CARMAX, INC. (NYSE:KMX) Files An 8-K Results of Operations and Financial Condition

CARMAX, INC. (NYSE:KMX) Files An 8-K Results of Operations and Financial Condition
Item 2.02.

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Results of Operations and Financial Condition.

The registrant issued a press release on June 22, 2018, announcing its first quarter results.The press release is being furnished as Exhibit 99.1 hereto and is incorporated by reference into this Item 2.02.

Item 5.02.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

In connection with the previously announced succession plan, on June 22, 2018, CarMax, Inc. (the “Company”) announced that William C. Wood, Jr., the Company’s executive vice president and chief operating officer, will retire effective July 31, 2018.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits

The following exhibit is being furnished to Item 2.02 above.

Press release, dated June 22, 2018, issued by CarMax, Inc., entitled “CarMax Reports First Quarter Results.”

EX-99.1 2 q1fy19earningsrelease.htm EXHIBIT 99.1 Exhibit CARMAX REPORTS FIRST QUARTER RESULTSRichmond,…
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CarMax, Inc. (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF. The Company’s CAF segment consists of its own finance operation that provides vehicle financing through CarMax stores. The Company operates approximately 160 used car stores in over 70 metropolitan markets. The Company’s products and services include retail merchandising, wholesale auctions, extended protection plans (EPPs), reconditioning and service, and customer credit. The Company’s CarMax Sales Operations segment sells used vehicles, purchases used vehicles from customers and other sources, sells related products and services, and arranges financing options for customers. CAF operates in the auto finance sector of the consumer finance market.

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