Carmax INC
Market Movers (8-K)
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Carmax INCCarMax announces the departure of its Executive Vice President and Chief Innovation and People Officer, Diane Cafritz, effective December 31, 2026, with a new consulting agreement in place.
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Carmax INCCarMax shareholders approved an amended stock incentive plan and re-elected the board of directors at the 2026 annual meeting.
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Carmax INCCarMax announced first quarter fiscal 2027 results, with net revenues up 6.2% to $8.0 billion, alongside a new four-pillar growth strategy.
Worse than expected
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Carmax INCCarMax announces the retirement of its Vice President, Controller and Principal Accounting Officer, Jill Livesay, effective July 31, 2026, with EVP and CFO Enrique N. Mayor-Mora assuming the PAO role.
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Carmax INCCarMax intends to add Robert O'Shaughnessy to its Board of Directors, subject to shareholder approval, while Shira Goodman and Mitchell Steenrod will not seek re-election.
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Carmax INCCarMax announced its fourth quarter and fiscal year 2026 results, reporting a net loss per diluted share of ($0.85) due to significant non-cash charges, while also appointing Keith Barr as the new President and CEO.
Worse than expected
Quarterly Earnings (10-Q)
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Carmax INCCarMax reports Q1 fiscal 2027 net earnings of $185.6 million, reflecting a 11.8% year-over-year decline amid ongoing strategic restructuring.
Worse than expected
Capital raise
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Carmax INCCarMax reported a significant 50.4% drop in third-quarter net earnings and announced a CEO transition, alongside strategic shifts to address declining sales and market share.
Capital raise
Worse than expected
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Carmax INCCarMax reported a 28.2% drop in second-quarter net earnings and a 6.0% revenue decrease, driven by lower used vehicle sales and increased loan loss provisions, despite strategic initiatives.
Capital raise
Worse than expected
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Carmax INCCarMax, the nation's largest used vehicle retailer, announced a significant increase in net earnings and diluted earnings per share for the first quarter of fiscal 2026, fueled by higher used unit sales and improved SG&A efficiency, even as its auto finance segment faced increased loan loss provisions.
Capital raise
Better than expected
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Carmax INCCarMax's third-quarter results show a mixed performance with increased unit sales offset by lower average selling prices, while the company continues to focus on its omni-channel strategy and cost efficiencies.
Better than expected
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Carmax INCCarMax's second-quarter results show a slight revenue decrease but improved gross profit, as the company continues to invest in its omni-channel platform and operational efficiencies.
Worse than expected
Annual Reports (10-K)
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Carmax INCCarMax, Inc. announced the appointment of Keith Barr as President and CEO, effective March 16, 2026, alongside its fiscal year 2026 financial results which showed a decrease in net earnings.
Worse than expected
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Carmax INCCarMax's fiscal year 2025 saw a slight revenue decrease but improved gross profit, strategic investments in omni-channel platform, and focus on operational efficiencies.
Worse than expected
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Carmax INCCarMax's fiscal year 2024 results reflect a decrease in revenue and unit sales amidst a challenging used car market, while the company focuses on strategic initiatives and cost management.
Worse than expected
Insider Trading (Form 4)
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Carmax INCForm 4: Carmax Director Acquires Shares
Carmax Inc. Director James Francis Kessler acquired 3,696 shares of common stock on June 26, 2026, as reported in a Form 4 filing.
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Carmax INCForm 4: Carmax Director Acquires Shares
Robert O'Shaughnessy, a Director at Carmax Inc., acquired 3,696 shares of common stock on June 26, 2026.
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Carmax INCForm 4: Carmax Director Acquires Shares
Carmax Inc. Director William C. Cobb acquired 3,696 shares of common stock on June 26, 2026.
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Carmax INCMark F. O'Neil, a Director at Carmax Inc., reported the acquisition of 3,696 shares of common stock on June 26, 2026.
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Carmax INCForm 4: Carmax Director Acquires Shares
Carmax Inc. Director Sona Chawla acquired 3,696 shares of common stock on June 26, 2026.
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Carmax INCCarmax Inc. Director Thomas J. Folliard reported the acquisition of 3,696 shares of common stock on June 26, 2026.
Proxy Statements (Def-14A)
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Carmax INCCarMax, Inc. has scheduled its 2026 Annual Meeting of Shareholders for June 23, 2026, and announced significant leadership transitions, including the appointment of Keith Barr as the new President and CEO.
Worse than expected
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Carmax INCCarMax, Inc. files a definitive proxy statement with the Securities and Exchange Commission.
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Carmax INCCarMax's 2025 proxy statement details the agenda for the annual shareholder meeting, director elections, executive compensation, and a shareholder proposal regarding special meeting rights.
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Carmax INCCarMax, Inc. files its definitive proxy statement with the Securities and Exchange Commission.
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Carmax INCCarMax will hold its annual shareholder meeting virtually on June 25, 2024, to vote on director elections, auditor ratification, and executive compensation.
Worse than expected
Schedule 13G - Passive Investments
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Carmax INCAQR Capital Management, LLC and AQR Capital Management Holdings, LLC have reported a combined beneficial ownership of 10,060,502 shares, representing 7.1% of CarMax Inc.'s common stock as of March 31, 2026.
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Carmax INCSCHEDULE: Vanguard Discloses 5.26% Stake in CarMax
Vanguard Capital Management has reported beneficial ownership of 7,469,311 shares, representing 5.26% of CarMax Inc.'s common stock as of March 31, 2026.
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Carmax INCSCHEDULE: Vanguard Discloses 5.18% Stake in CarMax
Vanguard Portfolio Management has reported a beneficial ownership of 5.18% in CarMax Inc., holding over 7.35 million shares.
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Carmax INCThe Vanguard Group reported a 0% beneficial ownership in CarMax Inc. common stock following an internal realignment that disaggregated reporting of its subsidiaries.
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Carmax INCAQR Capital Management, LLC and its parent company have reported a beneficial ownership of 5.59% of CarMax Inc.'s common stock as of December 31, 2025.
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Carmax INCBlackRock, Inc. has disclosed an 11.4% beneficial ownership stake in CarMax Inc., holding over 16.7 million shares of common stock.