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Consumer Cyclical - Auto - Dealerships - NYSE - US
$ 78.03
-0.23 %
$ 12.1 B
Market Cap
29.33
P/E
1. INTRINSIC VALUE

CarMax, Inc., together with its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates through two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions. The company also provides reconditioning and vehicle repair services; and financing alternatives for retail customers across a range of credit spectrum through its CarMax Auto Finance and arrangements with various financial institutions.[ Read More ]

The intrinsic value of one KMX stock under the base case scenario is HIDDEN Compared to the current market price of 78 USD, CarMax, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart KMX

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FINANCIALS
26.5 B REVENUE
-10.61%
942 M OPERATING INCOME
-11.74%
479 M NET INCOME
-1.15%
459 M OPERATING CASH FLOW
-64.26%
-467 M INVESTING CASH FLOW
-9.68%
308 M FINANCING CASH FLOW
143.34%
7.01 B REVENUE
-1.40%
150 M OPERATING INCOME
1362.77%
133 M NET INCOME
-12.88%
619 M OPERATING CASH FLOW
626.05%
-110 M INVESTING CASH FLOW
-3.52%
-171 M FINANCING CASH FLOW
-51.87%
Balance Sheet Decomposition CarMax, Inc.
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Current Assets 5.23 B
Cash & Short-Term Investments 574 M
Receivables 221 M
Other Current Assets 4.43 B
Non-Current Assets 22.3 B
Long-Term Investments 17.3 B
PP&E 4.19 B
Other Non-Current Assets 845 M
Current Liabilities 2.31 B
Accounts Payable 934 M
Short-Term Debt 855 M
Other Current Liabilities 524 M
Non-Current Liabilities 19.1 B
Long-Term Debt 18.7 B
Other Non-Current Liabilities 484 M
EFFICIENCY
Earnings Waterfall CarMax, Inc.
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Revenue 26.5 B
Cost Of Revenue 23.8 B
Gross Profit 2.71 B
Operating Expenses 2.29 B
Operating Income 942 M
Other Expenses 463 M
Net Income 479 M
RATIOS
10.22% GROSS MARGIN
10.22%
3.55% OPERATING MARGIN
3.55%
1.81% NET MARGIN
1.81%
7.89% ROE
7.89%
1.74% ROA
1.74%
2.83% ROIC
2.83%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis CarMax, Inc.
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Net Income 479 M
Depreciation & Amortization 260 M
Capital Expenditures -465 M
Stock-Based Compensation 120 M
Change in Working Capital -796 M
Others -522 M
Free Cash Flow -6.69 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets CarMax, Inc.
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Wall Street analysts predict an average 1-year price target for KMX of $81.6 , with forecasts ranging from a low of $68 to a high of $100 .
KMX Lowest Price Target Wall Street Target
68 USD -12.85%
KMX Average Price Target Wall Street Target
81.6 USD 4.62%
KMX Highest Price Target Wall Street Target
100 USD 28.16%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership CarMax, Inc.
image
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
15.9 M USD 7
6-9 MONTHS
1.07 M USD 1
9-12 MONTHS
11.2 M USD 4
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
3 months ago
Jul 29, 2024
Sell 1 M USD
Livesay Jill A
VP, Controller & PAO
- 12000
83.52 USD
3 months ago
Jul 26, 2024
Sell 2.06 M USD
Shamim Mohammad
EVP and CITO
- 25000
82.26 USD
3 months ago
Jul 23, 2024
Sell 802 K USD
Wilson Charles Joseph
EVP and COO
- 10021
80.02 USD
4 months ago
Jul 16, 2024
Sell 778 K USD
Mayor-Mora Enrique N
EVP & CFO
- 9318
83.46 USD
4 months ago
Jul 15, 2024
Sell 1.61 M USD
Stuckey John M III
SVP, Gen Counsel & Secretary
- 19673
82.01 USD
4 months ago
Jul 11, 2024
Sell 9.55 M USD
Nash William D
President & CEO
- 120000
79.62 USD
4 months ago
Jun 26, 2024
Sell 89.2 K USD
Daniels Jon G
SVP, CAF
- 1231
72.46 USD
6 months ago
Apr 23, 2024
Sell 1.07 M USD
Cafritz Diane L
EVP, General Counsel & CCO
- 15356
69.53 USD
9 months ago
Jan 29, 2024
Sell 1.01 M USD
Livesay Jill A
VP, Controller & PAO
- 14199
70.89 USD
9 months ago
Jan 26, 2024
Sell 1.54 M USD
Cafritz Diane L
EVP, General Counsel & CCO
- 22000
70.08 USD
9 months ago
Jan 23, 2024
Sell 193 K USD
Cafritz Diane L
EVP, General Counsel & CCO
- 2730
70.54 USD
10 months ago
Dec 26, 2023
Sell 7.72 M USD
Nash William D
President & CEO
- 102775
75.09 USD
10 months ago
Dec 27, 2023
Sell 776 K USD
Daniels Jon G
SVP, CAF
- 10000
77.56 USD
1 year ago
Jul 20, 2023
Sell 664 K USD
Daniels Jon G
SVP, CAF
- 7783
85.25 USD
1 year ago
Jul 12, 2023
Sell 5.68 M USD
Lyski James
EVP & Chief Marketing Officer
- 67345
84.27 USD
1 year ago
Jul 12, 2023
Sell 812 K USD
Newberry Darren C
SVP
- 9607
84.56 USD
1 year ago
Jul 11, 2023
Sell 845 K USD
Daniels Jon G
SVP, CAF
- 10000
84.52 USD
1 year ago
Jul 11, 2023
Sell 485 K USD
Daniels Jon G
SVP, CAF
- 5730
84.7 USD
1 year ago
Jul 03, 2023
Sell 8.51 M USD
Nash William D
President & CEO
- 102787
82.83 USD
1 year ago
Jul 03, 2023
Sell 5.58 M USD
Nash William D
President & CEO
- 67859
82.18 USD
1 year ago
Jun 28, 2023
Sell 143 K USD
Cafritz Diane L
EVP, General Counsel & CHRO
- 1706
83.85 USD
1 year ago
Jun 28, 2023
Sell 2.29 M USD
Daniels Jon G
SVP, CAF
- 27783
82.42 USD
1 year ago
Jun 28, 2023
Sell 1.18 M USD
Livesay Jill A
VP, Controller & PAO
- 14000
84.5 USD
1 year ago
Jun 28, 2023
Sell 1.88 M USD
Shamim Mohammad
EVP and CITO
- 22522
83.69 USD
1 year ago
Jun 28, 2023
Sell 444 K USD
Shamim Mohammad
EVP and CITO
- 5260
84.39 USD
1 year ago
Dec 30, 2022
Bought 501 K USD
Nash William D
President & CEO
+ 8220
60.98 USD
2 years ago
Jul 21, 2022
Sell 1.47 M USD
Cafritz Diane L
EVP, General Counsel & CHRO
- 15555
94.75 USD
2 years ago
Jul 18, 2022
Sell 325 K USD
Shamim Mohammad
EVP and CITO
- 3456
93.91 USD
2 years ago
Jul 01, 2022
Sell 1.37 M USD
Cafritz Diane L
EVP, General Counsel & CHRO
- 15000
91.12 USD
2 years ago
Jul 01, 2022
Sell 281 K USD
Cafritz Diane L
EVP, General Counsel & CHRO
- 3092
90.76 USD
2 years ago
Dec 30, 2021
Sell 2.05 M USD
Wilson Charles Joseph
SVP
- 16059
127.48 USD
3 years ago
Aug 03, 2021
Sell 8.81 M USD
Lyski James
EVP & Chief Marketing Officer
- 63129
139.54 USD
3 years ago
Jul 21, 2021
Sell 1.91 M USD
Shamim Mohammad
EVP and CITO
- 14093
135.19 USD
3 years ago
Jul 21, 2021
Sell 1.14 M USD
Shamim Mohammad
EVP and CITO
- 8341
136.4 USD
3 years ago
Jul 16, 2021
Sell 1.65 M USD
BLAYLOCK RONALD E
Director
- 12500
132.02 USD
3 years ago
Jul 15, 2021
Sell 1.11 M USD
Shamim Mohammad
EVP and CITO
- 8400
131.74 USD
3 years ago
Jul 15, 2021
Sell 235 K USD
Shamim Mohammad
EVP and CITO
- 1797
131.04 USD
3 years ago
Jul 15, 2021
Sell 982 K USD
Shamim Mohammad
EVP and CITO
- 7500
131 USD
3 years ago
Jul 15, 2021
Sell 432 K USD
Shamim Mohammad
EVP and CITO
- 3300
130.92 USD
3 years ago
Jul 15, 2021
Sell 665 K USD
Shamim Mohammad
EVP and CITO
- 5100
130.37 USD
3 years ago
Jul 09, 2021
Sell 473 K USD
Hill Edwin J
EVP & COO
- 3505
134.99 USD
3 years ago
Jul 12, 2021
Sell 3.16 M USD
Hill Edwin J
EVP & COO
- 23362
135.2 USD
3 years ago
Jul 09, 2021
Sell 403 K USD
Hill Edwin J
EVP & COO
- 3003
134.33 USD
3 years ago
Jul 06, 2021
Sell 2.12 M USD
Cafritz Diane L
SVP, General Counsel & CHRO
- 16000
132.59 USD
3 years ago
Jul 06, 2021
Sell 477 K USD
Cafritz Diane L
SVP, General Counsel & CHRO
- 3580
133.12 USD
3 years ago
Jun 29, 2021
Sell 849 K USD
Wilson Charles Joseph
SVP
- 6502
130.61 USD
3 years ago
Jun 29, 2021
Sell 1.83 M USD
Wilson Charles Joseph
SVP
- 14097
129.51 USD
3 years ago
Jun 30, 2021
Sell 1.56 M USD
Mayor-Mora Enrique N
SVP & CFO
- 12031
129.94 USD
3 years ago
Jun 29, 2021
Sell 2.09 M USD
Margolin Eric M
EVP, Legal
- 15999
130.73 USD
3 years ago
Jun 29, 2021
Sell 1.96 M USD
Margolin Eric M
EVP, Legal
- 15064
130.27 USD
3 years ago
Jun 29, 2021
Sell 5.95 M USD
Hill Edwin J
EVP & COO
- 45533
130.75 USD
3 years ago
Jun 29, 2021
Sell 4.63 M USD
Hill Edwin J
EVP & COO
- 35530
130.29 USD
3 years ago
Jun 29, 2021
Sell 300 K USD
Hill Edwin J
EVP & COO
- 2300
130.25 USD
3 years ago
Jun 29, 2021
Sell 432 K USD
Hill Edwin J
EVP & COO
- 3302
130.78 USD
3 years ago
Jun 29, 2021
Sell 1.79 M USD
Daniels Jon G
SVP, CAF
- 13729
130.74 USD
3 years ago
Jun 29, 2021
Sell 1.86 M USD
Daniels Jon G
SVP, CAF
- 14271
130.26 USD
3 years ago
Jun 29, 2021
Sell 523 K USD
Daniels Jon G
SVP, CAF
- 4002
130.69 USD
3 years ago
Apr 12, 2021
Sell 13.1 M USD
FOLLIARD THOMAS J
Director
- 99289
131.86 USD
3 years ago
Apr 12, 2021
Sell 11.2 M USD
FOLLIARD THOMAS J
Director
- 85831
131.01 USD
3 years ago
Feb 08, 2021
Sell 1.09 M USD
Daniels Jon G
SVP, CAF
- 8548
127.74 USD
3 years ago
Feb 08, 2021
Sell 1.48 M USD
Daniels Jon G
SVP, CAF
- 11581
127.4 USD
3 years ago
Feb 05, 2021
Sell 1.16 M USD
Mayor-Mora Enrique N
SVP & CFO
- 9147
126.31 USD
3 years ago
Jan 20, 2021
Sell 1.18 M USD
Newberry Darren C
SVP
- 9462
124.23 USD
3 years ago
Jan 20, 2021
Sell 1.33 M USD
Newberry Darren C
SVP
- 10713
123.82 USD
3 years ago
Jan 20, 2021
Sell 1.73 M USD
Nash William D
President & CEO
- 13931
124.11 USD
3 years ago
Jan 20, 2021
Sell 3.24 M USD
Nash William D
President & CEO
- 26179
123.64 USD
3 years ago
Jan 20, 2021
Sell 7.35 M USD
Nash William D
President & CEO
- 59890
122.69 USD
3 years ago
Jan 20, 2021
Sell 922 K USD
Mayor-Mora Enrique N
SVP & CFO
- 7872
117.08 USD
3 years ago
Jan 20, 2021
Sell 2.48 M USD
MARGOLIN ERIC M
EVP, Gen. Counsel & Secretary
- 20000
123.82 USD
3 years ago
Jan 21, 2021
Sell 927 K USD
Hill Edwin J
EVP & COO
- 7649
121.14 USD
3 years ago
Jan 21, 2021
Sell 3.3 M USD
Hill Edwin J
EVP & COO
- 27351
120.58 USD
3 years ago
Jan 14, 2021
Sell 1.6 M USD
MARGOLIN ERIC M
EVP, Gen. Counsel & Secretary
- 15000
106.68 USD
3 years ago
Jan 12, 2021
Sell 3.75 M USD
Reedy Thomas W JR
EVP of Finance
- 35321
106.04 USD
3 years ago
Jan 12, 2021
Sell 6.23 M USD
Nash William D
President & CEO
- 58674
106.23 USD
3 years ago
Jan 12, 2021
Sell 5 M USD
Hill Edwin J
EVP & COO
- 47096
106.11 USD
3 years ago
Jan 12, 2021
Sell 1.9 M USD
Cafritz Diane L
SVP & CHRO
- 17861
106.32 USD
3 years ago
Jan 08, 2021
Sell 1.54 M USD
MARGOLIN ERIC M
EVP, Gen. Counsel & Secretary
- 15000
102.51 USD
3 years ago
Dec 30, 2020
Sell 1.37 M USD
Reedy Thomas W JR
EVP of Finance
- 14647
93.53 USD
4 years ago
Sep 30, 2020
Bought 252 K USD
ONeil Mark F
Director
+ 2700
93.4 USD
4 years ago
Aug 10, 2020
Sell 7.58 M USD
Reedy Thomas W JR
EVP of Finance
- 74220
102.18 USD
4 years ago
Aug 10, 2020
Sell 905 K USD
MARGOLIN ERIC M
EVP, Gen. Counsel & Secretary
- 8863
102.11 USD
4 years ago
Aug 07, 2020
Sell 1.52 M USD
MARGOLIN ERIC M
EVP, Gen. Counsel & Secretary
- 15124
100.26 USD
4 years ago
Aug 04, 2020
Sell 7.28 M USD
Lyski James
EVP & Chief Marketing Officer
- 73235
99.4 USD
4 years ago
Jul 23, 2020
Sell 1.43 M USD
Daniels Jon G
SVP, CAF
- 14421
99.5 USD
4 years ago
Jul 23, 2020
Sell 721 K USD
Daniels Jon G
SVP, CAF
- 7296
98.76 USD
4 years ago
Jul 21, 2020
Sell 556 K USD
MARGOLIN ERIC M
EVP, Gen. Counsel & Secretary
- 5781
96.12 USD
4 years ago
Jul 22, 2020
Sell 3.23 M USD
MARGOLIN ERIC M
EVP, Gen. Counsel & Secretary
- 33026
97.89 USD
4 years ago
Jul 22, 2020
Sell 206 K USD
Livesay Jill A
VP, Controller & PAO
- 2107
98 USD
4 years ago
Jul 22, 2020
Sell 16.6 M USD
FOLLIARD THOMAS J
Director
- 169564
97.78 USD
4 years ago
Jul 22, 2020
Sell 8.28 M USD
FOLLIARD THOMAS J
Director
- 85167
97.26 USD
4 years ago
Jul 22, 2020
Sell 637 K USD
Cafritz Diane L
SVP & CHRO
- 6562
97.09 USD
4 years ago
Jul 17, 2020
Sell 1.2 M USD
MARGOLIN ERIC M
EVP, Gen. Counsel & Secretary
- 12525
95.76 USD
4 years ago
Jul 16, 2020
Sell 9.23 M USD
Hill Edwin J
EVP & COO
- 97167
95.02 USD
4 years ago
Jul 16, 2020
Sell 395 K USD
Hill Edwin J
EVP & COO
- 4143
95.46 USD
4 years ago
Jul 15, 2020
Sell 2.44 M USD
Daniels Jon G
SVP, CAF
- 25968
94.02 USD
4 years ago
Jul 13, 2020
Sell 912 K USD
BLAYLOCK RONALD E
Director
- 10200
89.37 USD
4 years ago
Jun 23, 2020
Sell 645 K USD
Reedy Thomas W JR
EVP of Finance
- 6831
94.46 USD
4 years ago
Jun 23, 2020
Sell 109 K USD
Reedy Thomas W JR
EVP of Finance
- 1171
93.36 USD
4 years ago
Jun 23, 2020
Sell 4.21 M USD
Reedy Thomas W JR
EVP of Finance
- 45695
92.18 USD
4 years ago
Jun 23, 2020
Sell 456 K USD
Wilson Charles Joseph
SVP
- 4823
94.54 USD
4 years ago
Jun 23, 2020
Sell 18.7 K USD
Wilson Charles Joseph
SVP
- 200
93.33 USD
4 years ago
Jun 23, 2020
Sell 3.14 M USD
Wilson Charles Joseph
SVP
- 34062
92.16 USD
4 years ago
Jun 23, 2020
Sell 334 K USD
Shamim Mohammad
SVP and CIO
- 3619
92.16 USD
4 years ago
Jun 23, 2020
Sell 1.12 M USD
Shamim Mohammad
SVP and CIO
- 12163
91.78 USD
4 years ago
Jun 23, 2020
Sell 2.45 M USD
Mayor-Mora Enrique N
SVP & CFO
- 26553
92.18 USD
4 years ago
Jun 23, 2020
Sell 1.01 M USD
Mayor-Mora Enrique N
SVP & CFO
- 10947
92.07 USD
4 years ago
Jun 23, 2020
Sell 113 K USD
MARGOLIN ERIC M
EVP, Gen. Counsel & Secretary
- 1200
94.32 USD
4 years ago
Apr 17, 2020
Bought 99.1 K USD
Goodman Shira
Director
+ 1550
63.91 USD
7. News
3 No-Brainer Stocks to Buy With $100 Right Now These three stocks could be a great start to a long-term buy-and-hold portfolio. fool.com - 3 weeks ago
Calls of the Day: General Motors, GE Healthcare, Thermo Fisher, HealthEquity, Carmax and SharkNinja The Investment Committee debate the latest Calls Of The Day and Jim Lebenthal responds to Sarat Sethi selling out of General Motors youtube.com - 1 month ago
CarMax's Impressive Rally: What Investors Should Watch Next Shares of CarMax Inc. NYSE: KMX jumped by over 15.3% in a single day following the company's latest quarterly earnings release. Investors in the know are already aware of what is happening to the car market, particularly the divergences between used cars and new cars. marketbeat.com - 1 month ago
CarMax: Still Overvalued Relative To Peers CarMax lacks competitive advantages and has underperformed the market, with stagnant stock prices, while the S&P 500 gained 30% over the same period. CarMax's Q2 results showed mixed performance, with retail used unit sales up but overall revenue down 4.3% due to a strong decline in wholesale vehicles. KMX's margins and ROIC are significantly lower than its peers, indicating a weaker competitive position and capital allocation. seekingalpha.com - 1 month ago
CarMax Focuses on Seamless Customer Experience to Grow Loyalty As CarMax adapts to a shifting automotive landscape, the company is focused on improving the customer experience to maintain its leadership as the nation's largest used car dealer. Despite a 12.7% decrease in wholesale sales (where vehicles are auctioned off to auto dealers), CarMax on Thursday (Sept. pymnts.com - 1 month ago
CarMax Q2 Earnings Miss Expectations, Revenues Decline Y/Y KMX fiscal second-quarter earnings miss the Zacks Consensus Estimate while revenues beat the same. zacks.com - 1 month ago
CarMax shares climb despite quarterly earnings miss CarMax Inc (NYSE:KMX) shares moved higher after the used car retailer posted mixed earnings for the second quarter. Its earnings per share (EPS) of $0.85 fell shy of estimates of $0.86, but marked an improvement from $0.75 in the year-ago period. proactiveinvestors.com - 1 month ago
CarMax Results Boosted by Improved Retail Unit Sales CarMax (KMX) shares drove higher Thursday after the biggest U.S. used car retailer posted better-than-anticipated results on higher retail vehicle sales. investopedia.com - 1 month ago
CarMax, Inc. (KMX) Q2 2025 Earnings Call Transcript CarMax, Inc. (NYSE:KMX ) Q2 2025 Earnings Conference Call September 26, 2024 9:00 AM ET Company Participants David Lowenstein - Vice President, Investor Relations Bill Nash - President and Chief Executive Officer Enrique Mayor-Mora - Executive Vice President and Chief Financial Officer Jon Daniels - Senior Vice President, CarMax Auto Finance Operations Conference Call Participants Seth Basham - Wedbush Securities Sharon Zackfia - William Blair John Murphy - Bank of America Brian Nagel - Oppenheimer Rajat Gupta - JP Morgan David Bellinger - Mizuho Craig Kennison - Baird Scot Ciccarelli - Truist Chris Pierce - Needham Ian Davis - BNP Paribas John Healy - North Coast Research David Whiston - Morningstar Ladies and gentlemen, thank you for standing by. Welcome to the Second Quarter Fiscal Year 2025, CarMax Earnings Release Conference Call. seekingalpha.com - 1 month ago
CarMax (KMX) Reports Q2 Earnings: What Key Metrics Have to Say Although the revenue and EPS for CarMax (KMX) give a sense of how its business performed in the quarter ended August 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. zacks.com - 1 month ago
CarMax (KMX) Lags Q2 Earnings Estimates CarMax (KMX) came out with quarterly earnings of $0.85 per share, missing the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.75 per share a year ago. zacks.com - 1 month ago
Concentrix Reports Weak Earnings, Joins CarMax And Other Big Stocks Moving Lower In Thursday's Pre-Market Session U.S. stock futures were higher this morning, with the Dow futures gaining around 200 points on Thursday. benzinga.com - 1 month ago
8. Profile Summary

CarMax, Inc. KMX

image
COUNTRY US
INDUSTRY Auto - Dealerships
MARKET CAP $ 12.1 B
Dividend Yield 0.00%
Description CarMax, Inc., together with its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates through two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions. The company also provides reconditioning and vehicle repair services; and financing alternatives for retail customers across a range of credit spectrum through its CarMax Auto Finance and arrangements with various financial institutions. As of February 28, 2022, it operated approximately 230 used car stores. CarMax, Inc. was founded in 1993 and is based in Richmond, Virginia.
Contact 12800 Tuckahoe Creek Parkway, Richmond, VA, 23238 https://www.carmax.com
IPO Date Feb. 4, 1997
Employees 30000
Officers Mr. Jon G. Daniels Senior Vice President of CarMax Auto Finance Gautam Puranik Vice President of Strategy & Chief Data Officer Mr. Charles Joseph Wilson Executive Vice President & Chief Operating Officer Mr. James R. Lyski Executive Vice President, Chief Growth & Strategy Officer Mr. David L. Lowenstein Vice President of Investor Relations Mr. John M. Stuckey III Senior Vice President, General Counsel & Corporate Secretary Ms. Trina Hoppin Lee Assistant Vice President of Public Affairs & Communications Mr. Darren C. Newberry Senior Vice President of Store & CEC Execution Ms. Jill A. Livesay Vice President, Chief Accounting Officer & Controller Mr. Enrique N. Mayor-Mora Executive Vice President & Chief Financial Officer