Settlement Agreement - CarMax Inc

On February 23, 2026, CarMax, Inc. agreed to a settlement resolving allegations that it violated the Servicemembers Civil Relief Act (SCRA) by repossessing 28 vehicles owned by SCRA-protected servicemembers without obtaining court orders. As part of the settlement, CarMax must pay at least $420,000 to compensate servicemembers and a $79,380 civil penalty to the United States.  The settlement also requires CarMax to revise its policies, procedures, and training materials to prevent future SCRA violations.

Press Release - 2/23/2026