We repurchased 1.2 million shares of common stock for $113.6 million pursuant to our share repurchase program during the fourth quarter of fiscal 2020. Factors related to seasonal fluctuations in our business. CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. unless you change your configuration again, or you delete your ET today, April 2, 2020. At some CarMax stores, customers are required to schedule appointments before visiting, in accordance with government mandates. For the fiscal year, as expected, advertising expense per used unit rose modestly to $230 versus $222 in fiscal 2019.
In March, subsequent to the end of the quarter, we opened a store in the Tampa, Florida market. CarMax continues to innovate and is currently rolling out an omni-channel experience, providing customers the option to complete transactions entirely from home, in store, or in a seamless combination of both.

Please disable your ad blocker (or update your settings to ensure that javascript and cookies are enabled), so that we can continue to provide you with the first-rate market news and data you've come to expect from us. What is the Shanghai Stock Exchange Composite Index? (1) Excludes compensation and benefits related to reconditioning and vehicle repair service, which are included in cost of sales. investor_relations@carmax.com, (804) 747-0422 x7865, Investor Relations Department Our omni-channel experience was available to more than 60% of customers as of the end of fiscal 2020. To change your email options at any time, re-enter your email address and click Submit, then adjust your form entries. Media Inquiries Also contributing to the robust sales growth were solid execution by the associates in our stores and customer experience centers and an overall favorable used car sales environment. Fourth Quarter Business Performance Review: Sales Business Wire. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. Persons interested in participating in the company’s earnings conference call can do so using this link.
Total wholesale unit sales increased 2.0% in the fourth quarter and 4.2% for the fiscal year. Implementing new social distancing guidelines in all locations including modifying procedures and operations to enable associates to maintain six feet of distance between associate and customer interactions. Due to the current conditions where approximately half of CarMax’s stores are closed or operating on a limited basis, and consumer demand has progressively deteriorated in recent weeks, CarMax is taking the … Events that damage our reputation or harm the perception of the quality of our brand. Such forward-looking statements are based upon management’s current knowledge and assumptions about future events and involve risks and uncertainties that could cause actual results to differ materially from anticipated results.

Persons interested in participating in the company’s earnings conference call can do so using this link. These symbols will be available during your session for use on applicable pages.