United States

Carmax Inc (KMX)

KMX on New York Consolidated

27 Jul 2016
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$0.08 (+0.14%)
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Latest Key Developments (Source: Significant Developments)

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

Carmax Inc increases share repurchase authorization by $2 billion
Wednesday, 22 Oct 2014 04:45pm EDT 

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 turns to online financing as used-car sales hit a bump

CarMax Inc , the biggest U.S. used-car dealer, is rolling out a new online financing initiative that could help offset sluggish demand as cheaper gas prices and a stronger job market drive sales of new cars.