KMX news

Carmax reported record Q2 net revenues of $7.9B with strong EPS growth driven by higher unit sales. The company announced plans to resume share repurchases as it focuses on its Shift into GEAR strategy.

CarMax Select Receivables Trust 2026-C executed an Amended and Restated Trust Agreement with the Owner Trustee. This event marks a key governance step for the asset-backed securitization expected to be backed by retail auto installment contracts.

CarMax Inc. has restated and amended its 2002 Stock Incentive Plan effective June 23, 2026. This document outlines the restated plan details and is a standard corporate governance update with no immediate financial impact.

CarMax reported first quarter fiscal 2027 results with net revenues of $8.0 billion, up 6.2% year-over-year, alongside a new four-pillar growth strategy announced by CEO Keith Barr. Net earnings per diluted share decreased to $1.31 from $1.38 as pricing actions to boost sales offset margin gains, wh…

CarMax Auto Funding LLC completed an asset-backed notes issuance through CarMax Select Receivables Trust 2026-B on June 16, 2026, with Wilmington Trust as owner trustee. The securitization was registered on Form SF-3 and involves the pooling of auto receivables to fund CarMax's operations.

CarMax Business Services and CarMax Auto Funding entered into an underwriting agreement on June 9, 2026 to issue $569.997 million in asset-backed notes through CarMax Select Receivables Trust 2026-B. The offering represents a capital raise for the auto finance subsidiary of CarMax, a major used car …