# CARMAX INC (KMX) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from CARMAX INC's 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2026 MD&A](/company/KMX/mda/fy2026/): filed 2026-04-15; accession 0001170010-26-000021 (https://www.sec.gov/Archives/edgar/data/1170010/000117001026000021/kmx-20260228.htm); latest 10-K
- [FY 2025 MD&A](/company/KMX/mda/fy2025/): filed 2025-04-11; accession 0001170010-25-000024 (https://www.sec.gov/Archives/edgar/data/1170010/000117001025000024/kmx-20250228.htm)
- [FY 2024 MD&A](/company/KMX/mda/fy2024/): filed 2024-04-15; accession 0001170010-24-000034 (https://www.sec.gov/Archives/edgar/data/1170010/000117001024000034/kmx-20240229.htm)
- [FY 2023 MD&A](/company/KMX/mda/fy2023/): filed 2023-04-13; accession 0001170010-23-000010 (https://www.sec.gov/Archives/edgar/data/1170010/000117001023000010/kmx-20230228.htm)
- [FY 2022 MD&A](/company/KMX/mda/fy2022/): filed 2022-04-14; accession 0001170010-22-000017 (https://www.sec.gov/Archives/edgar/data/1170010/000117001022000017/kmx-20220228.htm)

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