Open 10 new locations
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 1 Apr 2021
- Due
- 28 Feb 2022
- Delivered
- 28 Feb 2022
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“The increase in planned capital spending in fiscal 2022 reflects several factors, including continued spending on technology and the opening of 10 new locations.”
What we found
Evidence strength A What the grades mean
CarMax confirmed in an 8-K filing that it opened 10 new retail locations during fiscal 2022, meeting its stated commitment.
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A CarMax 8-K filed 2022-04-12
“For the full fiscal year, we opened ten new locations, and we had a total of 230 used car stores as of February 28, 2022.” ✓ confirmed on the page
Market reaction: the shares moved -10.5% against the S&P 500 over the three sessions around the disclosure (11 Apr 2022 to 14 Apr 2022). What this measures
Checked 20 Oct 2026.
Commitment lineage
Every time the company restated this commitment. The original is never changed, and the outcome is always measured against version 1.
- Deadline drift +1461 days
- 4 versions
-
Version 1 · original · stated 1 Apr 2021
Deadline 28 Feb 2022 (“in fiscal 2022”) · target 10 locations · wording expected
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Version 2 · stated 12 Apr 2022
Deadline 28 Feb 2023 (“in fiscal 2023”) · wording expected
“We currently plan to open ten stores in fiscal 2023, including our expected entry into the New York metro market.”
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Version 3 · stated 22 Dec 2022
Deadline 29 Feb 2024 (“fiscal 2024”)
“For fiscal 2024, we are planning new store growth of five locations”
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Version 4 · stated 11 Apr 2024
Deadline 28 Feb 2025 (“fiscal 2025”)
“For fiscal 2025, we are planning new store growth of five locations”
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Version 5 · stated 10 Apr 2025
Deadline 28 Feb 2026 (“fiscal 2026”)
“For fiscal 2026, we are planning new store growth of six locations”
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Facility other
- Indicative materiality
- Medium rules
- Action
- Open
- Deliverable
- 10 new locations
- Target
- 10 locations
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- High
- Specificity
- High
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2021-KMX-017952 · Corrections policy