CarMax Announces First Quarter Conference Call and Annual Meeting Information

Rhea-AI Summary

CarMax (NYSE:KMX) will announce its Q1 financial results for the period ending May 31, 2024, on June 21, 2024, before market open. The company will host a conference call at 9:00 a.m. ET, featuring key executives Bill Nash, Enrique Mayor-Mora, and Jon Daniels, to discuss the results. Investors can join by dialing provided numbers or via a live webcast at investors.carmax.com. A replay will be available until September 25, 2024.

The annual meeting of shareholders is scheduled for June 25, 2024, at 1:00 p.m. ET, to be held virtually with a live webcast accessible on the same website. Replays will be available after the event.

CarMax, the largest U.S. retailer of used autos, sold approximately 770,000 used and 550,000 wholesale vehicles in fiscal 2024, with CarMax Auto Finance originating over $8 billion in receivables. The company boasts 245 locations and nearly 30,000 employees.

Positive

• CarMax will release Q1 2024 financial results, providing transparency to investors.
• Key executives will discuss Q1 results, offering insights into company performance.
• Annual meeting of shareholders will be held virtually, promoting accessibility.
• CarMax sold approximately 770,000 used vehicles and 550,000 wholesale vehicles in fiscal 2024, indicating strong sales performance.
• CarMax Auto Finance originated over $8 billion in receivables in fiscal 2024, expanding their financial portfolio.
• CarMax has 245 store locations and nearly 30,000 associates, showing significant operational scale.

Negative

• No in-person meeting location for the annual meeting, which may be less effective for some shareholders.
• The replay of the Q1 results webcast is only available until September 25, 2024, limiting long-term accessibility for some investors.

RICHMOND, Va.--(BUSINESS WIRE)-- CarMax, Inc. (NYSE:KMX) will report its financial results for the first quarter ended May 31, 2024 before the market opens on June 21, 2024, and it will host a conference call with investors at 9:00 a.m. ET to discuss these results.

Participants on the call will include Bill Nash, president and CEO, Enrique Mayor-Mora, executive vice president, CFO and Jon Daniels, senior vice president, CAF Operations. The live conference call can be accessed by dialing (800) 225-9448 (or (203) 518-9708 for international access) and entering the conference ID 3171396. A live audio webcast also will be available at investors.carmax.com.

A replay of the webcast will be available on the company’s website at investors.carmax.com through September 25, 2024 or via telephone (for approximately one week) by dialing (800) 839-5204 (or (402) 220-2697 for international access).

June 25, 2024 – CarMax Annual Meeting of Shareholders

The CarMax 2024 annual meeting of shareholders will be held on Tuesday, June 25, 2024 beginning at 1:00 p.m. ET. The meeting will be held virtually and there will be no in-person meeting location. A live webcast of the meeting will be available at investors.carmax.com and a webcast replay will be available following the event.

About CarMax

CarMax, the nation’s largest retailer of used autos, revolutionized the automotive retail industry by driving integrity, honesty and transparency in every interaction. The company offers a truly personalized experience with the option for customers to do as much, or as little, online and in-store as they want. During the fiscal year ended February 29, 2024, CarMax sold approximately 770,000 used vehicles and 550,000 wholesale vehicles at its auctions. In addition, CarMax Auto Finance originated more than $8 billion in receivables during fiscal 2024, adding to its nearly $17 billion portfolio. CarMax has 245 store locations, nearly 30,000 associates, and is proud to have been recognized for 20 consecutive years as one of the Fortune 100 Best Companies to Work For®. CarMax is committed to making a positive impact on people, communities and the environment. Learn more in the 2024 Responsibility Report. For more information, visit www.carmax.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240529919973/en/

Investors:

David Lowenstein

investor_relations@carmax.com, (804) 747-0422 ext. 7865

Media:

pr@carmax.com, (855) 887-2915

Source: CarMax, Inc.

FAQ

When will CarMax report its Q1 2024 financial results?

CarMax will report its Q1 2024 financial results on June 21, 2024, before the market opens.

How can I join the CarMax Q1 2024 conference call?

You can join the CarMax Q1 2024 conference call on June 21, 2024, at 9:00 a.m. ET by dialing (800) 225-9448 with ID 3171396 or through the live webcast at investors.carmax.com.

When is the CarMax 2024 annual meeting of shareholders?

The CarMax 2024 annual meeting of shareholders is scheduled for June 25, 2024, at 1:00 p.m. ET.

How can shareholders access the CarMax annual meeting?

The CarMax annual meeting will be held virtually and can be accessed via a live webcast at investors.carmax.com.

How many vehicles did CarMax sell in fiscal 2024?

CarMax sold approximately 770,000 used vehicles and 550,000 wholesale vehicles in fiscal 2024.