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Stock Market & Financial Investment News

News Breaks
November 30, 2012
07:44 EDTKMXCarMax comp used sales should beat expectations, says RW Baird
RW Baird believes that CarMax's comp used unit sales for its November quarter rose 11%-12%, versus the consensus estimate of a 7% gain. The firm expects the company's growth to accelerate in FY14 and it maintains an Outperform rating on the stock.
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February 1, 2016
06:51 EDTKMXCarMax promotes Bill Nash to President, Cliff Wood to COO
CarMax announced that, as the culmination of a multi-year management succession plan, Bill Nash has been promoted to President and Cliff Wood has been promoted to COO, effective February 1, 2016. Tom Folliard plans to retire as CEO prior to the end of 2016, at which time it is anticipated that Nash will assume the role of CEO. Upon Folliard's retirement, the board expects that he will serve as the non-executive Chairman of the Board.

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