CarMax 2013 Annual Report Download - page 22

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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 28, 2013, there were 225,906,108 shares of CarMax common stock outstanding and we had approximately
4,300 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 2013
High
$ 35.17 $ 30.68 $ 36.55 $ 40.22
Low
$ 27.28 $ 24.83 $ 28.04 $ 34.21
Fiscal 2012
High $ 35.98 $ 34.81 $ 31.73 $ 33.48
Low $ 28.39 $ 25.18 $ 22.77 $ 28.44
To date, we have not paid a cash dividend on CarMax common stock.
During the fourth quarter of fiscal 2013, we sold no CarMax equity securities that were not registered under the
Securities Act of 1933, as amended.
Issuer Purchases of Equity Securities
The following table provides information relating to the company’s repurchase of common stock during the fourth
quarter of fiscal 2013. The table does not include transactions related to employee equity awards or the exercises of
employee stock options.
Approximate
Dollar Value
Total Number of Shares that
Total Number Average of Shares Purchased May Yet Be
of Shares Price Paid as Part of Publicly Purchased Under
Period Purchased per Share Announced Programs the Programs (1)
December 1-31, 2012 1,508,000 $ 36.03 1,508,000 $ 185,428,374
January 1-31, 2013 1,157,100 $ 38.16 1,157,100 $ 641,276,583
February 1-28, 2013 1,352,600 $ 39.31 1,352,600 $ 588,108,852
Total 4,017,700
 4,017,700 
(1) On October 17, 2012, our board of directors authorized the repurchase of up to $300 million of our common
stock. This $300 million authorization expires on December 31, 2013. On January 29, 2013, our board of
directors authorized an additional $500 million for the repurchase of our common stock. This $500 million
authorization expires on December 31, 2014. Purchases may be made in the open market or privately
negotiated transactions at management’s discretion and the timing and amount of repurchases are determined
based on share price, market conditions, legal requirements and other factors. Shares repurchased are deemed
authorized but unissued shares of common stock.
18