CarMax announced that Executive Vice President and Chief Innovation and People Officer Diane Cafritz will depart the company effective December 31, 2026. Her severance package was amended to replace a target bonus calculation with her actual fiscal year 2027 annual bonus under the Company’s Annual Performance-Based Bonus Plan. Additionally, Ms. Cafritz entered into a six-month consulting agreement commencing January 1, 2027, receiving $360,500 in aggregate compensation for services rendered through June 30, 2027. The departure extends non-solicitation and non-competition covenants to expire two and a half years from her exit date. CarMax operates as the largest used vehicle retailer in the United States.

CarMax, Inc. and its subsidiary, CarMax Auto Superstores, Inc., entered into a $500,000,000 term loan credit agreement with MUFG Bank, Ltd. on June 15, 2026. The facility matures on June 15, 2029, and proceeds were utilized to pay down borrowings under a $2.0 billion unsecured revolving credit facility and for general corporate purposes. The agreement includes a consolidated net leverage ratio covenant of 3.75 to 1.00 and a consolidated interest and rent coverage ratio of at least 2.00 to 1.00. Interest rates are based on Daily SOFR or a Base Rate plus an applicable margin. CarMax, Inc. is an automotive retailer.

CarMax, Inc. announced that Jill Livesay, Vice President, Controller and Principal Accounting Officer, will retire effective July 31, 2026. Enrique N. Mayor-Mora, Executive Vice President and CFO, will assume the role of principal accounting officer upon her retirement.

CarMax, Inc. has announced its fourth quarter and fiscal year 2026 financial results via a formal press release. This announcement is a key event for investors as it provides the company's latest annual performance metrics and financial standing.

CarMax, Inc. has released its third quarter fiscal year 2026 financial results via a formal press release. This announcement is a key event for investors as it provides the company's latest quarterly performance data and updates on its financial health.