CarMax's CEO Discusses Q4 2012 Results - Earnings Call Transcript

CarMax (KMX)

Q4 2012 Earnings Call

April 05, 2012 9:00 am ET

Executives

Katharine W. Kenny - Vice President of Investor Relations

Thomas J. Folliard - Chief Executive Officer, President and Director

Thomas W. Reedy - Chief Financial Officer and Executive Vice President

Analysts

Brian W. Nagel - Oppenheimer & Co. Inc., Research Division

Austin Pauls - RBC Capital Markets, LLC, Research Division

Craig R. Kennison - Robert W. Baird & Co. Incorporated, Research Division

Matthew R. Nemer - Wells Fargo Securities, LLC, Research Division

Elizabeth Lane - BofA Merrill Lynch, Research Division

Sharon Zackfia - William Blair & Company L.L.C., Research Division

Simeon Gutman - Crédit Suisse AG, Research Division

Dan Galves - Deutsche Bank AG, Research Division

Matthew J. Fassler - Goldman Sachs Group Inc., Research Division

Clint D. Fendley - Davenport & Company, LLC, Research Division

William R. Armstrong - CL King & Associates, Inc.

Unknown Analyst

David Whiston - Morningstar Inc., Research Division

Presentation

Operator

Good morning, my name is Bettina, and I will be your conference operator today. At this time, I would like to welcome everyone to the Quarter 4 Fiscal Year 2012 Conference Call. [Operator Instructions] Ms. Kenny, you may begin your conference.

Katharine W. Kenny

Good morning. Thank you for joining our Fiscal 2012 Fourth Quarter Earnings Conference Call today. On the call with me today are Tom Folliard, our President and Chief Executive Officer; and Tom Reedy, our Executive Vice President and CFO.

Before we begin, let me remind you that our statements today regarding the company's future business plans, prospects and financial performance are forward-looking statements that we make pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current knowledge and assumptions about future events that involve risks and uncertainties that could cause actual events -- actual results to differ materially from our expectations. In providing projections and other forward-looking statements, the company disclaims any intent or obligation to update them.

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