CarMax Announces First Quarter Conference Call and Annual Meeting Information

Rhea-AI Summary

CarMax, Inc. (NYSE:KMX) will announce its financial results for Q1 ended May 31, 2022, on June 24, 2022, and hold a conference call for investors at 9:00 a.m. ET. Key executives will participate in the call, which will be accessible via phone and a live audio webcast. Additionally, CarMax's annual shareholder meeting is scheduled for June 28, 2022, at 1:00 p.m. ET, to be held virtually. The company is known for its significant sales, selling approximately 924,000 used vehicles and 706,000 wholesale vehicles in fiscal year 2022, with over $9 billion in finance receivables originated.

Positive

• Sold approximately 924,000 used vehicles and 706,000 wholesale vehicles in FY 2022.
• Originated over $9 billion in finance receivables during fiscal 2022.
• Recognized as one of Fortune 100 Best Companies to Work For® for 18 consecutive years.

Negative

• None.

RICHMOND, Va.--(BUSINESS WIRE)-- CarMax, Inc. (NYSE:KMX) will report its financial results for the first quarter ended May 31, 2022 before the market opens on June 24, 2022, 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) 289-0720 (or (323) 701-0160 for international access) and entering the conference ID 3170513. 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 28, 2022, or via telephone (for approximately one week) by dialing (888) 203-1112 (or (719) 457-0820 for international access) and entering the conference ID 3170513.

June 28, 2022 – CarMax Annual Meeting of Shareholders

The CarMax 2022 annual meeting of shareholders will be held on Tuesday, June 28, 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. CarMax also provides a variety of vehicle delivery methods, including home delivery, express pickup and appointments in its stores. During the fiscal year ended February 28, 2022, CarMax sold approximately 924,000 used vehicles and 706,000 wholesale vehicles at its auctions. In addition, CarMax Auto Finance originated more than $9 billion in receivables during fiscal 2022, adding to its nearly $16 billion portfolio. CarMax has more than 230 stores, more than 30,000 Associates, and is proud to have been recognized for 18 consecutive years as one of the Fortune 100 Best Companies to Work For®. For more information, visit www.carmax.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220609005743/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 financial results for Q1 2022?

CarMax will report its financial results for Q1 2022 on June 24, 2022.

What time is the CarMax conference call for investors?

The CarMax conference call for investors is scheduled for 9:00 a.m. ET on June 24, 2022.

Where can I access the CarMax annual meeting of shareholders?

The CarMax annual meeting on June 28, 2022, will be held virtually and can be accessed via their investor website.

What were CarMax's vehicle sales figures for fiscal year 2022?

In fiscal year 2022, CarMax sold approximately 924,000 used vehicles and 706,000 wholesale vehicles.

How much financing did CarMax originate in fiscal 2022?

CarMax originated over $9 billion in finance receivables during fiscal 2022.