CARMAX INC

and our Management’s Discussion and Analysis of Financial Condition and Results of Operations set forth in Item 7 contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ( Securities Act ), and Section 21E of the Securities Exchange Act of 1934, as amended ( Exchange Act ), including statements regarding: Our projected future sales and market share growth, comparable store sales growth, margins, tax rates, earnings, CarMax Auto Finance income and earnings per share. Changes in general or regional U.S. economic conditions, including economic downturns, inflationary pressures, fluctuating interest rates, tariffs, the effect of trade policies or related uncertainties and the potential impact of international events (including the conflict in the Middle East). Our business strategies and recent leadership transition. Our expectations for strategic investments. Our expectations of factors that could affect CarMax Auto Finance income. Our expected future expenditures, cash needs, and financing sources. Our expected capital structure, stock repurchases and indebtedness. The projected number, timing and cost of new location openings. Our gross profit margin, inventory levels and ability to leverage selling, general and administrative and other fixed costs. Our sales and marketing plans. Our inability to realize the benefits associated with our omni-channel platform or initiatives designed to leverage evolving technologies, including AI. The capabilities of our proprietary information technology systems and other systems.