Item 2.03.                Creation of a Direct Financial Obligation or an Obligation under an
                          Off-Balance Sheet Arrangement of a Registrant.

As previously disclosed, on June 7, 2019, CarMax, Inc. (the "Company") and CarMax Auto Superstores, Inc. (the "Borrower"), and certain other subsidiaries of the Company, entered into a Credit Agreement (the "Credit Agreement" or "Agreement") for an unsecured revolving credit facility with Bank of America, N.A., as a lender and as administrative agent, and the other lending institutions named therein (the "Lenders").

On December 29, 2021, the Company and the Borrower entered into an amendment of the Credit Agreement (the "Amendment") with the Lenders to exercise the accordion feature and to amend certain immaterial terms. The Amendment increases the aggregate commitments under the Credit Agreement by $550 million, from $1.45 billion to $2 billion, the maximum aggregate commitment available under the Credit Agreement. The Credit Agreement otherwise continues to operate under its existing terms and conditions in all material respects, including the scheduled termination date, which remains June 7, 2024 unless the Company exercises its option under the Credit Agreement to extend the maturity date for up to two one-year periods and such extensions are approved by the required lenders.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses