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Carmax Inc (KMX.N)

KMX.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

CarMax Reports Q3 Earnings Per Share $0.81
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Carmax Inc ::CARMAX REPORTS THIRD QUARTER RESULTS.Q3 EARNINGS PER SHARE $0.81.Q3 EARNINGS PER SHARE VIEW $0.81 -- THOMSON REUTERS I/B/E/S.Q3 REVENUE $4.11 BILLION VERSUS I/B/E/S VIEW $3.98 BILLION.QTRLY ‍TOTAL WHOLESALE UNIT SALES INCREASED 9.1%​.QTRLY USED UNIT SALES IN COMPARABLE STORES INCREASED 2.7 PERCENT.QTRLY TOTAL USED UNIT SALES ROSE 8.2 PERCENT.  Full Article

CarMax Expands Commercial Relationship With RepairPal
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - CarMax Inc ::CARMAX SAYS ‍IS EXPANDING ITS COMMERCIAL RELATIONSHIP WITH REPAIRPAL, A PROVIDER OF AUTO SERVICE AND REPAIR VIA A NETWORK OF REPAIRPAL CERTIFIED SHOPS​.CARMAX INC - CARMAX HAS MADE A MINORITY INVESTMENT OF $5 MILLION AS LEAD IN A NEW ROUND OF FINANCING FOR REPAIRPAL​.  Full Article

Carmax appoints Bill Nash as new CEO
Thursday, 1 Sep 2016 

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 

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 

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 

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

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Auto1 says no need for IPO after Softbank invests

BERLIN German used-car dealing platform Auto1 said a 460 million euro (£406 million) financial infusion from Japan's Softbank meant it was under no pressure to launch an initial public offering to fund its pan-European growth plans.