Key Developments: Carmax Inc (KMX)
31 Mar 2015
Latest Key Developments (Source: Significant Developments)
Carmax Inc:Approves a $2 bln expansion of the company's share repurchase program, for an aggregate share repurchase authorization of $3.8 bln since the initial announcement of the program in Oct. 2012.As of Aug. 31, the company had made $893 mln of repurchases under the program.Says expanded authorization is effective immediately and expires on Dec. 31, 2016. Full Article
- CarMax Inc , the largest U.S. used-car seller, reported a 16 percent rise in quarterly revenue as easier availability of credit helped it sell more pre-owned vehicles at higher prices.