Carmax Inc (KMX)
2 Dec 2016
Latest Key Developments (Source: Significant Developments)
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: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 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: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
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.