{"url_path":"/sec/kmx/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities and Use of Proceeds","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-06-24","source_url":"https://www.sec.gov/Archives/edgar/data/1170010/0001170010-26-000055-index.html","accession_number":"0001170010-26-000055","cik":"0001170010","ticker":"KMX","issuer_name":"CARMAX INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1170010/0001170010-26-000055-index.html","primary_entity_key":"0001170010","primary_entity_name":"CARMAX INC"},"word_count":172,"has_tables":true,"body_markdown":"Item 2.    Unregistered Sales of Equity Securities and Use of Proceeds\n\nIn 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.\n\nThe following table provides information relating to the company’s repurchase of common stock for the first quarter of fiscal 2027. The table does not include transactions related to employee equity awards or exercise of employee stock options.\n\nApproximate\n\nDollar Value\n\nTotal Numberof Shares that\n\nTotal NumberAverageof Shares PurchasedMay Yet Be\n\nof SharesPrice Paidas Part of PubliclyPurchased Under\n\nPeriodPurchasedper ShareAnnounced Programthe Program\n\nMarch 1 - 31, 2026— $— — $1,305,060,166 \n\nApril 1 - 30, 2026— $— — $1,305,060,166 \n\nMay 1 - 31, 2026— $— — $1,305,060,166 \n\nTotal— — \n\nPage 46"}