CarMax, Inc. announced that during the fourth quarter of fiscal 2026, the company opened one new store location in Florence, Kentucky and one stand-alone reconditioning/auction center located in Frederick, Maryland. For fiscal 2027, the company is planning to open four new stores, two stand-alone reconditioning/auction centers, and two stand-alone auction facilities. The company expects capital expenditures of approximately $400 million in fiscal 2027 largely reflecting spending to support future long-term growth in offsite reconditioning and auction facilities, as well as new stores.
CarMax, Inc. is a retailer of used autos. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations. The 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. The CAF segment consists solely of its own finance operation that provides financing for customers buying retail vehicles from the Company. The CAF segment also services all auto loans, it originates and is responsible for providing billing statements, collecting payments, maintaining contact with delinquent customers, and arranging for the repossession of vehicles securing defaulted loans. It provides customers with a range of other related products and services, including extended protection plan (EPP) products and vehicle repair services.
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Global
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ESG MSCI
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