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): September 22, 2003

                                  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 12.             Results of Operations and Financial Condition
--------             ---------------------------------------------

                     The registrant issued a press release on
                     September 22, 2003, announcing its second quarter results.
                     The press release is attached hereto as Exhibit 99.1 and is
                     incorporated by reference into this Item 12.

                     The foregoing information, including the information
                     contained in the press release, is being furnished pursuant
                     to this Item 12 and shall not be deemed to be "filed" for
                     purposes of Section 18 of the Securities Exchange Act of
                     1934, as amended, or otherwise subject to the liabilities
                     of that Section or Sections 11 and 12(a)(2)of the
                     Securities Act of 1933, as amended. In addition, this
                     information shall not be deemed to be incorporated by
                     reference into any of the registrant's filings with the
                     U.S. Securities and Exchange Commission, except as shall be
                     expressly set forth by specific reference in any such

                     Exhibit Index
                     99.1   Press release, dated September 22, 2003, issued by
                            CarMax, Inc., entitled "CarMax Reports Record Second
                            Quarter Results; Exceeds Earnings Expectations."


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/ Keith Browning
                                             Keith Browning
                                             Executive Vice President
                                             and Chief Financial Officer

Date:  September 22, 2003