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12/21/05CarMax Reports Record Third Quarter Results
Releases Fourth Quarter Expectations RICHMOND, Va., Dec. 21 /PRNewswire-FirstCall/ -- CarMax, Inc. (NYSE: KMX) today reported results for the third quarter ended November 30, 2005. * Total sales increased 17% to $1.42 billion from $1.22 billion in the third quarter of last year. * Comparable store used unit sales rose 3% for the quarter. * Total used unit sales grew 13% for the quarter. * Net earnings increased 46% to $26.4 million, o... 
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12/08/05CarMax, Inc. Announces Details of Third Quarter Earnings Conference Call
RICHMOND, Va., Dec. 8 /PRNewswire-FirstCall/ -- CarMax, Inc. (NYSE: KMX) today announced details of its investor conference call to be conducted in conjunction with the release of sales and earnings for the third fiscal quarter ended November 30, 2005. What: Third Fiscal Quarter Earnings Conference Call. When: 9:00 a.m. Eastern time on Wednesday, December 21, 2005. How: Dial 1-888-298-3261 (international callers dial 1-706-679-7457). The co... 
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10/13/05CarMax Says Online Searches for Smaller Cars on the Rise
RICHMOND, Va., Oct. 13 /PRNewswire/ -- At a time when gas prices continue to increase, CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, says online searches for smaller cars are on the rise. Examples include the Toyota Corolla, Volkswagen Jetta, and Toyota Prius, all of which are climbing in popularity based on searches on the carmax.com website in September when compared with searches in June. The Toyota Prius rose to 16th in September from a 123rd ranking in Ju... 
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10/06/05Carmax CEO Announces Intent to Retire; Board Forms Search Committee For Replacement
RICHMOND, Va., Oct. 6 /PRNewswire-FirstCall/ -- CarMax, Inc. (NYSE: KMX) announced today that its co-founder, president, and chief executive officer, Austin Ligon, has informed the CarMax board of directors that he intends to retire in 2006. The board has formed a search committee to seek a new CEO. Ligon said that he intends to remain with the company until a new CEO has taken office. "September marked the beginning of my 15th year of work on the CarMax business and my 11th year... 
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09/27/05CarMax Foundation Awards $100,000 Grant to Promote Youth Driver Education
RICHMOND, Va., Sept. 27 /PRNewswire/ -- CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, announced today that the CarMax Foundation has awarded Driver's Edge a $100,000 grant for its national young driver education program. Driver's Edge is a nonprofit organization developed to help address the growing number of youth-related automobile collisions and fatalities in the United States. "The grant from the CarMax Foundation will help our organization continue to... 
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09/26/05CarMax Sees Minimal Hurricane Effect
RICHMOND, Va., Sept. 26 /PRNewswire-FirstCall/ -- CarMax (NYSE: KMX) today reported that Hurricane Rita is expected to have a minimal effect on overall sales and earnings. "We are very fortunate that the brunt of Rita's force bypassed Houston," said Austin Ligon, president and chief executive officer. "It appears now that our four Houston superstores and our Houston associates came through the storm largely unscathed." "We will have closed the Houston locations for about ... 
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09/26/05CarMax Regional Vice President Recognized as One of the '100 Leading Women in the North American Auto Industry'
RICHMOND, Va., Sept. 26 /PRNewswire/ -- CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, is pleased to announce that Donna Wassel, regional vice president for the company's Atlanta Region, has been selected as one of the "100 Leading Women in the North American Auto Industry" by AUTOMOTIVE NEWS magazine, the leading publication for the auto industry. "We would like to congratulate Donna for this very deserving honor," said Austin Ligon, president and chief exec... 
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09/21/05CarMax Reports Record Second Quarter Results
Releases Third Quarter Expectations RICHMOND, Va., Sept. 21 /PRNewswire-FirstCall/ -- CarMax, Inc. (NYSE: KMX) today reported results for the second quarter ended August 31, 2005. * Total sales increased 23% to $1.63 billion from $1.32 billion in the second quarter of last year. * Comparable store used unit sales rose 10% for the quarter. * Total used unit sales grew 21% for the quarter. * Net earnings increased 39% to $41.4 mil... 
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08/26/05CarMax Completes New Credit Facility
RICHMOND, Va., Aug. 26 /PRNewswire-FirstCall/ -- CarMax, Inc. (NYSE: KMX) today announced that it has closed a new revolving credit facility providing for aggregate borrowings of up to $450 million. The new facility has a four- year term and is secured by the company's vehicle inventory. Bank of America N.A. is the administrative agent and Banc of America Securities LLC acted as the lead arranger for the new facility, which replaces a $300 million term loan and revolving credit facility ... 
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08/23/05Carmax Raises Second Quarter Expectations
RICHMOND, Va., Aug. 23 /PRNewswire-FirstCall/ -- For the second quarter ending August 31, 2005, CarMax, Inc. (NYSE: KMX) today: * Raised comparable store used unit sales expectations to growth of approximately 10%, and * Raised earnings per share expectations to approximately 37 cents. On June 20, 2005, CarMax had estimated second quarter comparable store used unit sales growth in a range of 3% to 9% and earnings per share in a range of 29 cents to 34 cents. ... 
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07/06/05CarMax Doubles Vehicle Transfer Sales in Two Years
Consumers Take Advantage of Quick Access to Huge Online Selection and Guaranteed Quality RICHMOND, Va., July 6 /PRNewswire-FirstCall/ -- CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, has doubled the number of used vehicle transfer sales over the past two years. During CarMax's most recent fiscal year, more than 40,000 used vehicles the company retailed were transferred at customer request to a CarMax superstore most convenient for the cust... 
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06/20/05CarMax Reports Record First Quarter Results
Releases Second Quarter Expectations RICHMOND, Va., June 20 /PRNewswire-FirstCall/ - CarMax, Inc. (NYSE: KMX) today reported record results for the first quarter ended May 31, 2005. * Total sales increased 19% to $1.58 billion from $1.32 billion in the first quarter last year. * Comparable store used unit sales rose 6% for the quarter. * Total used unit sales grew 19% for the quarter. * Net earnings increased 13% to $39.8 million, or 37 cents per... 
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06/03/05CarMax Foundation Awards $100,000 Grant to National Program to Promote Child Booster Seat Safety
RICHMOND, Va., June 3 /PRNewswire/ -- CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, announced today that the CarMax Foundation has awarded the National Healthy Mothers, Healthy Babies Coalition (HMHB) a $100,000 grant for its National Partnership on Booster Seat Safety program. In April 2004, the CarMax Foundation provided a $50,000 grant to the Partnership to fund the initial start up of the program. The Partnership's goal is to increase booster seat usage in the... 
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05/20/05CarMax to Arrange New Credit Facility
RICHMOND, Va., May 20, 2005 /PRNewswire-FirstCall via COMTEX/ -- CarMax, Inc. (NYSE: KMX) today announced that it has signed a commitment letter with Bank of America N.A. and Banc of America Securities LLC to arrange a new $350 million to $400 million credit facility in which Bank of America N.A. has committed to lend up to $150 million. CarMax also announced that it has mutually agreed with Daimler Chrysler Services North America, LLC and Toyota Motor Credit Corporation to allow the comp... 
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05/20/05CarMax Revises First Quarter Expectations; Narrows Earnings Expectation Range and Lowers Comparable Store Used Unit Growth Expectations
RICHMOND, Va., May 20 /PRNewswire-FirstCall/ -- CarMax, Inc. (NYSE: KMX) announced today that it has revised expectations for the first quarter ended May 31, 2005. * CarMax now expects first quarter earnings to be 35 cents or 36 cents per share. * CarMax now expects first quarter comparable store used unit growth to be approximately 6%. On March 30, 2005, CarMax had issued first quarter earnings expectations in a range of 35 cents to 38 cents per share a... 
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04/15/05CarMax Opens First Store in Jacksonville, Florida
RICHMOND, Va., April 15, 2005 /PRNewswire-FirstCall via COMTEX/ -- CarMax, Inc., (NYSE: KMX), the nation's largest retailer of used cars, officially opened its first store in the Jacksonville area today. The new CarMax superstore, located at 11335 Atlantic Boulevard in Duval County, is more than 50,000 square-feet, employs 95 people and stocks 300 to 500 vehicles of nearly every make and model. This is the ninth CarMax store in Florida. "We have revolutionized the way consumers buy c... 
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04/08/05CarMax Experts Provide Vehicle Suggestions for Gas Price-Conscious Consumers
RICHMOND, Va., April 8 /PRNewswire/ -- At a time when gas prices continue to rise, CarMax, Inc. (NYSE: KMX), the nation's leading specialty retailer of used cars, is providing recommendations for gas price-conscious car shoppers. According to the American Automobile Association, the average gas price nationally is $2.404 per gallon for mid-grade gasoline. Car shoppers, who usually consider vehicle price and lifestyle when buying a car, might also want to consider the rising price of gas i... 
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04/08/05CarMax Awarded Best Annual Report for Small- To Mid-Cap Companies by IR Magazine
RICHMOND, Va., April 8 /PRNewswire-FirstCall/ -- CarMax, Inc. (NYSE: KMX), the nation's leading specialty retailer of used cars, received the award for Best Annual Report for small- to mid-cap companies at the IR Magazine U.S. Awards on March 31, 2005. The awards ceremony was held at the Marriott Marquis hotel in New York City. "Developing our annual report is truly a team effort," said Keith Browning, CFO for CarMax. "We knew we had a great annual report, but it's nice for third ... 
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04/01/05CarMax Announces Growth in California, Five Stores Now Open in Los Angeles
RICHMOND, Va., April 1 /PRNewswire-FirstCall/ -- CarMax, Inc. (NYSE: KMX), the nation's leading specialty retailer of used cars, today announced its growth in California. With the recent opening of its locations in Irvine and Ontario, CarMax now has five stores in the Los Angeles market. CarMax also has a store in the Sacramento market, which opened in 2002. "California's campaign for companies to invest in California now has another success story -- CarMax," said Austin Ligon, pre... 
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03/31/05Multimedia News Release - Cruising Works of Art Catching Attention on L.A. Streets
CarMax Celebrates Five Stores in L.A. with Five Painted Personality Cars RICHMOND, Va., March 31 /PRNewswire-FirstCall/ -- People are looking at and talking about the five moving works of art now cruising the streets of Los Angeles, California. To celebrate the company's growth in the L.A. market, CarMax, Inc. (NYSE: KMX), commissioned five emerging Southern California-based artists to paint five different styles of cars that reflect well-known L.A. personal... 
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03/31/05CarMax, Pioneer of Used Car Superstores, Drives Into Los Angeles; Launches Major Advertising Campaign, Opens Two More Stores and Indicates Several More Sites Under Development in Market
RICHMOND, Va., March 31, 2005 /PRNewswire-FirstCall via COMTEX/ -- The pioneer of the used car superstore concept and nation's leading specialty retailer of used cars, CarMax, Inc. (NYSE: KMX) today announced that it has launched a major initiative focused on the Los Angeles market, including: The opening of two more stores in the market. With the opening of CarMax superstores in Irvine and Ontario, CarMax has a total of five stores in the L.A. market. The retailer's o... 
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03/31/05CarMax to Announce Growth in California
Painted L.A. Personality Cars Unveiled at Event WHAT CarMax, Inc., the nation's leading specialty retailer of used cars, will announce its growth in the Los Angeles area and the state of California on Friday, April 1, at noon. The retailer will make the announcement during a grand opening celebration event at its new Irvine store. CarMax now has five stores in the Los Angeles area, with the recent opening... 
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03/30/05CarMax Reports Fourth Quarter and Fiscal Year 2005 Results; Releases Fiscal Year 2006 Expectations
RICHMOND, Va., March 30, 2005 /PRNewswire-FirstCall via COMTEX/ -- CarMax, Inc. (NYSE: KMX) today reported results for the fourth quarter and fiscal year ended February 28, 2005. * For the quarter, net earnings increased 32% to $29.7 million, or 28 cents per share, compared with $22.5 million, or 21 cents per share, reported in the fourth quarter of fiscal 2004. * For the year, net earnings were $112.9 million, or $1.07 per share, a 3% decrease compared with $1... 
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03/04/05CarMax Reports Record Fourth Quarter Sales; Expects Fourth Quarter EPS of Approximately 28 Cents
RICHMOND, Va., March 4, 2005 /PRNewswire-FirstCall via COMTEX/ -- CarMax, Inc. (NYSE: KMX) today reported record sales for the fourth quarter ended February 28, 2005. Total sales increased 25% to $1.40 billion from $1.12 billion in the fourth quarter last year. Comparable store used unit sales rose 12% for the quarter. Total used unit sales grew 27% for the quarter. The company now expects fourth quarter earnings of approximately 28 cents per... 
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02/22/05CarMax Raises 4th Quarter Expectations Again; Cites Seasonal Subprime Sales Increase
RICHMOND, Va., Feb 22, 2005 /PRNewswire-FirstCall via COMTEX/ -- For the fourth quarter ending February 28, 2005, CarMax, Inc. (NYSE: KMX) today: * Raised comparable store used unit sales expectations to growth of 11% or 12%, and * Raised earnings per share expectations to 26 cents or 27 cents. On February 3, 2005, CarMax had raised fourth quarter expectations of comparable store used unit sales growth to a range of 7% to 9%, from earlier expectations in a range of 2% ... 
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02/03/05CarMax Raises 4th Quarter Comparable Store Sales Expectations; Now Expects Fourth Quarter EPS of 23 Cents to 25 Cents
RICHMOND, Va., Feb 03, 2005 /PRNewswire-FirstCall via COMTEX/ -- For the fourth quarter ending February 28, 2005, CarMax, Inc. (NYSE: KMX) today: Raised comparable store used unit sales growth expectations to a range of 7% to 9% and Raised earnings per share expectations to a range of 23 cents to 25 cents. On December 17, 2004, CarMax had issued fourth quarter expectations of comparable store used unit sales growth in the range of 2% to 7% and earnings pe... 
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01/10/05Auto Retailer CarMax Named to FORTUNE Magazine's '100 Best Companies to Work For' List
RICHMOND, Va., Jan 10, 2005 /PRNewswire via COMTEX/ -- CarMax, Inc. (NYSE: KMX), the nation's leading specialty retailer of used cars, has been named to the 2005 FORTUNE magazine "100 Best Companies to Work For" list. This is the first time CarMax has been named to the list. "Many FORTUNE readers will wonder how a company that sells cars, especially used cars, can be a great place to work," said Austin Ligon, president and chief executive officer of CarMax, Inc. "It's really pretty ... 
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