Business
Circuit City Stores Inc.’
Feb. 7, 2002
CarMax Inc., the used-car retailer spun off from Circuit City Stores Inc., said fiscal first-quarter earnings rose 2% as the company sold more used vehicles than expected.
June 21, 2003
The used-vehicle dealer cites a 21% fall in gasoline prices and raises its fiscal 2007 forecast. Shares surge.
Dec. 21, 2006
CarMax Auto Superstores Inc., the car sales unit of Circuit City Stores Inc., said its fiscal first-half profit probably will exceed forecasts.
May 9, 2001
Autos
Autos: Firm also signs deal with Nissan to own, operate franchises. Moves are efforts to compete with rival dealership AutoNation.
May 7, 1998
Circuit City to Expand Used-Car Superstore Chain: Ending a three-year test, Circuit City Stores Inc. announced plans to open as many as 90 CarMax outlets in 45 metropolitan areas, including Los Angeles, by 2001.
June 12, 1996
Circuit City Stores Inc. warned that fourth-quarter earnings for its retailing operations will miss Wall Street expectations and said it planned to spin off its profitable CarMax division.
Feb. 23, 2002
Marketing: Electronics giant hopes to transfer its expertise, offering late-model, low-mileage vehicles with a warranty, and with no haggling over the price. Outlets aim to be user-friendly.
Jan. 28, 1996
Used-car dealer CarMax Inc. posted a 46% jump in profit for its latest quarter, helped by improved store traffic and people replacing cars destroyed by Hurricane Katrina.
Dec. 22, 2005
Autos: CarMax delays L.A. openings; AutoNation halts expansion. Analysts say firms bet wrong that customers would pay for better service, selection.
Feb. 24, 1999