Company: KMX
Filing Date: 2025-12-23
Form Type: 10-Q
Source: 0001170010-25-000131
Chunk: 4

Company: CARMAX INC
Filing Date: 2025-12-23
Form: 10-Q
Item: Item 2
Chunk 4
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Item 2.    Unregistered Sales of Equity Securities and Use of Proceeds

In April 2022, the board authorized the repurchase of up to $2 billion of our common stock with no expiration date.  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 stock price, market conditions, legal requirements and other factors.  Shares repurchased are deemed authorized but unissued shares of common stock.

The following table provides information relating to the company’s repurchase of common stock for the third quarter of fiscal 2026.  The table does not include transactions related to employee equity awards or exercise of employee stock options.

ApproximateDollar ValueTotal Numberof Shares thatTotal NumberAverageof Shares PurchasedMay Yet Beof SharesPrice Paidas Part of PubliclyPurchased UnderPeriodPurchasedper ShareAnnounced Programthe ProgramSeptember 1 - 30, 20251,233,235 $54.97 1,233,235 $1,489,266,226 October 1 - 31, 20251,610,000 $44.18 1,610,000 $1,418,132,092 November 1 - 30, 20251,770,000 $35.42 1,770,000 $1,355,433,756 Total4,613,235 4,613,235 

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Item 6.    Exhibits

10.1Form of Notice of Performance Stock Unit Grant between CarMax, Inc. and certain named and other executive officers, effective October 22, 2025, filed herewith.10.2Form of Notice of Market Stock Unit Grant between CarMax, Inc. and certain named and other executive officers, effective October 22, 2025, filed herewith.10.3Form of Notice of Restricted Stock Unit Grant between CarMax, Inc. and certain employee directors of the CarMax, Inc. board of directors, effective October 30, 2025, filed herewith.31.1Certification of the Chief Executive Officer Pursuant to Rule 13a-14(a), filed herewith.31.2Certification of the Chief Financial Officer Pursuant to Rule 13a-14(a), filed herewith.32.1Certification of the Chief