Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
KUNKEL JOSEPH S
   2. Issuer Name and Ticker or Trading Symbol
CARMAX INC [KMX] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior Vice President
(Last)
(First)
(Middle)
12800 TUCKAHOE CREEK PARKWAY		 3. Date of Earliest Transaction (Month/Day/Year)
04/21/2008
(Street)

RICHMOND, VA 23238		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 04/21/2008   M   45,000 A $ 13.415 178,218 D  
Common Stock 04/21/2008   S   200 D $ 20.27 178,018 D  
Common Stock 04/21/2008   S   400 D $ 20.2 177,618 D  
Common Stock 04/21/2008   S   100 D $ 20.195 177,518 D  
Common Stock 04/21/2008   S   800 D $ 20.165 176,718 D  
Common Stock 04/21/2008   S   200 D $ 20.11 176,518 D  
Common Stock 04/21/2008   S   300 D $ 20.08 176,218 D  
Common Stock 04/21/2008   S   300 D $ 20.05 175,918 D  
Common Stock 04/21/2008   S   400 D $ 20.012 175,518 D  
Common Stock 04/21/2008   S   1,600 D $ 20.26 173,918 D  
Common Stock 04/21/2008   S   1,700 D $ 20.2 172,218 D  
Common Stock 04/21/2008   S   2,000 D $ 20.19 170,218 D  
Common Stock 04/21/2008   S   1,300 D $ 20.16 168,918 D  
Common Stock 04/21/2008   S   200 D $ 20.1 168,718 D  
Common Stock 04/21/2008   S   200 D $ 20.075 168,518 D  
Common Stock 04/21/2008   S   500 D $ 20.04 168,018 D  
Common Stock 04/21/2008   S   5,000 D $ 20.01 163,018 D  
Common Stock 04/21/2008   S   200 D $ 20.25 162,818 D  
Common Stock 04/21/2008   S   500 D $ 20.01 162,318 D  
Common Stock 04/21/2008   S   1,500 D $ 20.19 160,818 D  
Common Stock 04/21/2008   S   2,900 D $ 20.155 157,918 D  
Common Stock 04/21/2008   S   100 D $ 20.095 157,818 D  
Common Stock 04/21/2008   S   200 D $ 20.07 157,618 D  
Common Stock 04/21/2008   S   4,325 D $ 20.03 153,293 D  
Common Stock 04/21/2008   S   100 D $ 20.245 153,193 D  
Common Stock 04/21/2008   S   4,275 D $ 20 148,918 D  
Common Stock 04/21/2008   S   100 D $ 20.185 148,818 D  
Common Stock 04/21/2008   S   177 D $ 20.15 148,641 D  
Common Stock 04/21/2008   S   400 D $ 20.09 148,241 D  
Common Stock 04/21/2008   S   100 D $ 20.065 148,141 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) (1) $ 13.415 04/21/2008   M     45,000 03/01/2003 03/01/2009 Common Stock 45,000 $ 0 45,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
KUNKEL JOSEPH S
12800 TUCKAHOE CREEK PARKWAY
RICHMOND, VA 23238		       Senior Vice President  

Signatures

 Lisa Ferron   04/23/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) This option was previously reported as covering 45,000 shares at an exercise price of $26.83 per share, but was adjusted to reflect the Issuer's 2-for-1 stock split in the form of a share dividend, which occurred on March 26, 2007.

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