CarMax (KMX) Board Approves $500M Share Repurchase

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CarMax, Inc. (NYSE: KMX) today announced that its Board of Directors has approved a $500 million extension of its existing share repurchase program for the company's outstanding common stock. This extension is in addition to the previously announced $300 million repurchase authorization approved by the Board on October 17, 2012. This $500 million authorization expires on December 31, 2014.

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