UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             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 20, 2004
                                                         ------------------


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

                                       N/A
--------------------------------------------------------------------------------
         (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))






Item 2.02            Results of Operations and Financial Condition
---------            ---------------------------------------------

                     The registrant issued a press release on
                     September 20, 2004, announcing its financial results for
                     the fiscal 2005 second quarter and six month period
                     ended August 31, 2004. The press release is being furnished
                     as Exhibit 99.1 hereto and is incorporated by reference
                     into this Item 2.02.




Item 9.01            Financial Statements and Exhibits
---------            ---------------------------------
(c) Exhibits         The following exhibit is being furnished pursuant to
                     Item 2.02 above.

         99.1        Press release, dated September 20, 2004, issued by
                     CarMax, Inc., entitled "CarMax Reports Second Quarter
                     Results."










                                    Signature


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 D. Browning
                                             ---------------------
                                             Keith D. Browning
                                             Executive Vice President
                                             and Chief Financial Officer





Date:  September 20, 2004









                                INDEX TO EXHIBITS




Exhibit
Number                              Exhibit
-------                             -------


   99.1           Press release dated September 20, 2004, entitled "CarMax
                  Reports Second Quarter Results."