Company: KMX
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001170010-25-000024
Chunk: 137

Company: CARMAX INC
Filing Date: 2025-04-11
Form: 10-K
Item: Item 8
Chunk 137
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 915,122 677,783 Initial weighted average grant date fair value per share$67.22 $70.69 $91.14 Payments (before payroll tax withholdings) uponvesting (in millions)$42.8 $39.0 $67.1 Realized tax benefits (in millions)$10.6 $9.7 $16.8 Expected Cash Settlement Range Upon Restricted Stock Unit Vesting As of February 28, 2025(In thousands)Minimum (1)Maximum (1)Fiscal 2026$36,858 $98,288 Fiscal 202725,528 68,074 Fiscal 202812,901 34,404 Total expected cash settlements$75,287 $200,766  (1)Net of estimated forfeitures.Stock-Settled Market Stock Unit Activity  Weighted  Average Number ofGrant Date(Units in thousands)UnitsFair ValueOutstanding as of February 29, 2024383 $123.73 Stock units granted239 95.80 Stock units vested and converted(79)174.06 Stock units cancelled(18)104.11 Outstanding as of February 28, 2025525 $104.12 Stock-Settled Market Stock Unit InformationYears Ended February 28 or 29202520242023Stock units granted238,865 186,678 140,743 Weighted average grant date fair value per share$95.80 $99.86 $125.37 Realized tax benefits (in millions)$0.8 $2.3 $2.9 

79

14.  NET EARNINGS PER SHARE

 Basic and Dilutive Net Earnings Per Share Reconciliations Years Ended February 28 or 29(In thousands except per share data)202520242023Net earnings$500,556 $479,204 $484,762 Weighted average common shares outstanding155,330 158,216 158,800 Dilutive potential common shares:   Stock options372 272 688 Stock-settled restricted stock units359 219 283 Weighted average common shares and dilutive   potential common shares156,061 158,707 159,771 Basic net earnings per share$3.22 $3.03 $3.