CARMAX INC: insider trades · United States · SEC (Form 4)

About CARMAX INC

CarMax Inc. (ticker: KMX) is a U.S.-listed company on the NYSE in the United States. It is the largest retailer of used cars in the country and has built its brand around a transparent, no-haggle buying and selling experience. The company was founded in 1993 in Richmond, Virginia, and its origin story is closely tied to the idea of simplifying used-car retail through a more customer-friendly, standardized pricing model. That founding philosophy still shapes the business today. ([media.carmax.com](https://media.carmax.com/press-releases/news-release/2013/CarMax-Dedicates-First-Store-to-Founder/default.aspx?utm_source=openai)) CarMax operates an integrated used-vehicle platform with three core operating pillars: retail used-car sales, wholesale vehicle auctions, and auto finance through CarMax Auto Finance (CAF). This structure allows the company to monetize the vehicle lifecycle from sourcing and reconditioning to retail sale, trade-in acquisition, wholesale disposal, and lending. CarMax’s official investor materials and recent SEC filing show a national footprint of more than 250 store locations, supported by customer experience centers, digital and technology hubs, and a home office in Richmond. The company also emphasizes its omnichannel model, combining online tools with physical retail stores. ([carmax.com](https://www.carmax.com/about-carmax?msockid=09f24314492e60e50eaa55a6489b6109&utm_source=openai)) From a competitive standpoint, CarMax holds a leading position in a highly fragmented U.S. used-car market. Scale matters in this business: the company has the purchasing power, logistics network, reconditioning capability, and brand recognition to differentiate itself from smaller independent dealers. It is also one of the nation’s largest operators of wholesale vehicle auctions and one of the largest providers of used-vehicle financing in the United States, which strengthens its strategic moat and supports a more diversified earnings profile. ([investors.carmax.com](https://investors.carmax.com/ir-home/?utm_source=openai)) CarMax’s key offerings include certified and reconditioned used vehicles, vehicle acquisition from consumers, trade-ins, wholesale auction services, extended protection plans, service and maintenance-related revenue, and retail auto loans. The financing arm is strategically important because it helps improve conversion and customer retention while generating recurring finance income. In fiscal 2026, CarMax reported 538,203 wholesale vehicles sold and said it was servicing approximately 1.0 million customer accounts in a $16.37 billion auto-loan portfolio as of February 28, 2026. It also disclosed that CAF financed 42.4% of its retail used-vehicle unit sales in fiscal 2026. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1170010/000117001026000021/kmx-20260228.htm?utm_source=openai)) Geographically, the business is overwhelmingly U.S.-focused, with stores across many states and major markets nationwide. Its headquarters remain in Richmond, Virginia, which is also where the company’s digital and technology innovation functions are anchored. Recent highlights include a strong first quarter of fiscal 2026, reported in June 2025, with higher retail unit sales, stronger gross profit, and improved earnings per share. Management also said it expanded its non-prime funding program within CAF, signaling an effort to broaden financing capacity while managing credit risk. For investors, CarMax remains a cyclical consumer-discretionary and distribution name with a resilient national platform, but its performance still depends on used-car demand, vehicle sourcing, credit conditions, and broader U.S. auto-market trends. ([media.carmax.com](https://media.carmax.com/press-releases/news-release/2025/CarMax-Reports-First-Quarter-Fiscal-Year-2026-Results/default.aspx?utm_source=openai))