Company: KMX
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001170010-25-000024
Chunk: 52

Company: CARMAX INC
Filing Date: 2025-04-11
Form: 10-K
Item: Item 5
Chunk 52
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Item 5.  Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.

Our common stock is listed and traded on the New York Stock Exchange under the ticker symbol KMX.  We are authorized to issue up to 350,000,000 shares of common stock and up to 20,000,000 shares of preferred stock.  As of February 28, 2025, there were 153,319,678 shares of CarMax common stock outstanding and we had approximately 2,400 shareholders of record.  As of that date, there were no preferred shares outstanding.

We have not paid any dividends on our common stock and do not plan to pay dividends on our common stock for the foreseeable future.

During fiscal 2025, we did not sell any CarMax equity securities in transactions that were not registered under the Securities Act.

Issuer Purchases of Equity Securities

The following table provides information relating to the company’s repurchase of common stock during the fourth quarter of fiscal 2025.  The table does not include transactions related to employee equity awards or the exercise of employee stock options. 

    Approximate    Dollar Value   Total Numberof Shares that Total NumberAverageof Shares PurchasedMay Yet Be of SharesPrice Paidas Part of PubliclyPurchased UnderPeriodPurchasedper ShareAnnounced Programsthe Programs (1) December 1-31, 2024403,300 $84.59 403,300 $2,001,230,327 January 1-31, 2025414,500 $81.32 414,500 $1,967,525,241 February 1-28, 2025361,000 $84.96 361,000 $1,936,855,522 Total1,178,800  1,178,800   

(1)On October 23, 2018, the board authorized the repurchase of up to $2 billion of our common stock with no expiration date.  In April 2022, the board increased our share repurchase authorization by $2 billion.  Purchases may be made in open market transactions, including through Rule 10b5-1 plans, or privately negotiated transactions at management’s discretion and the timing and amount of repurchases are determined based on share price, market conditions, legal requirements and other factors.