CarMax (KMX) Proxy Filing summary

Executive summary

• New CEO Keith Barr outlines a vision focused on customer-centricity, leveraging technology, and operational urgency to drive growth and improve performance.

• Emphasis on building upon a strong brand, digital and physical infrastructure, and a people-first culture to capture opportunities in a fragmented used car market.

• Plans to enhance digital experiences, streamline operations, and deliver seamless service both online and in-store.

• Acknowledgement that recent sales performance has lagged potential, with a commitment to urgent change and accountability.

• Forward-looking statements highlight risks and uncertainties, with references to ongoing disclosure obligations.

Voting matters and shareholder proposals

• Proxy materials will be filed for the 2026 Annual Meeting, including director nominees and other matters for shareholder vote.

• Shareholders are encouraged to review the proxy statement and related materials when available.

Board of directors and corporate governance

• Information on directors, executive officers, and their interests is available in prior proxy statements and SEC filings.

• Changes in beneficial ownership by directors and officers are disclosed through Form 4 filings.