CarMax CFO Says In Q1 Intends To Accelerate Pace Of Share Repurchases Above Pace Implemented In Q3 Of Fiscal 2024
Portfolio Pulse from Benzinga Newsdesk
CarMax CFO announced plans to accelerate the pace of share repurchases above the level implemented in Q3 of Fiscal 2024 during a conference call.

April 11, 2024 | 1:19 pm
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CarMax plans to increase the pace of its share repurchase program above the pace set in Q3 of Fiscal 2024, as announced by the CFO.
Accelerating share repurchases typically signals a company's confidence in its financial health and future prospects, often leading to a positive investor sentiment and potentially a rise in stock price in the short term.
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