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Carmax Inc (KMX.N)

KMX.N on New York Stock Exchange

68.75USD
21 Nov 2017
Change (% chg)

$-0.87 (-1.25%)
Prev Close
$69.62
Open
$69.67
Day's High
$69.67
Day's Low
$68.47
Volume
451,991
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383,968
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$77.62
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$54.56

Latest Key Developments (Source: Significant Developments)

Carmax reports Q2 earnings per share of $0.98
Friday, 22 Sep 2017 07:35am EDT 

Sept 22 (Reuters) - Carmax Inc :Carmax reports second quarter results.Q2 earnings per share $0.98.Q2 earnings per share view $0.95 -- Thomson Reuters I/B/E/S.Q2 revenue $4.39 billion versus I/B/E/S view $4.25 billion.Carmax Inc - qtrly ‍total used unit sales rose 11.1%​.Carmax Inc qtrly used unit sales in comparable stores increased 5.3%.Carmax Inc - qtrly ‍total wholesale unit sales increased 0.4%​.Carmax-‍in connection with Hurricane Harvey, six stores in Houston were closed most of last week of this year's Q2.Carmax says store closures ‍in connection with Hurricane Harvey had "modest adverse effect" on comparable store used unit sales​ in Q2.  Full Article

CarMax Q1 earnings per share $1.13
Wednesday, 21 Jun 2017 07:35am EDT 

June 21 (Reuters) - CarMax Inc ::CarMax reports first quarter results.Q1 earnings per share $1.13.Q1 earnings per share view $0.98 -- Thomson Reuters I/B/E/S.Q1 revenue $4.54 billion versus I/B/E/S view $4.46 billion.Qtrly total used unit sales rose 14.1%.CarMax Inc - qtrly used unit sales in comparable stores increased 8.2%.Qtrly total wholesale unit sales were flat versus prior year's Q1.  Full Article

Melvin Capital Management reports 5.1 percent passive stake in Carmax as of May 18
Thursday, 18 May 2017 12:30pm EDT 

May 18 (Reuters) - Melvin Capital Management LP :Melvin Capital Management LP reports a 5.1 percent passive stake in Carmax Inc as of May 18, 2017 - SEC filing.  Full Article

CarMax says making credit decisions with knowledge that loan recoveries can fall - Conf call
Thursday, 6 Apr 2017 10:20am EDT 

CarMax Inc : Says lower used car sales prices beneficial for sales, as cars will be more affordable for customers . Says making credit decisions with knowledge that loan recoveries can fall within a range in the future Further company coverage: [KMX.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Carmax Q4 earnings per share $0.81
Thursday, 6 Apr 2017 07:35am EDT 

Carmax Inc : Carmax reports fourth quarter and fiscal year results . Q4 earnings per share $0.81 . Q4 earnings per share view $0.79 -- Thomson Reuters I/B/E/S . Q4 revenue $4.05 billion versus I/B/E/S view $3.91 billion . Carmax Inc - total wholesale unit sales declined 1.2% in q4 . Used unit sales in comparable stores increased 8.7% in q4 . Carmax Inc says estimate capital expenditures will total approximately $325 million in fiscal 2018 . Total used unit sales rose 13.4% in q4 . Carmax Inc says currently plan to open 15 stores in fiscal 2018 and between 13 and 16 stores in fiscal 2019 . Carmax Inc says for Q4 Carmax auto finance income declined 10.2% to $82.9 million compared to last year . Carmax Inc says decline in income for Carmax auto finance for Q4 was primarily due to a $15.4 million increase in provision for loan losses .Carmax - for Q4 continued to experience a headwind related to third-party tier 3 sales mix, which declined to 9.4% of used unit sales from 14.5% in prior year's Q4.  Full Article

Carmax posts Q3 earnings of $0.72/share
Tuesday, 20 Dec 2016 07:35am EST 

Carmax Inc: Carmax reports third quarter results . Q3 earnings per share $0.72 . Q3 earnings per share view $0.70 -- Thomson Reuters I/B/E/S . Q3 revenue $3.7 billion versus i/b/e/s view $3.75 billion . Q3 used unit sales in comparable stores increased 5.4% . Carmax Inc - we currently estimate capital expenditures will total approximately $450 million in fiscal 2017 . Qtrly total used unit sales rose 9.1%. .Qtrly total wholesale unit sales declined 2.2%.  Full Article

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

BRIEF-Copper Fox Metals announces update on Carmax share consolidation

* Copper Fox Metals Inc announces update on Carmax share consolidation