CarMax 2010 Annual Report Download - page 52

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42
In our opinion, the consolidated financial statements and financial statement schedule referred to above present
fairly, in all material respects, the financial position of CarMax, Inc. and subsidiaries as of February 28, 2010 and
2009, and the results of their operations and their cash flows for each of the fiscal years in the three-year period
ended February 28, 2010, in conformity with U.S. generally accepted accounting principles. Also in our opinion, the
Company maintained, in all material respects, effective internal control over financial reporting as of
February 28, 2010, based on criteria established in Internal Control — Integrated Framework issued by COSO.
As discussed in note 12 to the consolidated financial statements, the Company adopted the provisions of
FASB Accounting Standards Codification Topic 260, Earnings Per Share, effective March 1, 2009.
Richmond, Virginia
April 26, 2010