Company: KMX
Filing Date: 2025-06-26
Form Type: 10-Q
Source: 0001170010-25-000083
Chunk: 4

Company: CARMAX INC
Filing Date: 2025-06-26
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 first 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 ProgramMarch 1 - 31, 2025487,700 $74.22 487,700 $1,900,660,318 April 1 - 30, 20251,247,488 $66.71 1,247,488 $1,817,444,335 May 1 - 31, 20251,217,270 $66.01 1,217,270 $1,737,092,597 Total2,952,458 2,952,458 

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Item 6.    Exhibits

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 Executive Officer Pursuant to 18 U.S.C. Section 1350, filed herewith.32.2Certification of the Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, filed herewith.101.INSXBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.101.SCHXBRL Taxonomy Extension Schema Document101.CALXBRL Taxonomy Extension Calculation Linkbase Document101.DEFXBRL Taxonomy Extension Definition Linkbase Document101.LABXBRL Taxonomy Extension Label