|What is CarMax's cusip number?|
|The cusip number for CarMax common stock is 143130102.|
|When and where was CarMax incorporated?|
|CarMax was incorporated under the laws of the Commonwealth of Virginia in 1996.|
|What were the tax implications of the separation of CarMax from Circuit City?|
|Circuit City obtained a ruling from the U.S. Internal Revenue Service stating that the redemption and distribution of CarMax, Inc. stock qualified as a tax-free transaction for U.S. federal income tax purposes. Accordingly, Circuit City Group and CarMax Group shareholders did not recognize any gain or loss on the redemption or distribution of CarMax stock, except in connection with cash received in lieu of a fractional share of CarMax stock. |
Tax Implications for CarMax Group Holders. Holders of CarMax Group common stock whose shares were redeemed in exchange for CarMax, Inc. common stock have a tax basis in the CarMax, Inc. shares equal to their aggregate tax basis in the CarMax Group shares. A PDF version of the letter mailed after the separation date to all CarMax shareholders is available. This letter contains further details on the income tax consequences of the separation for CarMax shareholders.
Tax Implications for Circuit City Group Holders. Holders of Circuit City Group common stock who received the CarMax distribution must apportion the tax basis of their Circuit City shares between their existing Circuit City shares and the CarMax shares received, based on the relative fair market value of the two stocks on the October 1, 2002, distribution date (see below). Shareholders selling CarMax shares that were received in the distribution have a taxable gain or loss equal to the difference between the sales proceeds and the tax basis allocated to those CarMax shares. Shareholders selling Circuit City shares on which a CarMax distribution was made have a taxable gain or loss equal to the difference between the sales proceeds and the tax basis allocated to those Circuit City shares. A PDF version of the letter mailed after the separation date to all Circuit City shareholders is available on the Circuit City Web site (www.circuitcity.com). This letter contains further details on the income tax consequences of the separation for Circuit City shareholders.
Basis Allocation Factors for Circuit City Group Holders. Based upon the average high and low prices at which the Circuit City and CarMax stocks traded on the New York Stock Exchange on October 1, 2002, the apportionment factors for Circuit City Group shares that received a CarMax distribution are as follows:
* 66.83% of the pre-distribution tax basis in Circuit City Group shares should remain allocated to the Circuit City shares.
* 33.17% of the pre-distribution tax basis in Circuit City Group shares should be allocated to the distributed CarMax, Inc. shares (including any fractional share interest, as applicable).
Shareholders should consult their tax advisors concerning the tax consequences of the redemption and distribution of CarMax, Inc. common stock in light of their own particular circumstances.
|Does CarMax pay cash dividends on its stock?|
|To date, we have not paid a cash dividend on our common stock.|
|What are CarMax's credit ratings?|
|At present, we have no publicly traded debt, and therefore the credit rating agencies have no ratings on the company.|
|How do I purchase CarMax stock? Can I buy shares directly from CarMax?|
|Interested investors should consult a stockbroker. CarMax does not offer a direct stock purchase plan at this time.|
|Who do I contact regarding stock certificate matters?|
Shareholders of record should contact our transfer agent for questions regarding stock certificates, including changes of address, name, or ownership; lost certificates; or to consolidate multiple accounts. Effective January 26, 2009, we have a new transfer agent, and their contact information is as follows:
In writing: American Stock Transfer & Trust Company
Attn: CarMax, Inc.
6201 15th Avenue
Brooklyn, NY 11219
By telephone: 866 / 714-7297
Via email: firstname.lastname@example.org
Via Internet: www.amstock.com
|Who is CarMax's independent auditor?|
|What is CarMax's fiscal calendar?|
|Our fiscal year begins on March 1 and ends on February 28 or 29. Interim periods are calendar-month based. Interim quarters end on May 31, August 31, November 30, and February 28 or 29.|
|Does CarMax franchise its operations?|
|We do not franchise our operations, and we have no plans to franchise in the foreseeable future.|