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. Q3 2026: $116M, Q2 2026: $106M, Q1 2026: $107M, Q3 2025: $40M

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

Latest quarter $116M vs trailing avg $84M (+38%)

What percentage of free cash flow is going to buybacks? Bull: 30-80%. Bear: <10% or >80%.

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 = 4.4% of 153,319,678 outstanding (annualized)

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

3 open-market purchases by 2 insiders

• 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
• STEENROD MITCHELL D () bought 1,300 shares at $65.49 on 2025-04-24

Are insider purchases happening during the same quarters the company is actively buying back stock?

Insider buying coincided with company buybacks in 0 of 4 quarters

Looking at all open-market transactions, are insiders net buyers or net sellers?

Insiders bought $1M, sold $0M (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