Nov 3, 8:07 AM ET
CarMax held a virtual Strategic Update on November 3, 2026, presenting a multi-year plan called Shift into GEAR and a financial framework through fiscal 2030. The company targets mid-single-digit used retail unit growth and mid-teens adjusted EPS growth, using fiscal 2026 adjusted EPS of $2.91 as the base, while maintaining a strong balance sheet and returning excess capital to shareholders. The filing contains targets rather than reported results, and it notes that Tier 2 lending expansion will pressure near-term auto finance income.
- Targets mid-single-digit used retail unit CAGR and mid-teens adjusted EPS CAGR through fiscal 2030, using fiscal 2026 as the base
- FY26 adjusted EPS of $2.91 is the base for the EPS CAGR target
- Company expects $200 million run-rate savings exiting fiscal 2027 and plans CapEx of about $500 million per year starting in fiscal 2028
- Tier 2 expansion is expected to pressure CarMax Auto Finance income in the near term due to upfront loss provisioning
Read the filing on SEC.gov ↗
Oct 19, 4:14 PM ET
CarMax appointed Darren W. Woodell as Vice President, Controller and Chief Accounting Officer, effective November 11, 2026, taking over principal accounting officer duties from Enrique N. Mayor-Mora, who remains Executive Vice President and Chief Financial Officer. The filing also details Woodell's compensation, including a $385,000 base salary and a $100,000 sign-on bonus, which is a routine accounting-leadership change with no change to the CFO role.
- Darren W. Woodell, 50, most recently served as Vice President and Controller at Genworth Financial since February 2024.
- Effective date is November 11, 2026; Enrique N. Mayor-Mora stays as Executive Vice President and CFO.
- Compensation includes a $385,000 annual base salary, a $100,000 sign-on bonus, and stock-settled RSUs valued at $330,000 vesting on the third anniversary of grant.
Read the filing on SEC.gov ↗
Sep 29, 7:00 AM ET
CarMax reported second-quarter fiscal 2027 results for the period ended August 31, 2026, with total net revenues up 19.5% to $7.9 billion and net earnings of $165.3 million, or $1.16 per diluted share, versus $0.64 a year earlier. The company said it plans to resume share repurchases in the third fiscal quarter and will hold a Strategic Update on November 3, 2026.
- Total net revenues rose 19.5% to $7.9 billion; net earnings rose 73.3% to $165.3 million
- Diluted EPS of $1.16 versus $0.64 a year ago, an increase of 81.3%
- Gross profit per retail used unit fell $111 to $2,105 amid pricing actions to support sales
- Plans to resume share repurchases in Q3 fiscal 2027; $1.31 billion remained under the authorization as of August 31, 2026
Read the filing on SEC.gov ↗
Jul 31, 4:14 PM ET
CarMax said Executive Vice President and Chief Innovation and People Officer Diane Cafritz will leave the company effective December 31, 2026. She will provide consulting services from January 1, 2027 to June 30, 2027, for $360,500, and her severance terms were amended.
- Departure effective December 31, 2026, announced July 31, 2026
- Severance formula changed to 1.5 times base salary plus full-year actual fiscal 2027 annual bonus, replacing target bonus
- Consulting agreement runs January 1, 2027 to June 30, 2027, paying $360,500 in total
- Non-solicitation and non-compete terms extended by six months
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.