CarMax (KMX) Board Approves $500M Share Repurchase
- Wall Street indexes flat in pre-holiday lull; health, consumer up
- Market Wrap: Durable Orders Outpace in Oct.; Deere Issues Cautious Outlook; Valeant Combats Short Sellers
- UPDATE: HP, Inc. (HPQ) Misses Q4 EPS by 3c; Issues Q1, FY16 EPS Guidance
- Obama says U.S. is safe as millions set off on Thanksgiving travel
- Deere & Co. (DE) Tops Q4 EPS Views; Sees FY16 Sales Down ~7%
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- CarMax (KMX) Used Car Sales Soften in 3Q; Sterne Agee CRT Cuts Price Target to $68
- Buffalo Wild Wings (BWLD) Approves $200M Buyback
- CDW (CDW) Prices 8M Common Secondary Offering at $44.05/Share
Create E-mail Alert Related CategoriesStock Buybacks
Related EntitiesStock Buyback
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!