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CarMax, Inc. 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings and CarMax, Inc.’s Form 8-K, filed June 24, 2026 (Item 5.07 on EDGAR). Page generated October 25, 2026.

  • 14Ballot items
  • 505Asset managers
  • 5,755Fund votes
  • June 23, 2026Meeting date

Results at a glance

Meeting of June 23, 2026: 14 items on CarMax, Inc.’s Form 8-K, filed June 24, 2026: 11 elected · 3 approved.

Material dissent

None.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore CarMax, Inc. in the interactive database Compare manager voting policies

Official 2025-2026 meeting results reported by CarMax, Inc.

These tallies are CarMax, Inc.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed June 24, 2026 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

CarMax, Inc. — official shareholder meeting results, meeting held June 23, 2026
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: Keith Barr 114,829,416350,233138,896 --11,193,404 99.6%Elected—
Elect Director: Peter J. Bensen 114,403,706776,024138,815 --11,193,404 99.3%Elected—
Elect Director: Sona Chawla 114,434,618746,132137,795 --11,193,404 99.3%Elected—
Elect Director: William C. Cobb 114,470,410534,503313,632 --11,193,404 99.5%Elected—
Elect Director: Thomas J. Folliard 109,919,5435,261,737137,265 --11,193,404 95%Elected—
Elect Director: James Kessler 114,578,494424,775315,276 --11,193,404 99.6%Elected—
Elect Director: David W. McCreight 113,554,0351,628,064136,446 --11,193,404 99%Elected—
Elect Director: Mark F. O'Neil 113,568,6481,613,682136,215 --11,193,404 99%Elected—
Elect Director: Robert T. O'Shaughnessy 114,784,276393,343140,926 --11,193,404 99.6%Elected—
Elect Director: Pietro Satriano 114,374,545804,908139,092 --11,193,404 99.3%Elected—
Elect Director: Marcella Shinder 111,552,1103,037,796728,639 --11,193,404 97%Elected—
2. The selection of KPMG LLP as the Company's independent registered public accounting firm for fiscal year 2027 pursuant to the vote set forth below 124,402,5981,969,402139,949 ---- 98%Approved—
3. The non-binding advisory resolution related to the compensation of our named executive officers pursuant to the vote set forth below 107,869,9765,685,8351,762,734 --11,193,404 95%Approved—
4. The CarMax, Inc 109,927,6423,724,8151,666,088 --11,193,404 97%Approved—

Source: CarMax, Inc., Form 8-K, filed with the SEC on June 24, 2026 — read the filing on EDGAR.

How asset managers voted at the CarMax, Inc. 2025-2026 meeting

Each item below shows how the 505 asset managers that disclosed a CarMax, Inc. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.

1. Elect Director: Keith Barr

Official resultFund totals may overlapDIRECTOR ELECTIONSReported outcome: Elected

Combines 6 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%
FOR: 114,829,416AGAINST: 350,233
Details: description as filed, official tally, votes by 98 asset managers

Description as filed by funds: Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: Keith Barr

CarMax, Inc.’s own tally for this item (“Elect Director: Keith Barr”): 114,829,416 for, 350,233 against, per its Form 8-K filed June 24, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The shareholders elected the following directors to the Board, each for a one-year term expiring at the 2027 Annual Meeting of Shareholders, pursuant to the vote set forth below.”
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 95 asset managers voting on “Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: Keith Barr” at CarMax, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,580,3924 40For
BlackRock11,649,0930 00For
JANUS INVESTMENT FUND3,156,9830 00For
Fidelity2,490,2670 00For
State Street2,266,2980 00For
Investment Managers Series Trust III1,969,1150 00For
American Century1,773,8860 00For
PRIMECAP Odyssey Funds1,346,4000 00For
John Hancock1,310,9860 00For
Dimensional1,301,1230 00For
Charles Schwab1,261,8830 00For
Pacer Funds Trust1,144,7600 00For
DIAMOND HILL FUNDS1,071,6950 00For
Invesco774,7320 00For
Columbia Threadneedle547,9510 00For
AQR490,9130 00For
VALUED ADVISERS TRUST447,7150 00For
Elevation Series Trust363,6940 00For
ARIEL INVESTMENT TRUST323,4290 00For
Jackson National302,2510 00For
JANUS ASPEN SERIES277,5940 00For
First Trust276,3470 00For
Equitable268,6790 00For
TIAA235,4220 00For
HENNESSY FUNDS TRUST219,2380 00For

Fund voting reports, all 95 managers: 54,407,261 for, 4,542 against, 15,327 abstained, 169 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: Keith Barr” at CarMax, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Rings Capital Management LLC1,514,0000 00For
Midway Capital Research & Management45,1330 00For
Sendero Wealth Management, LLC5600 00For

Institutional-manager reports, all 3 managers: 1,559,693 for.

2. Elect Director: Peter J. Bensen

Official resultFund totals may overlapDIRECTOR ELECTIONSReported outcome: Elected

Combines 6 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%
FOR: 114,403,706AGAINST: 776,024
Details: description as filed, official tally, votes by 98 asset managers

Description as filed by funds: Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: Peter J. Bensen

CarMax, Inc.’s own tally for this item (“Elect Director: Peter J. Bensen”): 114,403,706 for, 776,024 against, per its Form 8-K filed June 24, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The shareholders elected the following directors to the Board, each for a one-year term expiring at the 2027 Annual Meeting of Shareholders, pursuant to the vote set forth below.”
Support: 99.3% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 95 asset managers voting on “Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: Peter J. Bensen” at CarMax, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,536,43543,962 40For
BlackRock11,649,0930 00For
JANUS INVESTMENT FUND3,156,9830 00For
Fidelity2,490,2670 00For
State Street2,263,2403,058 00For
Investment Managers Series Trust III1,969,1150 00For
American Century1,773,8860 00For
PRIMECAP Odyssey Funds1,346,4000 00For
John Hancock1,310,9860 00For
Dimensional1,301,1230 00For
Charles Schwab1,261,8830 00For
Pacer Funds Trust1,144,7600 00For
DIAMOND HILL FUNDS1,071,6950 00For
Invesco774,7320 00For
Columbia Threadneedle547,9510 00For
AQR490,9130 00For
VALUED ADVISERS TRUST447,7150 00For
Elevation Series Trust363,6940 00For
ARIEL INVESTMENT TRUST323,4290 00For
Jackson National302,2510 00For
JANUS ASPEN SERIES277,5940 00For
First Trust276,3470 00For
Equitable268,6790 00For
TIAA235,4220 00For
HENNESSY FUNDS TRUST219,2380 00For

Fund voting reports, all 95 managers: 54,340,748 for, 71,056 against, 15,327 abstained, 169 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: Peter J. Bensen” at CarMax, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Rings Capital Management LLC1,514,0000 00For
Midway Capital Research & Management45,1330 00For
Sendero Wealth Management, LLC0560 00Against

Institutional-manager reports, all 3 managers: 1,559,133 for, 560 against.

3. Elect Director: Sona Chawla

Official resultFund totals may overlapDIRECTOR ELECTIONSReported outcome: Elected

Combines 6 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%
FOR: 114,434,618AGAINST: 746,132
Details: description as filed, official tally, votes by 98 asset managers

Description as filed by funds: Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: Sona Chawla

CarMax, Inc.’s own tally for this item (“Elect Director: Sona Chawla”): 114,434,618 for, 746,132 against, per its Form 8-K filed June 24, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The shareholders elected the following directors to the Board, each for a one-year term expiring at the 2027 Annual Meeting of Shareholders, pursuant to the vote set forth below.”
Support: 99.3% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 95 asset managers voting on “Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: Sona Chawla” at CarMax, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,536,43543,962 40For
BlackRock11,649,0930 00For
JANUS INVESTMENT FUND3,156,9830 00For
Fidelity2,490,2670 00For
State Street2,263,2403,058 00For
Investment Managers Series Trust III1,969,1150 00For
American Century1,773,8860 00For
PRIMECAP Odyssey Funds1,346,4000 00For
John Hancock1,310,9860 00For
Dimensional1,301,1230 00For
Charles Schwab1,261,8830 00For
Pacer Funds Trust1,144,7600 00For
DIAMOND HILL FUNDS1,071,6950 00For
Invesco774,7320 00For
Columbia Threadneedle547,9510 00For
AQR490,9130 00For
VALUED ADVISERS TRUST447,7150 00For
Elevation Series Trust363,6940 00For
ARIEL INVESTMENT TRUST323,4290 00For
Jackson National302,2510 00For
JANUS ASPEN SERIES277,5940 00For
First Trust276,3470 00For
Equitable268,6790 00For
TIAA235,4220 00For
HENNESSY FUNDS TRUST219,2380 00For

Fund voting reports, all 95 managers: 54,340,748 for, 71,056 against, 15,327 abstained, 169 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: Sona Chawla” at CarMax, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Rings Capital Management LLC1,514,0000 00For
Midway Capital Research & Management45,1330 00For
Sendero Wealth Management, LLC0560 00Against

Institutional-manager reports, all 3 managers: 1,559,133 for, 560 against.

4. Elect Director: William C. Cobb

Official resultFund totals may overlapDIRECTOR ELECTIONSReported outcome: Elected

Combines 6 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%
FOR: 114,470,410AGAINST: 534,503
Details: description as filed, official tally, votes by 98 asset managers

Description as filed by funds: Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: William C. Cobb

CarMax, Inc.’s own tally for this item (“Elect Director: William C. Cobb”): 114,470,410 for, 534,503 against, per its Form 8-K filed June 24, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The shareholders elected the following directors to the Board, each for a one-year term expiring at the 2027 Annual Meeting of Shareholders, pursuant to the vote set forth below.”
Support: 99.5% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 95 asset managers voting on “Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: William C. Cobb” at CarMax, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,580,3886 60For
BlackRock11,649,0930 00For
JANUS INVESTMENT FUND3,156,9830 00For
Fidelity2,490,2670 00For
State Street2,266,2980 00For
Investment Managers Series Trust III1,969,1150 00For
American Century1,773,8860 00For
PRIMECAP Odyssey Funds1,346,4000 00For
John Hancock1,310,9860 00For
Dimensional1,301,1230 00For
Charles Schwab1,261,8830 00For
Pacer Funds Trust1,144,7600 00For
DIAMOND HILL FUNDS1,071,6950 00For
Invesco774,7320 00For
Columbia Threadneedle547,9510 00For
AQR490,9130 00For
VALUED ADVISERS TRUST447,7150 00For
Elevation Series Trust363,6940 00For
ARIEL INVESTMENT TRUST323,4290 00For
Jackson National302,2510 00For
JANUS ASPEN SERIES277,5940 00For
First Trust276,3470 00For
Equitable268,6790 00For
TIAA235,4220 00For
HENNESSY FUNDS TRUST219,2380 00For

Fund voting reports, all 95 managers: 54,407,257 for, 4,544 against, 15,329 abstained, 169 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: William C. Cobb” at CarMax, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Rings Capital Management LLC1,514,0000 00For
Midway Capital Research & Management45,1330 00For
Sendero Wealth Management, LLC5600 00For

Institutional-manager reports, all 3 managers: 1,559,693 for.

5. Elect Director: Thomas J. Folliard

Official resultFund totals may overlapDIRECTOR ELECTIONSReported outcome: Elected

Combines 6 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 109,919,543AGAINST: 5,261,737
Details: description as filed, official tally, votes by 98 asset managers

Description as filed by funds: Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: Thomas J. Folliard

CarMax, Inc.’s own tally for this item (“Elect Director: Thomas J. Folliard”): 109,919,543 for, 5,261,737 against, per its Form 8-K filed June 24, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The shareholders elected the following directors to the Board, each for a one-year term expiring at the 2027 Annual Meeting of Shareholders, pursuant to the vote set forth below.”
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 95 asset managers voting on “Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: Thomas J. Folliard” at CarMax, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,510,15070,244 40For
BlackRock11,649,0930 00For
JANUS INVESTMENT FUND3,156,9830 00For
Fidelity2,490,2670 00For
State Street2,263,1503,148 00For
Investment Managers Series Trust III1,969,1150 00For
American Century1,773,8860 00For
PRIMECAP Odyssey Funds1,346,4000 00For
John Hancock1,310,9860 00For
Dimensional1,301,1230 00For
Charles Schwab1,261,8830 00For
Pacer Funds Trust1,144,7600 00For
DIAMOND HILL FUNDS1,071,6950 00For
Invesco774,7320 00For
Columbia Threadneedle547,9510 00For
AQR490,9130 00For
VALUED ADVISERS TRUST447,7150 00For
Elevation Series Trust363,6940 00For
ARIEL INVESTMENT TRUST323,4290 00For
Jackson National302,2510 00For
JANUS ASPEN SERIES277,5940 00For
First Trust276,3470 00For
Equitable268,6790 00For
TIAA235,4220 00For
HENNESSY FUNDS TRUST219,2380 00For

Fund voting reports, all 95 managers: 54,313,630 for, 98,173 against, 15,327 abstained, 169 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: Thomas J. Folliard” at CarMax, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Rings Capital Management LLC1,514,0000 00For
Midway Capital Research & Management45,1330 00For
Sendero Wealth Management, LLC0560 00Against

Institutional-manager reports, all 3 managers: 1,559,133 for, 560 against.

6. Elect Director: James Kessler

Official resultFund totals may overlapDIRECTOR ELECTIONSReported outcome: Elected

Combines 6 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%
FOR: 114,578,494AGAINST: 424,775
Details: description as filed, official tally, votes by 98 asset managers

Description as filed by funds: Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: James Kessler

CarMax, Inc.’s own tally for this item (“Elect Director: James Kessler”): 114,578,494 for, 424,775 against, per its Form 8-K filed June 24, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The shareholders elected the following directors to the Board, each for a one-year term expiring at the 2027 Annual Meeting of Shareholders, pursuant to the vote set forth below.”
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 95 asset managers voting on “Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: James Kessler” at CarMax, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,580,3894 60For
BlackRock11,649,0930 00For
JANUS INVESTMENT FUND3,156,9830 00For
Fidelity2,490,2670 00For
State Street2,266,2980 00For
Investment Managers Series Trust III1,969,1150 00For
American Century1,773,8860 00For
PRIMECAP Odyssey Funds1,346,4000 00For
John Hancock1,310,9860 00For
Dimensional1,301,1230 00For
Charles Schwab1,261,8830 00For
Pacer Funds Trust1,144,7600 00For
DIAMOND HILL FUNDS1,071,6950 00For
Invesco774,7320 00For
Columbia Threadneedle547,9510 00For
AQR490,9130 00For
VALUED ADVISERS TRUST447,7150 00For
Elevation Series Trust363,6940 00For
ARIEL INVESTMENT TRUST323,4290 00For
Jackson National302,2510 00For
JANUS ASPEN SERIES277,5940 00For
First Trust276,3470 00For
Equitable268,6790 00For
TIAA235,4220 00For
HENNESSY FUNDS TRUST219,2380 00For

Fund voting reports, all 95 managers: 54,407,258 for, 4,542 against, 15,329 abstained, 169 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: James Kessler” at CarMax, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Rings Capital Management LLC1,514,0000 00For
Midway Capital Research & Management45,1330 00For
Sendero Wealth Management, LLC5600 00For

Institutional-manager reports, all 3 managers: 1,559,693 for.

7. Elect Director: David W. McCreight

Official resultFund totals may overlapDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 113,554,035AGAINST: 1,628,064
Details: description as filed, official tally, votes by 98 asset managers

Description as filed by funds: Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: David W. McCreight

CarMax, Inc.’s own tally for this item (“Elect Director: David W. McCreight”): 113,554,035 for, 1,628,064 against, per its Form 8-K filed June 24, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The shareholders elected the following directors to the Board, each for a one-year term expiring at the 2027 Annual Meeting of Shareholders, pursuant to the vote set forth below.”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 95 asset managers voting on “Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: David W. McCreight” at CarMax, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,536,42543,971 40For
BlackRock11,649,0930 00For
JANUS INVESTMENT FUND3,156,9830 00For
Fidelity2,490,2670 00For
State Street2,263,2403,058 00For
Investment Managers Series Trust III1,969,1150 00For
American Century1,773,8860 00For
PRIMECAP Odyssey Funds1,346,4000 00For
John Hancock1,310,9860 00For
Dimensional1,301,1230 00For
Charles Schwab1,261,8830 00For
Pacer Funds Trust1,144,7600 00For
DIAMOND HILL FUNDS1,071,6950 00For
Invesco774,7320 00For
Columbia Threadneedle547,9510 00For
AQR490,9130 00For
VALUED ADVISERS TRUST447,7150 00For
Elevation Series Trust363,6940 00For
ARIEL INVESTMENT TRUST323,4290 00For
Jackson National302,2510 00For
JANUS ASPEN SERIES277,5940 00For
First Trust276,3470 00For
Equitable268,6790 00For
TIAA235,4220 00For
HENNESSY FUNDS TRUST219,2380 00For

Fund voting reports, all 95 managers: 54,295,643 for, 116,160 against, 15,327 abstained, 169 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: David W. McCreight” at CarMax, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Rings Capital Management LLC1,514,0000 00For
Midway Capital Research & Management45,1330 00For
Sendero Wealth Management, LLC0560 00Against

Institutional-manager reports, all 3 managers: 1,559,133 for, 560 against.

8. Elect Director: Robert T. O'Shaughnessy

Official resultFund totals may overlapDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%
FOR: 114,784,276AGAINST: 393,343
Details: description as filed, official tally, votes by 98 asset managers

Description as filed by funds: Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: Robert T. O'Shaughnessy

CarMax, Inc.’s own tally for this item (“Elect Director: Robert T. O'Shaughnessy”): 114,784,276 for, 393,343 against, per its Form 8-K filed June 24, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The shareholders elected the following directors to the Board, each for a one-year term expiring at the 2027 Annual Meeting of Shareholders, pursuant to the vote set forth below.”
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 95 asset managers voting on “Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: Robert T. O'Shaugh” at CarMax, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,580,3914 40For
BlackRock11,649,0930 00For
JANUS INVESTMENT FUND3,156,9830 00For
Fidelity2,490,2670 00For
State Street2,266,2980 00For
Investment Managers Series Trust III1,969,1150 00For
American Century1,773,8860 00For
PRIMECAP Odyssey Funds1,346,4000 00For
John Hancock1,310,9860 00For
Dimensional1,301,1230 00For
Charles Schwab1,261,8830 00For
Pacer Funds Trust1,144,7600 00For
DIAMOND HILL FUNDS1,071,6950 00For
Invesco774,7320 00For
Columbia Threadneedle547,9510 00For
AQR490,9130 00For
VALUED ADVISERS TRUST447,7150 00For
Elevation Series Trust363,6940 00For
ARIEL INVESTMENT TRUST323,4290 00For
Jackson National302,2510 00For
JANUS ASPEN SERIES277,5940 00For
First Trust276,3470 00For
Equitable268,6790 00For
TIAA235,4220 00For
HENNESSY FUNDS TRUST219,2380 00For

Fund voting reports, all 95 managers: 54,407,260 for, 4,542 against, 15,327 abstained, 169 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: Robert T. O'Shaugh” at CarMax, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Rings Capital Management LLC1,514,0000 00For
Midway Capital Research & Management45,1330 00For
Sendero Wealth Management, LLC5600 00For

Institutional-manager reports, all 3 managers: 1,559,693 for.

9. Elect Director: Pietro Satriano

Official resultFund totals may overlapDIRECTOR ELECTIONSReported outcome: Elected

Combines 6 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%
FOR: 114,374,545AGAINST: 804,908
Details: description as filed, official tally, votes by 98 asset managers

Description as filed by funds: Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: Pietro Satriano

CarMax, Inc.’s own tally for this item (“Elect Director: Pietro Satriano”): 114,374,545 for, 804,908 against, per its Form 8-K filed June 24, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The shareholders elected the following directors to the Board, each for a one-year term expiring at the 2027 Annual Meeting of Shareholders, pursuant to the vote set forth below.”
Support: 99.3% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 95 asset managers voting on “Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: Pietro Satriano” at CarMax, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,536,43443,963 40For
BlackRock11,649,0930 00For
JANUS INVESTMENT FUND3,156,9830 00For
Fidelity2,490,2670 00For
State Street2,263,2403,058 00For
Investment Managers Series Trust III1,969,1150 00For
American Century1,773,8860 00For
PRIMECAP Odyssey Funds1,346,4000 00For
John Hancock1,310,9860 00For
Dimensional1,301,1230 00For
Charles Schwab1,261,8830 00For
Pacer Funds Trust1,144,7600 00For
DIAMOND HILL FUNDS1,071,6950 00For
Invesco774,7320 00For
Columbia Threadneedle547,9510 00For
AQR490,9130 00For
VALUED ADVISERS TRUST447,7150 00For
Elevation Series Trust363,6940 00For
ARIEL INVESTMENT TRUST323,4290 00For
Jackson National302,2510 00For
JANUS ASPEN SERIES277,5940 00For
First Trust276,3470 00For
Equitable268,6790 00For
TIAA235,4220 00For
HENNESSY FUNDS TRUST219,2380 00For

Fund voting reports, all 95 managers: 54,340,747 for, 71,057 against, 15,327 abstained, 169 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: Pietro Satriano” at CarMax, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Rings Capital Management LLC1,514,0000 00For
Midway Capital Research & Management45,1330 00For
Sendero Wealth Management, LLC0560 00Against

Institutional-manager reports, all 3 managers: 1,559,133 for, 560 against.

10. Elect Director: Marcella Shinder

Official resultFund totals may overlapDIRECTOR ELECTIONSReported outcome: Elected

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 111,552,110AGAINST: 3,037,796
Details: description as filed, official tally, votes by 98 asset managers

Description as filed by funds: Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: Marcella Shinder

CarMax, Inc.’s own tally for this item (“Elect Director: Marcella Shinder”): 111,552,110 for, 3,037,796 against, per its Form 8-K filed June 24, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The shareholders elected the following directors to the Board, each for a one-year term expiring at the 2027 Annual Meeting of Shareholders, pursuant to the vote set forth below.”
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 95 asset managers voting on “Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: Marcella Shinder” at CarMax, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,510,17170,217 110For
BlackRock11,649,0930 00For
JANUS INVESTMENT FUND3,156,9830 00For
Fidelity2,490,2670 00For
State Street2,263,1213,177 00For
Investment Managers Series Trust III1,969,1150 00For
American Century1,773,8860 00For
PRIMECAP Odyssey Funds1,346,4000 00For
John Hancock1,310,9860 00For
Dimensional1,301,1230 00For
Charles Schwab1,261,8830 00For
Pacer Funds Trust1,144,7600 00For
DIAMOND HILL FUNDS1,071,6950 00For
Invesco774,7320 00For
Columbia Threadneedle00 547,9510Abstain
AQR490,9130 00For
VALUED ADVISERS TRUST447,7150 00For
Elevation Series Trust363,6940 00For
ARIEL INVESTMENT TRUST323,4290 00For
Jackson National302,2510 00For
JANUS ASPEN SERIES277,5940 00For
First Trust276,3470 00For
Equitable268,6790 00For
TIAA235,4220 00For
HENNESSY FUNDS TRUST219,2380 00For

Fund voting reports, all 95 managers: 53,720,576 for, 143,269 against, 563,285 abstained, 169 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: Marcella Shinder” at CarMax, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Rings Capital Management LLC1,514,0000 00For
Midway Capital Research & Management45,1330 00For
Sendero Wealth Management, LLC0560 00Against

Institutional-manager reports, all 3 managers: 1,559,133 for, 560 against.

11. Elect Director: Mark F. O'Neil

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 6 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 113,568,648AGAINST: 1,613,682
Details: description as filed, official tally, votes by 97 asset managers

Description as filed by funds: Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: Mark F. O'Neil

CarMax, Inc.’s own tally for this item (“Elect Director: Mark F. O'Neil”): 113,568,648 for, 1,613,682 against, per its Form 8-K filed June 24, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The shareholders elected the following directors to the Board, each for a one-year term expiring at the 2027 Annual Meeting of Shareholders, pursuant to the vote set forth below.”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 97 asset managers below reported 54,340,776 for, 116,720 against, 15,327 abstained, 169 not voted.

FOR
FOR: 54,340,776AGAINST: 116,720ABSTAIN: 15,327NOT VOTED: 169
Largest asset managers voting on “Election of Directors for a one year term expiring at the 2027 Annual Shareholders Meeting: Mark F. O'Neil” at CarMax, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,536,42543,971 40For
BlackRock11,649,0930 00For
JANUS INVESTMENT FUND3,156,9830 00For
Fidelity2,490,2670 00For
State Street2,263,2403,058 00For
Investment Managers Series Trust III1,969,1150 00For
American Century1,773,8860 00For
PRIMECAP Odyssey Funds1,346,4000 00For
John Hancock1,310,9860 00For
Dimensional1,301,1230 00For
Charles Schwab1,261,8830 00For
Pacer Funds Trust1,144,7600 00For
DIAMOND HILL FUNDS1,071,6950 00For
Invesco774,7320 00For
Columbia Threadneedle547,9510 00For
AQR490,9130 00For
VALUED ADVISERS TRUST447,7150 00For
Elevation Series Trust363,6940 00For
ARIEL INVESTMENT TRUST323,4290 00For
Jackson National302,2510 00For
JANUS ASPEN SERIES277,5940 00For
First Trust276,3470 00For
Equitable268,6790 00For
TIAA235,4220 00For
HENNESSY FUNDS TRUST219,2380 00For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

12. 4. The CarMax, Inc

Official resultFund totals may overlapCOMPENSATIONReported outcome: Approved

Combines 4 wordings of this item as funds reported it.

97% Approved · of votes cast

FOR 97%
FOR: 109,927,642AGAINST: 3,724,815
Details: description as filed, official tally, votes by 100 asset managers

Description as filed by funds: To approve the CarMax, Inc. 2002 Stock Incentive Plan, as amended and restated.

CarMax, Inc.’s own tally for this item (“4. The CarMax, Inc”): 109,927,642 for, 3,724,815 against — passed, per its Form 8-K filed June 24, 2026 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The shareholders approved the CarMax, Inc. 2002 Stock Incentive Plan, as amended and restated, pursuant to the vote set forth below.”
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 91 asset managers voting on “To approve the CarMax, Inc. 2002 Stock Incentive Plan, as amended and restated.” at CarMax, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,580,35522 220For
BlackRock11,649,0930 00For
JANUS INVESTMENT FUND3,156,9830 00For
Fidelity2,490,2670 00For
State Street2,266,180118 00For
Investment Managers Series Trust III1,969,1150 00For
American Century01,773,886 00Against
PRIMECAP Odyssey Funds1,346,4000 00For
John Hancock1,310,9860 00For
Dimensional1,301,1230 00For
Charles Schwab1,261,8830 00For
Pacer Funds Trust1,144,7600 00For
DIAMOND HILL FUNDS1,071,6950 00For
Invesco774,7320 00For
Columbia Threadneedle547,9510 00For
AQR490,9130 00For
ARIEL INVESTMENT TRUST323,4290 00For
Jackson National302,2510 00For
JANUS ASPEN SERIES277,5940 00For
First Trust276,3470 00For
Equitable268,6790 00For
TIAA235,4220 00For
HENNESSY FUNDS TRUST219,2380 00For
OLD WESTBURY FUNDS INC195,0550 00For
JPMorgan168,1300 00For

Fund voting reports, all 91 managers: 51,667,505 for, 1,814,717 against, 15,345 abstained, 169 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 9 asset managers voting on “To approve the CarMax, Inc. 2002 Stock Incentive Plan, as amended and restated.” at CarMax, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Rings Capital Management LLC00 1,514,0000Abstain
Silver Heights Capital Management Inc0915,423 00Against
Midway Capital Research & Management45,1330 00For
Vident Advisory, LLC3,7640 00For
CHECK CAPITAL MANAGEMENT INC/CA2,0920 00For
Sendero Wealth Management, LLC5600 00For
Boltwood Capital Management3800 00For
Hendershot Investments Inc.0300 00Against
FINANCIAL CONSULATE, INC150 00For

Institutional-manager reports, all 9 managers: 51,944 for, 915,723 against, 1,514,000 abstained.

13. 3. The non-binding advisory resolution related to the compensation of our named executive officers pursuant to the vote…

Official resultFund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Approved

Combines 15 wordings of this item as funds reported it.

95% Approved · of votes cast

FOR 95%
FOR: 107,869,976AGAINST: 5,685,835
Details: description as filed, official tally, votes by 505 asset managers

Description as filed by funds: To approve, in an advisory (non- binding) vote, the compensation of our named executive officers.

CarMax, Inc.’s own tally for this item (“3. The non-binding advisory resolution related to the compensation of our named executive officers pursuant to the vote set forth below”): 107,869,976 for, 5,685,835 against — passed, per its Form 8-K filed June 24, 2026 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The shareholders approved the non-binding advisory resolution related to the compensation of our named executive officers pursuant to the vote set forth below.”
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 95 asset managers voting on “To approve, in an advisory (non- binding) vote, the compensation of our named executive officers.” at CarMax, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,510,14770,228 240For
BlackRock11,649,0930 00For
JANUS INVESTMENT FUND3,156,9830 00For
Fidelity2,490,2670 00For
State Street2,263,2403,058 00For
Investment Managers Series Trust III1,969,1150 00For
American Century01,773,886 00Against
PRIMECAP Odyssey Funds1,346,4000 00For
John Hancock1,310,9860 00For
Dimensional1,301,1230 00For
Charles Schwab1,261,8830 00For
Pacer Funds Trust1,144,7600 00For
DIAMOND HILL FUNDS1,071,6950 00For
Invesco774,7320 00For
Columbia Threadneedle0547,951 00Against
AQR490,9130 00For
VALUED ADVISERS TRUST447,7150 00For
Elevation Series Trust363,6940 00For
ARIEL INVESTMENT TRUST323,4290 00For
Jackson National47,287254,964 00Mixed
JANUS ASPEN SERIES277,5940 00For
First Trust276,3470 00For
Equitable268,6790 00For
TIAA235,4220 00For
HENNESSY FUNDS TRUST219,2380 00For

Fund voting reports, all 95 managers: 51,336,328 for, 3,075,456 against, 15,347 abstained, 169 not voted, 329 mixed. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 432 asset managers voting on “To approve, in an advisory (non- binding) vote, the compensation of our named executive officers.” at CarMax, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Janus Henderson8,733,1120 00For
Starboard5,565,2710 00For
SRS Investment Management, LLC5,155,3010 00For
State Street4,563,6938,577 00For
PRIMECAP MANAGEMENT CO/CA/4,301,3660 00For
BlackRock4,029,9563,175 20For
AQR3,934,1450 00For
Baird3,325,1890 00For
First Pacific Advisors, LP2,986,1330 00For
GEODE CAPITAL MANAGEMENT, LLC2,551,0780 00For
John Hancock2,326,8660 00For
DE Shaw2,076,2330 00For
Vulcan Value Partners, LLC1,971,5640 00For
American Century01,861,733 00Against
Rings Capital Management LLC00 1,514,0000Abstain
Charles Schwab1,444,9760 00For
Vanguard1,177,0910 00For
Northern Trust1,024,9310 00For
Silver Heights Capital Management Inc0915,423 00Against
Apollo Management Holdings, L.P.912,3510 00For
Invesco873,548283 00For
ENVESTNET ASSET MANAGEMENT INC834,971413 00For
Diamond Hill Capital Management, LLC (Investment Advisor)826,1540 00For
PARAMETRIC PORTFOLIO ASSOCIATES LLC753,2930 00For
Dimensional740,2800 00For

Institutional-manager reports, all 432 managers: 73,570,049 for, 4,269,321 against, 11,020 withheld, 1,823,054 abstained, 12,998 not voted. Showing the 25 largest; see all in the interactive database.

14. 2. The selection of KPMG LLP as the Company's independent registered public accounting firm for fiscal year 2027…

Official resultFund totals may overlapAUDIT-RELATEDReported outcome: Approved

Combines 3 wordings of this item as funds reported it.

98% Approved · of votes cast

FOR 98%
FOR: 124,402,598AGAINST: 1,969,402
Details: description as filed, official tally, votes by 98 asset managers

Description as filed by funds: To ratify the appointment of KPMG LLP as independent registered public accounting firm.

CarMax, Inc.’s own tally for this item (“2. The selection of KPMG LLP as the Company's independent registered public accounting firm for fiscal year 2027 pursuant to the vote set forth below”): 124,402,598 for, 1,969,402 against — passed, per its Form 8-K filed June 24, 2026 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The shareholders ratified the selection of KPMG LLP as the Company's independent registered public accounting firm for fiscal year 2027 pursuant to the vote set forth below.”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 95 asset managers voting on “To ratify the appointment of KPMG LLP as independent registered public accounting firm.” at CarMax, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,554,14526,252 40For
BlackRock11,649,0930 00For
JANUS INVESTMENT FUND3,156,9830 00For
Fidelity2,490,2670 00For
State Street2,266,180118 00For
Investment Managers Series Trust III1,969,1150 00For
American Century1,773,8860 00For
PRIMECAP Odyssey Funds1,346,4000 00For
John Hancock1,310,9860 00For
Dimensional1,301,1230 00For
Charles Schwab1,261,8830 00For
Pacer Funds Trust1,144,7600 00For
DIAMOND HILL FUNDS1,071,6950 00For
Invesco774,7320 00For
Columbia Threadneedle547,9510 00For
AQR490,9130 00For
VALUED ADVISERS TRUST447,7150 00For
Elevation Series Trust363,6940 00For
ARIEL INVESTMENT TRUST323,4290 00For
Jackson National302,2510 00For
JANUS ASPEN SERIES277,5940 00For
First Trust276,3470 00For
Equitable268,6790 00For
TIAA235,4220 00For
HENNESSY FUNDS TRUST219,2380 00For

Fund voting reports, all 95 managers: 54,311,748 for, 100,057 against, 15,327 abstained, 169 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “To ratify the appointment of KPMG LLP as independent registered public accounting firm.” at CarMax, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Rings Capital Management LLC1,514,0000 00For
Midway Capital Research & Management45,1330 00For
Sendero Wealth Management, LLC0560 00Against

Institutional-manager reports, all 3 managers: 1,559,133 for, 560 against.

Not shown here: this season’s fund filings also report 1 item from the meeting of June 24, 2025, which belongs to the 2024-2025 season. A meeting outside this season’s July 1 to June 30 window is not counted in this page’s items or in its totals of asset managers and fund votes.

Largest CarMax, Inc. shareholders voting in 2025-2026

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 141,911,096 shares outstanding at the time of that meeting.

Fund voting reports: top CarMax, Inc. shareholders by shares voted on “To approve, in an advisory (non- binding) vote, the compensation of our named executive…”, 2025-2026
#Asset manager % of shares outstanding
1Vanguard 11.68%
2BlackRock 8.21%
3JANUS INVESTMENT FUND 2.22%
4Fidelity 1.75%
5State Street 1.60%
6Investment Managers Series Trust III 1.39%
7American Century 1.25%
8PRIMECAP Odyssey Funds 0.95%
9John Hancock 0.92%
10Dimensional 0.92%
Institutional-manager reports: top CarMax, Inc. shareholders by shares voted on “To approve, in an advisory (non- binding) vote, the compensation of our named executive…”, 2025-2026
#Asset manager % of shares outstanding
1Janus Henderson 6.15%
2Starboard 3.92%
3SRS Investment Management, LLC 3.63%
4State Street 3.22%
5PRIMECAP MANAGEMENT CO/CA/ 3.03%
6BlackRock 2.84%
7AQR 2.77%
8Baird 2.34%
9First Pacific Advisors, LP 2.10%
10GEODE CAPITAL MANAGEMENT, LLC 1.80%

Reported CarMax, Inc. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

CarMax, Inc. holdings and ownership disclosed for the 2025-2026 proxy season
Holder % outstanding Disclosure
BlackRock 12.16% 13F
Vanguard Group 10.62% 13F
Vanguard Capital Management 5.26% 13G
Two Sigma 3.78% 13F
State Street 3.44% 13F
Dimensional Fund Advisors 3.01% 13F
D.E. Shaw 2.29% 13F
Geode Capital 1.80% 13F
Morgan Stanley 1.62% 13F
Goldman Sachs 1.13% 13F

Percentages above are of 141,911,096 shares outstanding, as reported by CarMax, Inc. on its Form 10-Q dated June 22, 2026 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from CarMax, Inc.’s 10-Q dated June 22, 2026. This page is a static snapshot rebuilt weekly on October 25, 2026; a live search always shows the current data.

At CarMax, Inc.'s shareholder meeting held June 23, 2026, in the 2025-2026 proxy season, 505 asset managers reported how they voted on 14 ballot items in their SEC Form N-PX filings, covering 5,755 separate fund positions. On the most widely held item on that ballot — To approve, in an advisory (non- binding) vote, the compensation of our named executive… — CarMax, Inc.'s filing reports the proposal as approved, with 95% support of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). Source: CarMax, Inc.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on June 24, 2026.

CarMax, Inc. proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).

Download data (CSV): ballot items · votes by manager · column guide.