CarMax Inc. Appoints Marcella Shinder as Director and Member of Audit Committee
Apr 17 15
On April 13, 2015, the CarMax Inc. elected Marcella Shinder to serve as a director of the Company. The Board also appointed Ms. Shinder to the Audit Committee of the Board.
CarMax, Inc. Opens First Store in New Jersey
Apr 7 15
CarMax Inc. opened its first store in Turnersville, New Jersey, located at 620 Cross Keys Road. The store is more than 40,000 square-feet, occupies more than 16 acres and stocks more than 300 used vehicles.
CarMax Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended February 28, 2015; Provides Capital Expenditure Guidance for Fiscal 2016; Plans to Open Between 13 and 16 Stores in Each of the Next Three Fiscal Years
Apr 2 15
CarMax Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended February 28, 2015. For the quarter, the company reported net sales and operating revenue of $3,514,092,000 against $3,076,283,000 a year ago. Earnings before income tax were $232,831,000 against $159,708,000 a year ago. Net earnings were $143,138,000 or $0.67 diluted per share against $99,209,000 or $0.44 diluted per share a year ago.
For the year, the company reported net sales and operating revenue was $14,268,716,000 against $12,574,299,000 a year ago. Earnings before income tax were $969,331,000 against $797,322,000 a year ago. Net earnings were $597,358,000 or $2.73 diluted per share against $492,586,000 or $2.16 diluted per share a year ago. Net cash used in operating activities was $968,130,000 against $613,163,000 a year ago. Capital expenditure was $309,817,000 against $310,317,000 a year ago.
The company currently estimates that the capital expenditures will total approximately $360 million in fiscal 2016.
The company plans to open between 13 and 16 stores in each of the next three fiscal years. In fiscal 2016, the company plan to open 14 new stores and relocate one store whose lease is expiring and also plan to remodel approximately 15 older stores.
CarMax Inc. Opens First Store in Brooklyn Park
Mar 12 15
CarMax Inc. announced opening of its first location in Brooklyn Park, which is the company's first store in Minnesota. CarMax's Brooklyn Park store is now open at 6900 Lakeland Avenue North. The store will stock more than 250 used vehicles of nearly every make and model.
CarMax Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year of 2014
Feb 27 15
CarMax Inc. announced consolidated earnings results for the fourth quarter and full year of 2014. For the quarter, the company reported net profit of $696,685 compared with net loss of $439,695 for the same period a year ago.
The company had a comprehensive loss for the year of $912,959 or $0.00 income per share.