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Stock Market & Financial Investment News

News Breaks
June 24, 2014
13:25 EDTKMXCarMax accused of deceptive advertising, NY Times says
Eleven consumer groups asked the Federal Trade Commission to investigate CarMax for alleged deceptive ads, according to The New York Times. Although CarMax says in its ads that its vehicles undergo rigorous inspections, the company does not fix vehicles that have been recalled before selling them, the newspaper quoted the groups as saying. Reference Link
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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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