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CarMax

Bring fully self-service online experience to all retail consumers

Delivered after 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
30 Sep 2021
Due
28 Feb 2022
Delivered
Q2 2022
  • Deadline
  • Met
  • Late
  • Not met
  • Today

What the company said

“remain on track to bring our fully self-service online experience to all of our retail consumers by the end of the fiscal year.”
  • SourceCarMax Form 8-K press release, 2021-09-30
  • FilingSEC filing index
  • Deadline as statedby the end of the fiscal year
  • Deadline used28 Feb 2022, the last day of the stated period
  • TypeProduct
  • Permanent referenceKI-C-2021-KMX-017955
    Cite as https://keptindex.org/c/KI-C-2021-KMX-017955/ — this address never changes.

What we found

Evidence strength A What the grades mean

CarMax missed the fiscal year 2022 deadline (February 28, 2022), at which point 90% of customers were eligible; they achieved 100% eligibility in the first quarter of fiscal 2023.

  • A
    CarMax 10-K filed 2022-04-14 Regulatory filing · published 14 Apr 2022 · retrieved 20 Oct 2026 · kept permanently by the SEC · fingerprint 05324e64f83a
    “Currently, approximately 90% of our customers are eligible to complete an online retail sale independently if they choose. We expect to have this capability available to 100% of our customers by the end of the first quarter of fiscal 2023.” ✓ confirmed on the page
  • A
    CarMax 10-Q filed 2022-09-30 Regulatory filing · published 30 Sep 2022 · retrieved 20 Oct 2026 · kept permanently by the SEC · fingerprint 5f62dd3629b7
    “During the first quarter of fiscal 2023, we enabled online self-progression for all of our retail customers. All customers are now eligible to complete an online retail sale independently if they choose.” ✓ confirmed on the page

Market reaction: the shares moved +3.2% against the S&P 500 over the three sessions around the disclosure (13 Apr 2022 to 19 Apr 2022). What this measures

Checked 20 Oct 2026.

Commitment DNA

The structured record of this commitment. Fields the company did not state are left blank rather than guessed.

Event type
Product other
Indicative materiality
Low rules
Action
Bring
Deliverable
fully self-service online experience
Language
Firm (“will”, “on track to”)
In the company’s control
High
Specificity
High

How this entry was checked

  1. Commitment recordedThe company's words were matched word for word against the filing.
  2. First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
  3. 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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