$KMX (CarMax Inc.)

$KMX {{ '2016-06-21T14:11:36+0000' | timeago}} • Announcement

Used-car retailer $KMX posted lower 1Q17 net earnings of $175.4MM or $0.90 per diluted share vs. $182MM or $0.86 per diluted share in 1Q16, hurt by $11.1MM of higher interest expense. Net sales and operating revenues rose 2.8% to $4.13Bil vs. $4.01Bil in 1Q16, helped by increased used vehicle sales of $3.42Bil during the quarter.

$KMX {{ '2017-12-21T20:03:59+0000' | timeago}} • Webcast

$KMX said the slowdown in the comps in the non-impacted hurricane markets was a benefit for the wholesale business, which was the depreciation environment. The company said the boost of the hurricane replenishment of affected vehicles overshadowed the normal depreciation, which in turn hiked up the acquisition price in last quarter.

$KMX {{ '2017-12-21T19:55:10+0000' | timeago}} • Webcast

In 4Q18, $KMX will be required to revalue its deferred tax asset based on estimated new tax rate. The company believes this would result in a one-time unfavorable impact on its tax provision of an estimated $50-65MM. This range could be impacted by the company's analysis of final law and its 4Q18 financial results.

$KMX {{ '2017-12-21T19:52:23+0000' | timeago}} • Webcast

During 3Q18, $KMX opened 5 stores, 1 in a new market in Tyler, Texas and 4 in existing markets, including Philadelphia, Las Vegas, San Francisco and Seattle. In 4Q18, $KMX will open 4 stores, 2 in new markets, Myrtle Beach, South Carolina, and Portland, Maine. The other 2 store will be opened in the company's existing markets of Boston and Denver.

$KMX {{ '2017-12-21T13:59:55+0000' | timeago}} • Infographic

$KMX CarMax Inc. Earnings AlphaGraphic: Q3 2018 Highlights

$KMX {{ '2017-12-21T13:11:43+0000' | timeago}} • Announcement

$KMX now plans to open 15 stores within 12 months from Nov. 30, 2017. During this period, CarMax expects to enter 8 new television markets and expanding its presence in 7 existing television markets. Of the 15 stores, 12 will be in Metropolitan Statistical Areas having populations of 600,000 or less, which defined as small markets.

$KMX {{ '2017-12-21T13:03:20+0000' | timeago}} • Announcement

$KMX's total used vehicle unit sales for 3Q18 grew 8.2% and comparable store used unit sales rose 2.7%. The comparable store sales performance reflected an increase in conversion, partially offset by lower store traffic.

$KMX {{ '2017-12-21T12:57:49+0000' | timeago}} • Announcement

$KMX reported a 9% growth in 3Q18 earnings driven by higher used unit sales, a rise in wholesale unit sales and gross profit per unit. Net income rose to $148.8MM or $0.81 per share from $136.6MM or $0.72 per share last year. Revenue grew 11% to $4.11Bil, on higher used vehicle unit sales and a 2.7% rise in comparable store used unit sales.

$KMX {{ '2017-11-28T15:13:21+0000' | timeago}} • Announcement

$KMX is expanding its commercial relationship with RepairPal. Through this partnership, $KMX will provide customers with access to the RepairPal Certified shop network resulting in fair-priced service and repair locations. $KMX has also made a minority investment of $5MM as the lead in a new round of financing for RepairPal.

$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.

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