CarMax, Inc. (NYSE:KMX) will speak at the 8th Annual Cowen and Company Consumer Conference on Monday, January 11. The conference will be held at the Westin New York at Times Square. Representing the company will be CarMax Vice President, Investor Relations, Katharine Kenny. Kenny will begin the presentation at 2:30 pm ET. Interested parties may listen to Kenny’s presentation online at http://investor.carmax.com/. The webcast will remain on the site until February 11, 2010.
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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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