KMX CARMAX INC

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q1 2027: $204M, Q3 2026: $116M, Q2 2026: $106M, Q1 2026: $107M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $204M vs trailing avg $110M (+86%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Missing buyback or cash flow data

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 1,700,000 shares = 4.8% of 141,799,070 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

8 open-market purchases by 6 insiders

• Chawla Sona () bought 2,000 shares at $53.39 on 2026-06-25
• Shinder Marcella () bought 574 shares at $52.01 on 2026-06-25
• ONeil Mark F () bought 4,800 shares at $52.36 on 2026-06-24
• ONeil Mark F () bought 4,800 shares at $52.36 on 2026-06-24
• Bensen Peter J () bought 2,500 shares at $52.20 on 2026-06-22
• Barr Keith (President and CEO) bought 9,400 shares at $53.01 on 2026-06-22
• ONeil Mark F () bought 10,816 shares at $46.21 on 2025-10-02
• STEENROD MITCHELL D () bought 2,000 shares at $45.57 on 2025-10-02

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Company buybacks in 4 quarters and 8 insider purchases by 6 insiders (no calendar overlap, but both independently active)

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $1M, sold $0M in the last 90 days (net buying)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

No buyback-insider divergence detected