CarMax, Inc. (NYSE:KMX) has announced that it will release the third quarter earnings for 2010 on Friday, December 18. The company has scheduled a conference call 9:00 am ET that morning to discuss the financial results. Interested parties may listen to the call by dialing 1.888.298.3261, or 1.706.679.7457 for international callers. The conference ID is 64978621. The call will also be available via webcast on the company’s investor website, http://investor.carmax.com. The webcast will remain on the site until March 31, 2010. To listen to a telephone replay of the call, dial 1.800.642.1687, or 1.706.645.9291, and enter the conference ID 64978621.
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CarMax, Inc. is a holding company and its operations are conducted through its subsidiaries. The Company is a retailer of used cars, which retailed 345,465 used vehicles during the fiscal year ended February 28, 2009 (fiscal 2009). As of February 28, 2009, it operated 100 used car superstores in 46 metropolitan markets. In addition, it sold 194,081 wholesale vehicles, during fiscal 2009, through on-site auctions. The Company purchases, reconditions and sells used vehicles. Approximately 85% of the used vehicles it retails are 1 to 6 years old with fewer than 60,000 miles. It also offers a selection of used vehicles at each superstore that are more than 6 years old or have more than 60,000 miles, if they meet similar quality standards.
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