$KMX (CarMax Inc.)

$KMX {{ '2016-06-21T13:35:31+0000' | timeago}} • Webcast

$KMX said in 1Q17, it continued to experience YoverY increase in credit applications from customers at the higher end of the credit spectrum and a decline in applications across the lower end. CAF net penetration was up over 1 percentage point to 43.9% vs. 42.7% in 1Q16. Net loans in the quarter rose 6% YoverY to $1.4Bil.

$KMX {{ '2017-10-23T15:40:02+0000' | timeago}} • Announcement

$KMX plans to hire more than 2,000 positions by year-end. $KMX stores are also hiring for positions within its business offices nationwide. Additionally, the company is hiring for several customer service positions at CarMax Auto Finance in Atlanta, Georgiaand for digital and technology positions at the headquarters in Richmond, Virginia.

$KMX {{ '2017-10-23T15:38:10+0000' | timeago}} • Announcement

$KMX intends to hire more than 2,000 employees company-wide by the end of the year. The majority of new and open positions are for sales consultants, technicians, detailers and inventory associates.

$KMX {{ '2017-09-22T13:09:40+0000' | timeago}} • Infographic

$KMX CarMax Earnings AlphaGraphics: Q2 2018 Highlights

$KMX {{ '2017-09-22T12:11:59+0000' | timeago}} • Announcement

$KMX plans to open 15 stores within 12 months from August 31, 2017. During this period, CarMax expects to enter five new television markets and expanding its presence in ten existing television markets.

$KMX {{ '2017-09-22T12:10:06+0000' | timeago}} • Announcement

With net sales and operating revenues jumping 9.7% to $4.39Bil in 2Q18, $KMX posted a 12% rise in net earnings to $181.4MM or $0.98 per diluted share. An 11% rise in used unit sales and a 12.5% improvement in CarMax Auto Finance (CAF) income contributed to this earnings rally.

$KMX {{ '2017-06-21T14:16:45+0000' | timeago}} • Webcast

$KMX's store traffic was flat in 1Q18 and its website traffic increased 9% compared to the prior year quarter. CarMax added that it continues to work on the website and focuses on search engine optimization, while adding new pages of relevant data in their website.

$KMX {{ '2017-06-21T13:56:03+0000' | timeago}} • Webcast

$KMX said that 0 to 4 year old vehicle penetration increased year-over-year in 1Q18. The percent of sales of large and medium SUVs and trucks was 27%, similar to 4Q17 and was about 3 percentage points higher than last year. The company added that it is going to sell what customers are interested in buying.

$KMX {{ '2017-06-21T13:28:37+0000' | timeago}} • Webcast

Auto retailer $KMX said that it got benefited in 1Q18 from the delay in the tax refund season. During 2Q18, CarMax plans to open three stores, which includes the one opened in early June.

$KMX {{ '2017-06-21T13:01:45+0000' | timeago}} • Infographic

$KMX CarMax Earnings AlphaGraphics: Q1 2018 Highlights

$KMX {{ '2017-06-21T12:04:54+0000' | timeago}} • Announcement

During 1Q18, $KMX opened three stores, including two stores in Seattle, Washington, a new television market, and one store in Pensacola, Florida. Total wholesale unit sales were flat versus the prior year’s first quarter. CarMax Auto Finance (CAF) income increased 8.5% to $109.4MM.

$KMX {{ '2017-06-21T12:03:38+0000' | timeago}} • Announcement

With net earnings soaring 20.7% to $211.7MM and diluted EPS jumping 25.6% to $1.13, $KMX posted a 10.1% rise in net sales and operating revenues of $4.54Bil for 1Q18. Used unit sales in comparable stores increased 8.2%, while total used unit sales improved 14.1%.

$KMX {{ '2017-04-24T21:02:05+0000' | timeago}} • Announcement

$KMX has elected Sona Chawla to its board of directors. She will serve on the Audit Committee. Ms. Chawla is the Chief Operating Officer of Kohl’s.

$KMX {{ '2017-04-11T16:27:58+0000' | timeago}} • Announcement

$KMX promoted its VP Diane Long Cafritz to the newly created post of chief human resources officer.

$KMX {{ '2017-04-06T14:22:15+0000' | timeago}} • Webcast

$KMX said that there was a headwind from Tier 3 partners' sales in 4Q17, which got impacted by a delay in tax refunds. Tier 2 partners compensated a small portion of the decline in Tier 3 sales. The company added that it's hard to quantify the impact of the tax refunds.

$KMX {{ '2017-04-06T13:33:24+0000' | timeago}} • Webcast

$KMX reported that gross profit for wholesale unit decreased to $938 in 4Q17 compared to $1005 in last year's fourth quarter. This was due to the delay in tax refunds, the decrease in 7 to 9 year old vehicles, and tough comparison from last year's fourth quarter.

$KMX {{ '2017-04-06T13:11:16+0000' | timeago}} • Infographic

$KMX CarMax Earnings AlphaGraphics: Q4 2017 Highlights

$KMX {{ '2017-04-06T12:27:46+0000' | timeago}} • Announcement

$KMX plans to open 15 stores in FY18 and 13-16 stores in FY19. Capex is estimated at about $325MM in FY18. Compared with FY17, the decrease in planned capital spending reflects reduced spending on construction and land acquisitions resulting from changes in the mix of markets in which the stores are being built.

$KMX {{ '2017-04-06T12:23:08+0000' | timeago}} • Announcement

During 4Q17, $KMX repurchased 1.5MM shares of common stock for $101.1MM as part of share repurchase program. For FY17, CarMax repurchased 10.3MM shares for $557.7MM. As of February 28, 2017, $KMX had $1.59Bil remaining available for repurchase under the program.

$KMX {{ '2017-04-06T12:18:35+0000' | timeago}} • Announcement

During 4Q17, $KMX opened four stores, including two stores in new markets (Mobile, Alabama, and Albany, New York) and two stores in Los Angeles, California. In total, $KMX opened 15 stores during FY17, bringing its used car store count to 173 as of February 28, 2017.

$KMX {{ '2017-04-06T12:14:50+0000' | timeago}} • Announcement

$KMX's used vehicle unit sales grew 13.4% to $3.4Bil and comparable store sales rose 8.7% in 4Q17, YoY. A 1.2% decline in Wholesale vehicle unit sales at $466MM was offset by a 19.2% growth in Other Sales and Revenues, which stood at $133.8MM. Meanwhile, CarMax Auto Finance income declined 10.2% to $82.9MM.

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