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Stock Market & Financial Investment News

News Breaks
December 18, 2012
07:59 EDTKMXCarMax shares should be bought on any weakness, says Oppenheimer
Oppenheimer is optimistic that CarMax's Q3 results will mark the key turning point for the company and the firm expects the company's used car sales to strengthen through 2013. The firm believes that investors may react cautiously to the company's Q3 results on December 20 and recommends buying the shares on any weakness.
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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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