United States

Carmax Inc (KMX)

KMX on New York Consolidated

2 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Carmax appoints Bill Nash as new CEO
Thursday, 1 Sep 2016 04:30pm EDT 

Carmax Inc : Tom Folliard retired as chief executive officer of Carmax, effective August 31, 2016 . Elected Carmax president Bill Nash as chief executive officer, effective today. .In addition, board elected Nash to serve as a director of Carmax..  Full Article

Carmax says CEO Thomas Folliard to retire effective August 31 - SEC Filing
Friday, 1 Jul 2016 04:34pm EDT 

Carmax Inc: Thomas Folliard, CEO informed the company's board of directors that he would retire as CEO effective August 31, 2016 . Carmax Inc says following Thomas's retirement, it is anticipated that company’s president, William D. Nash, will assume the role of CEO - SEC Filing . Executive chairman of the board .On June 28, 2016 the board approved a $750 million expansion of the company’s share repurchase program.  Full Article

CarMax Inc reports Q1 earnings per share $0.90
Tuesday, 21 Jun 2016 07:35am EDT 

Carmax Inc : Carmax reports first quarter results . Says currently estimate capital expenditures will total approximately $450 million in fiscal 2017 . Says plan to open 15 stores in fiscal 2017 and between 13 and 16 stores in fiscal 2018 . Q1 earnings per share $0.90 . Q1 earnings per share view $0.92 -- Thomson Reuters I/B/E/S . Q1 revenue $4.13 billion versus i/b/e/s view $4.19 billion . Qtrly total used unit sales rose 4.0%. . Qtrly total wholesale unit sales increased 1.8% .Qtrly used unit sales in comparable stores increased 0.2%..  Full Article

Carmax Inc announces executive succession
Monday, 1 Feb 2016 06:50am EST 

Carmax Inc:Announced that, as the culmination of a multi-year management succession plan, Bill Nash has been promoted to president and Cliff Wood has been promoted to chief operating officer, effective February 1, 2016.Tom Folliard plans to retire as chief executive officer prior to the end of 2016, at which time it is anticipated that Nash will assume the role of CEO.  Full Article

Carmax announces new multi-year team deal with Minnesota Golden Gophers
Monday, 21 Sep 2015 09:14am EDT 

Carmax Inc:Announced a new partnership with the Minnesota Golden Gophers.As part of the multi-year sponsorship agreement through Learfield Sports' Gopher Sports Properties, CarMax is now the official used car retailer of the team.  Full Article

Carmax Inc expands partnership with Denver Broncos
Thursday, 17 Sep 2015 10:07am EDT 

Carmax Inc:Says expanded relationship with Denver Broncos.Partnership includes extensive branding presence within Sports Authority Field at Mile High as well as media, digital and social elements.  Full Article

AutoNation set to add used-car stores, more service centers

U.S. auto retail chain AutoNation Inc said on Friday it will invest $500 million or more over the next several years to expand its business beyond new vehicle sales, including opening standalone used-vehicle stores that would compete with used-car specialist Carmax Inc.