UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 12, 2004 ------------ CARMAX, INC. (Exact name of registrant as specified in its charter) Virginia 1-31420 54-1821055 ------------- ------------ ---------- (State or other (Commission (IRS Employer jurisdiction File No.) Identification No.) of incorporation) 4900 Cox Road, Glen Allen, Virginia 23060 ----------------------------------- ----- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: 804-747-0422 Item 5. Other Events ------- ------------ The registrant issued a press release on May 12, 2004, announcing its lowering of first quarter expectations. The press release is attached hereto as Exhibit 99.1 and is incorporated by reference into this Item 5. Item 7. Financial Statements and Exhibits ------- --------------------------------- (c) Exhibits 99.1 Press release, dated May 12, 2004, issued by CarMax, Inc., entitled "CarMax Reduces First Quarter Expectations." Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CARMAX, INC. By: /s/ Austin Ligon ---------------- Austin Ligon President and Chief Executive Officer Date: May 12, 2004 INDEX TO EXHIBITS Exhibit Number Exhibit ------- ------- 99.1 Press release dated May 12, 2004, entitled "CarMax Reduces First Quarter Expectations."