Company: KMX
Filing Date: 2025-05-08
Form Type: DEF 14A
Source: 0001170010-25-000073
Chunk: 1

Company: CARMAX INC
Filing Date: 2025-05-08
Form: DEF 14A
Chunk 1
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 and participate in the virtual meeting online, including voting shares and submitting questions. Instructions and information on how to participate in the meeting can be found on page 69of the proxy statement.

We also are pleased to furnish proxy materials to shareholders primarily over the internet. On or about May 8, 2025, we mailed our shareholders a Notice of Internet Availability of Proxy Materials containing instructions on how to access our proxy statement and annual report and to vote online. Internet distribution of our proxy materials expedites receipt by shareholders, lowers the cost of the annual shareholders meeting, and conserves natural resources. However, if you would prefer to receive paper copies of our proxy materials, please follow the instructions included in the Notice of Internet Availability of Proxy Materials.

Whether or not you will be attending our virtual annual shareholders meeting, your vote is very important to us. I encourage you to cast your ballot by internet, by telephone, by mail (if you request a paper copy), or during the annual shareholders meeting.

Thank you for your continued trust in CarMax.

Sincerely,

Thomas J. Folliard

Chair of the Board of Directors

May 8, 2025

#### NOTICE OF 2025 ANNUAL MEETING OF SHAREHOLDERS
| When:              
 Where:             |     |                                                              Tuesday, June 24, 2025, at 1:00 p.m., Eastern Time 
 This year’s meeting is a virtual annual shareholders meeting held at: www.virtualshareholdermeeting.com/KMX2025 |     |                                                                                                                                            |
|:-------------------|:----|----------------------------------------------------------------------------------------------------------------:|:----|:-------------------------------------------------------------------------------------------------------------------------------------------|
| Items of Business: |     |                                                                                                              -1 |     | To elect the ten directors named in the proxy statement to our Board of Directors.                                                         |
|                    |     |                                                                                                              -2 |     | To ratify the appointment of KPMG LLP as our independent registered public accounting firm.                                                |
|                    |     |                                                                                                              -3 |     | To vote, on an advisory basis, to approve the compensation of our named executive officers.                                                |
|                    |     |                                                                                                              -4 |     | To vote on the shareholder proposal described in the accompanying Proxy Statement, if properly presented at the meeting.                   |
|                    |     |                                                                                                              -5 |     | To transact any other business that may properly come before the annual shareholders meeting or any postponements or adjournments thereof. |
| Who May Vote:      |     |