Amended and restated Bylaws to adopt universal proxy rules, clarify chair's power to adjourn meetings, and make other technical updates (effective 2023-10-24).
“On October 24, 2023, the Board of Directors (the “Board”) of CarMax, Inc. (the “Company”) amended and restated the Company’s Bylaws (the “Amended Bylaws”), effective immediately, to, among other things: • address the adoption of the universal proxy rules adopted by the U.S. Securities and Exchange Commission and related requirements (the “Universal Proxy Rules”), including to require evidence of compliance with the Universal Proxy Rules, provide that the Company shall disregard a shareholder nomination if the nominating shareholder fails to comply with the Universal Proxy Rules, and specify the color of proxy cards reserved for use by the Company; • clarify that the chair of a meeting of shareholders has the power to recess or adjourn any meeting; and • make various other updates, including technical, clarifying and conforming changes.”
Earnings Releases
CARMAX INC reported second quarter ended August 31, 2023 results: revenue $7.1 billion, EPS $0.75.
“2024 RESULTS Richmond, Va., September 28, 2023 – CarMax, Inc. (NYSE:KMX) today reported results for the second quarter ended August 31, 2023. Highlights : • Net revenues were $7.1 billion, down 13.1% compared with the prior year second quarter. • Retail used unit sales decreased 7.4% and comparable store used unit sales declined 9.0% from the prior year’s second”
Shareholder Votes
CARMAX INC shareholders approved Approval of CarMax, Inc. 2002 Stock Incentive Plan, as amended and restated at the 2023-06-27 meeting.
“The shareholders approved the CarMax, Inc. 2002 Stock Incentive Plan, as amended and restated, pursuant to the vote set forth below.”
Shareholder Votes
CARMAX INC shareholders approved Advisory vote on frequency of future advisory votes on executive compensation at the 2023-06-27 meeting.
“The shareholders voted as follows regarding the advisory vote as to the frequency of future advisory votes on the compensation of our named executive officers.”
Shareholder Votes
CARMAX INC shareholders approved Non-binding advisory resolution on compensation of named executive officers at the 2023-06-27 meeting.
“The shareholders approved the non-binding advisory resolution related to the compensation of our named executive officers pursuant to the vote set forth below.”
Shareholder Votes
CARMAX INC shareholders approved Ratification of selection of KPMG LLP as independent registered public accounting firm at the 2023-06-27 meeting.
“The shareholders ratified the selection of KPMG LLP as the Company’s independent registered public accounting firm for fiscal year 2024 pursuant to the vote set forth below.”
Shareholder Votes
CARMAX INC shareholders approved Election of Directors at the 2023-06-27 meeting.
“The shareholders elected the following directors to the Board, each for a one-year term expiring at the 2024 Annual Meeting of Shareholders, pursuant to the vote set forth below.”
Earnings Releases
CARMAX INC reported first quarter ended May 31, 2023 results: revenue $7.7 billion, EPS $1.44.
“FISCAL 2024 RESULTS Richmond, Va., June 23, 2023 – CarMax, Inc. (NYSE:KMX) today reported results for the first quarter ended May 31, 2023. Highlights : • Net revenues were $7.7 billion, down 17.4% compared with the prior year first quarter. • Retail used unit sales declined 9.6%, and comparable store used unit sales declined 11.4%, each from the prior year’s”
Earnings Releases
CARMAX INC reported financial results for the fourth quarter and fiscal year ended February 28, 2023.
“CarMax, Inc. (the “Company”) issued a press release on April 11, 2023, announcing its fourth quarter and fiscal year 2023 results. The press release is being furnished as Exhibit 99.1 hereto and is incorporated by reference into this Item 2.02.”
Earnings Releases
CARMAX INC reported third quarter ended November 30, 2022 results: revenue $6.5 billion, EPS $0.24.
“Net revenues of $6.5 billion, down 23.7% compared with the prior year third quarter.”
Charles Joseph Wilson was appointed as Executive Vice President and Chief Operating Officer at CARMAX INC.
“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.”
Robert J. Hombach departed as Director at CARMAX INC.
“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.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.