<SEC-DOCUMENT>0001140361-15-003322.txt : 20150130
<SEC-HEADER>0001140361-15-003322.hdr.sgml : 20150130
<ACCEPTANCE-DATETIME>20150130165835
ACCESSION NUMBER:		0001140361-15-003322
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110503
FILED AS OF DATE:		20150130
DATE AS OF CHANGE:		20150130

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CARMAX INC
		CENTRAL INDEX KEY:			0001170010
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
		IRS NUMBER:				541821055
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			0215

	BUSINESS ADDRESS:	
		STREET 1:		12800 TUCKAHOE CREEK PARKWAY
		CITY:			RICHMOND
		STATE:			VA
		ZIP:			23238
		BUSINESS PHONE:		804-747-0422

	MAIL ADDRESS:	
		STREET 1:		12800 TUCKAHOE CREEK PARKWAY
		CITY:			RICHMOND
		STATE:			VA
		ZIP:			23238

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			STEMBERG THOMAS
		CENTRAL INDEX KEY:			0001180655

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31420
		FILM NUMBER:		15563793
</SEC-HEADER>
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    <periodOfReport>2011-05-03</periodOfReport>

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    <issuer>
        <issuerCik>0001170010</issuerCik>
        <issuerName>CARMAX INC</issuerName>
        <issuerTradingSymbol>KMX</issuerTradingSymbol>
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            <rptOwnerName>STEMBERG THOMAS</rptOwnerName>
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            <rptOwnerStreet1>12800 TUCKAHOE CREEK PARKWAY</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>RICHMOND</rptOwnerCity>
            <rptOwnerState>VA</rptOwnerState>
            <rptOwnerZipCode>23238</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
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    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2011-05-03</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
                    <value>40</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>34.28</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>885</value>
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            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
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                <natureOfOwnership>
                    <value>By son through UTMA account</value>
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        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
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                <transactionPricePerShare>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
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            <postTransactionAmounts>
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                <value>Common Stock</value>
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            <ownershipNature>
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                    <value>By second son through UTMA account</value>
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                <directOrIndirectOwnership>
                    <value>I</value>
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                    <value>By third son through UTMA account</value>
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            </ownershipNature>
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                <value>Common Stock</value>
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            <transactionDate>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
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                    <value>915</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>62.56</value>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
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                <sharesOwnedFollowingTransaction>
                    <value>295</value>
                    <footnoteId id="F3"/>
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                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By third son through UTMA account</value>
                </natureOfOwnership>
            </ownershipNature>
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        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>9576</value>
                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
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    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">On January 30, 2012, the remaining 835 shares were transferred from the son's Uniform Transfers to Minor Act (&quot;UTMA&quot;) account to the son's personal account.  The Reporting Person no longer has a reportable beneficial interest in the 835 shares of KMX common stock held by the Reporting Person's son and included in the Reporting Person's prior ownership reporting.</footnote>
        <footnote id="F2">On January 1, 2013, the remaining 330 shares were transferred from the second son's UTMA account to the second son's personal account.  The Reporting Person no longer has a reportable beneficial interest in the 330 shares of KMX common stock held by the Reporting Person's second son and included in the Reporting Person's prior ownership reporting.</footnote>
        <footnote id="F3">The Reporting Person's third son holds KMX shares through a UTMA account.</footnote>
    </footnotes>

    <remarks>Exhibit List:

Exhibit 24.1 - Power of Attorney</remarks>

    <ownerSignature>
        <signatureName>Christine Carter,  attorney-in-fact</signatureName>
        <signatureDate>2015-01-30</signatureDate>
    </ownerSignature>
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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 0pt; FONT-SIZE: 10pt; MARGIN-RIGHT: 0pt">The undersigned with respect to the matters described herein constitutes and appoints Natalie Wyatt, Thomas Reedy, Lisa Lee, Christine Carter<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> John Stuckey, Terence Rasmussen, Will Hulcher and Eric Margolin, each of whom may act individually, as my true and lawful attorney-in-fact to:</div>

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<div style="TEXT-ALIGN: justify; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Execute for and on behalf of the undersigned, in the undersigned&#8217;s capacity as an officer and/or director of CarMax Inc. (the &#8220;Company&#8221;), Forms 3, 4, and 5 (or any amendments thereto) in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder;</div>
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<div style="TEXT-ALIGN: justify; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Do and perform any and all acts for and on behalf of the undersigned that may be necessary or desirable to complete and execute any such Forms 3, 4, and 5 (or any amendments thereto) and timely file such forms with the United States Securities and Exchange Commission and any stock exchange or similar authority; and</div>
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<div style="TEXT-ALIGN: justify; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Take any other action of any type whatsoever in connection with the foregoing that, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned. The undersigned understands and confirms that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact&#8217;s discretion.</div>
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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 0pt; FONT-SIZE: 10pt; MARGIN-RIGHT: 0pt">The undersigned hereby grants to such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted.&#160;&#160;The undersigned acknowledges that the forgoing attorney-in-fact, in serving in such capacity at the request of the undersigned, is not assuming, nor is the Company assuming, any of the undersigned&#8217;s responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.</div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 0pt; FONT-SIZE: 10pt; MARGIN-RIGHT: 0pt">This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4, and 5 with respect to the Company.</div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 0pt; FONT-SIZE: 10pt; MARGIN-RIGHT: 0pt">IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 28<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font> day of October, 2014.</div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; FONT-FAMILY: times new roman; MARGIN-LEFT: 0pt; FONT-SIZE: 10pt; MARGIN-RIGHT: 0pt">/s/ Thomas G. Stemberg</div>
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