CARMAX INC — Form 10-Q
Filed September 30, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 15/100
What the filing says
CarMax amended its Benefit Restoration Plan effective July 1, 2026, to comply with Section 409A of the Internal Revenue Code in light of the termination of the CarMax Pension Plan and opening of a lump sum window. The amendment aligns payment timing and form of Pre-2005 Supplemental Benefits with Post-2004 Supplemental Benefits, with true-ups made by October 31, 2026. No dollar amounts or participant counts are disclosed; the company explicitly states the amendment is not financially material to CarMax or its shareholders.
Why this rating
Routine compliance amendment to internal benefit plan. No financial impact disclosed. Administrative change unrelated to core business operations or earnings.
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