CarMax Management

Management criteria checks 3/4

CarMax's CEO is Bill Nash, appointed in Feb 2016, has a tenure of 8.17 years. total yearly compensation is $11.59M, comprised of 10.6% salary and 89.4% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth $11.34M. The average tenure of the management team and the board of directors is 6.7 years and 7.6 years respectively.

Key information

Bill Nash

Chief executive officer

US$11.6m

Total compensation

CEO salary percentage	10.6%
CEO tenure	8.2yrs
CEO ownership	0.1%
Management average tenure	6.7yrs
Board average tenure	7.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bill Nash's remuneration changed compared to CarMax's earnings?
Date	Total Compensation	Salary	Company Earnings
Feb 29 2024	n/a	n/a	US$479m
Nov 30 2023	n/a	n/a	US$498m
Aug 31 2023	n/a	n/a	US$454m
May 31 2023	n/a	n/a	US$461m
Feb 28 2023	US$12m	US$1m	US$485m
Nov 30 2022	n/a	n/a	US$576m
Aug 31 2022	n/a	n/a	US$807m
May 31 2022	n/a	n/a	US$967m
Feb 28 2022	US$14m	US$1m	US$1b
Nov 30 2021	n/a	n/a	US$1b
Aug 31 2021	n/a	n/a	US$1b
May 31 2021	n/a	n/a	US$1b
Feb 28 2021	US$10m	US$967k	US$747m
Nov 30 2020	n/a	n/a	US$752m
Aug 31 2020	n/a	n/a	US$690m
May 31 2020	n/a	n/a	US$627m
Feb 29 2020	US$9m	US$1m	US$888m
Nov 30 2019	n/a	n/a	US$866m
Aug 31 2019	n/a	n/a	US$883m
May 31 2019	n/a	n/a	US$871m
Feb 28 2019	US$9m	US$1m	US$842m
Nov 30 2018	n/a	n/a	US$772m
Aug 31 2018	n/a	n/a	US$731m
May 31 2018	n/a	n/a	US$691m
Feb 28 2018	US$8m	US$1m	US$664m

Compensation vs Market: Bill's total compensation ($USD11.59M) is above average for companies of similar size in the UK market ($USD5.65M).

Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.

CEO

Bill Nash (54 yo)

8.2yrs

Tenure

US$11,588,743

Compensation

Mr. William D. Nash, also known as Bill, has been the Chief Executive Officer of CarMax, Inc. since September 2016 and its President since February 1, 2016. Mr. Nash served as an Executive Vice President o...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
William Nash	President	8.2yrs	US$11.59m	0.11% $ 11.3m
Enrique Mayor-Mora	Executive VP & CFO	4.5yrs	US$2.44m	0.012% $ 1.3m
Shamim Mohammad	Executive VP and Chief Information & Technology Officer	9.5yrs	US$2.24m	0.0079% $ 841.9k
Diane Cafritz	EVP of Human Resources	7yrs	US$2.21m	0.0044% $ 473.9k
James Lyski	Executive VP	less than a year	US$2.61m	0.015% $ 1.6m
Charles Wilson	Executive VP & COO	1.4yrs	no data	0.010% $ 1.1m
Jill Livesay	VP, Chief Accounting Officer & Controller	7.4yrs	no data	0.0058% $ 616.2k
David Lowenstein	Vice President of Investor Relations	no data	no data	no data
Trina Lee	Assistant Vice President of Public Affairs & Communications	no data	no data	no data
Jon Daniels	Senior Vice President of CarMax Auto Finance	10.3yrs	no data	0.0018% $ 187.2k
Gautam Puranik	VP of Strategy & Chief Data Officer	4.2yrs	no data	no data
Darren Newberry	Senior Vice President of Store & CEC Execution	6.4yrs	no data	0.0074% $ 788.4k

6.7yrs

Average Tenure

54yo

Average Age

Experienced Management: 0HTQ's management team is seasoned and experienced (6.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
William Nash	President	7.6yrs	US$11.59m	0.11% $ 11.3m
Thomas Folliard	Non-Executive Chairman	17.8yrs	US$493.44k	0.13% $ 14.1m
Ronald Blaylock	Independent Director	16.5yrs	US$311.14k	0.0064% $ 683.6k
Shira Goodman	Independent Director	16.5yrs	US$305.40k	0.022% $ 2.3m
Mark O'Neil	Independent Director	4.5yrs	US$296.22k	0.010% $ 1.1m
Pietro Satriano	Independent Director	5.5yrs	US$283.72k	0.0070% $ 745.6k
Mitchell Steenrod	Lead Independent Director	13.3yrs	US$348.61k	0.019% $ 2.0m
Sona Chawla	Independent Director	7yrs	US$309.47k	0.0091% $ 975.6k
Peter Bensen	Independent Director	6yrs	US$333.97k	0.011% $ 1.2m
David McCreight	Independent Director	5.8yrs	US$293.97k	0.0072% $ 771.3k
Marcella Shinder	Independent Director	9yrs	US$288.27k	0.012% $ 1.3m

7.6yrs

Average Tenure

60yo

Average Age

Experienced Board: 0HTQ's board of directors are considered experienced (7.6 years average tenure).

CarMax Management

Management criteria checks 3/4

Key information

Recent management updates

CarMax, Inc., Annual General Meeting, Jun 27, 2023

President recently bought US$501k worth of stock

Carmax, Inc. Appoints Charles Joseph Wilson as Executive Vice President and Chief Operating Officer

Insufficient new directors

Insider recently sold US$325k worth of stock

Executive VP recently sold US$281k worth of stock

Recent updates

CarMax, Inc. to Report Q1, 2025 Results on Jun 21, 2024

Full year 2024 earnings released: EPS: US$3.03 (vs US$3.05 in FY 2023)

CarMax, Inc. to Report Q4, 2024 Results on Apr 11, 2024

Third quarter 2024 earnings released: EPS: US$0.52 (vs US$0.24 in 3Q 2023)

Investor sentiment improves as stock rises 15%

CarMax, Inc. to Report Q3, 2024 Results on Dec 21, 2023

Second quarter 2024 earnings released: EPS: US$0.75 (vs US$0.79 in 2Q 2023)

CarMax, Inc. to Report Q2, 2024 Results on Sep 28, 2023

First quarter 2024 earnings released: EPS: US$1.44 (vs US$1.57 in 1Q 2023)

CarMax, Inc., Annual General Meeting, Jun 27, 2023

Now 20% undervalued after recent price drop

Now 20% undervalued

Full year 2023 earnings released: EPS: US$3.05 (vs US$7.09 in FY 2022)

Investor sentiment deteriorates as stock falls 15%

Now 25% undervalued

Investor sentiment improves as stock rises 20%

CarMax, Inc. Launches New Online Pre-Qualification Capability Where Customers Can Shop Cars Nationwide with Personalized Financing Terms

President recently bought US$501k worth of stock

CarMax, Inc. to Report Q4, 2023 Results on Apr 11, 2023

Third quarter 2023 earnings released: EPS: US$0.24 (vs US$1.66 in 3Q 2022)

Investor sentiment deteriorated over the past week

Carmax, Inc. Appoints Charles Joseph Wilson as Executive Vice President and Chief Operating Officer

Insufficient new directors

Second quarter 2023 earnings released: EPS: US$0.79 (vs US$1.75 in 2Q 2022)

CarMax, Inc. to Report Q3, 2023 Results on Dec 22, 2022

Investor sentiment deteriorated over the past week

Insider recently sold US$325k worth of stock

Executive VP recently sold US$281k worth of stock

First quarter 2023 earnings released: EPS: US$1.57 (vs US$2.68 in 1Q 2022)

CarMax, Inc. to Report Q2, 2023 Results on Sep 29, 2022

Investor sentiment deteriorated over the past week

CarMax, Inc., Annual General Meeting, Jun 28, 2022

Insufficient new directors

Full year 2022 earnings released: EPS: US$7.11 (vs US$4.58 in FY 2021)

CarMax, Inc. to Report Q1, 2023 Results on Jun 24, 2022

Now 21% undervalued after recent price drop

Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Insufficient new directors

Insufficient new directors

Second quarter 2022 earnings released: EPS US$1.75 (vs US$1.82 in 2Q 2021)

Executive VP & COO recently sold US$731k worth of stock

First quarter 2022 earnings released: EPS US$2.68 (vs US$0.031 in 1Q 2021)

CarMax, Inc. (NYSE:KMX) completed the acquisition of remaining stake in Edmunds.com, Inc.

Full year 2021 earnings released: EPS US$4.58 (vs US$5.39 in FY 2020)

Full year 2021 earnings released: EPS US$4.58 (vs US$5.39 in FY 2020)

Executive Vice President of Finance Thomas Reedy has left the company

Sheehy Auto Stores, Inc. acquired Laurel Toyota store from CarMax, Inc. (NYSE:KMX).

Revenue beats expectations

Third quarter 2021 earnings released: EPS US$1.44

Revenue beats expectations

Executive Officer recently sold US$1.4m worth of stock

Executive Vice President of Finance recently sold US$1.4m worth of stock

Third quarter 2021 earnings released: EPS US$1.44

Revenue beats expectations

Thomas W. Reedy to Retire as Executive Vice President of Finance of CarMax, Inc., Effective February 28, 2021

CarMax, Inc. Announces New Partnership with the NBA, WNBA and Turner Sports

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age