CarMax 2015 Annual Report Download - page 23

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19
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, 2015, there were 208,869,688 shares of CarMax common stock outstanding and we had approximately
4,100 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 2015
High
$ 49.68 $53.70 $57.28 $68.71
Low
$ 42.54 $43.80 $43.27 $55.86
Fiscal 2014
High $ 48.86 $ 50.00 $ 52.47 $ 53.08
Low $ 38.13 $ 42.21 $ 45.91 $ 43.90
We have not paid any dividends on our common stock and do not plan to pay dividends on our common stock for the
foreseeable future. We anticipate that for the foreseeable future any cash flow generated from our operations will be
used to fund our existing operations, capital expenditures and share repurchase program.
During the fourth quarter of fiscal 2015, 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 2015. 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, 2014 1,714,282 $ 59.22 1,714,282 $ 2,478,034,222
January 1-31, 2015 1,087,039 $ 63.81 1,087,039 $ 2,408,945,235
February 1-28, 2015 608,169 $ 65.25 608,169 $ 2,369,263,123
Total 3,409,490  3,409,490 
(1) In fiscal 2013, our board of directors authorized the repurchase of up to $800 million of our common stock which was
exhausted in fiscal 2015. In fiscal 2015, our board of directors authorized the repurchase of up to an additional $3.0 billion
of our common stock of which $1 billion expires on December 31, 2015, and $2 billion expires on December 31, 2016.
Purchases may be made in 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.