CarMax 2012 Annual Report Download - page 23

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17
PART II
Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters and
Issuer Purchases of Equity Securities.
Our common stock is listed and traded on the New York Stock Exchange under the ticker symbol KMX. We are
authorized to issue up to 350,000,000 shares of common stock and up to 20,000,000 shares of preferred stock. As of
February 29, 2012, there were 227,118,666 shares of CarMax common stock outstanding and there were
approximately 4,400 shareholders of record. As of that date, there were no preferred shares outstanding.
The following table presents the quarterly high and low sales prices per share for our common stock for each quarter
during the last two fiscal years, as reported on the New York Stock Exchange composite tape.
1st
Quarter
2nd
Quarter
3rd
Quarter
4th
Quarter
Fiscal 2012
High 35.98$ 34.81$ 31.73$ 33.48$
Low 28.39$ 25.18$ 22.77$ 28.44$
Fiscal 2011
High 26.50$ 22.55$ 34.37$ 37.02$
Low 20.30$ 18.62$ 20.24$ 31.10$
To date, we have not paid a cash dividend on CarMax common stock. We believe it is prudent to retain our net
earnings for use in operations and for geographic expansion, as well as to maintain maximum financial flexibility
and liquidity for our business. Therefore, we do not anticipate paying any cash dividends in the foreseeable future.
During the fourth quarter of fiscal 2012, we sold no CarMax equity securities that were not registered under the
Securities Act of 1933, as amended. In addition, we did not repurchase any CarMax equity securities during this
period.
Performance Graph
The following graph compares the cumulative total shareholder return (stock price appreciation plus dividends, as
applicable) on our common stock for the last five fiscal years with the cumulative total return of the S&P 500 Index
and the S&P 500 Retailing Index. The graph assumes an original investment of $100 in CarMax common stock and
in each index on February 28, 2007, and the reinvestment of all dividends, as applicable.