Full Transcript of CarMax’s F3Q06 (Qtr Ending Nov 30, 2005) Conference Call — Prepared Remarks (KMX)

Here’s the entire text of the prepared remarks from CarMax’s (ticker: KMX) fiscal Q3 2006 conference call. The Q&A is here. We recognize that this transcript may contain inaccuracies - if you find any, please post a comment below and we’ll incorporate your corrections. And please note: this conference call transcript is a Seeking Alpha product, so feel free to link to it but reproduction is not permitted without the explicit permission of Seeking Alpha.

Executives:

Dandy Barrett, Assistant Vice President, Investor Relations
Austin Ligon, President and Chief Executive Officer
Keith Browning, Executive Vice President and Chief Financial Officer

Analysts:

Mark Rozario, Goldman Sachs
Sharon Zackfia, William Blair
Scot Ciccarelli, RBC Capital Markets
Michael Heifler, Deutsche Bank
William Armstrong, CL King & Associates
John Zolidis, Buckingham Research
David Campbell, Owl Creek
Gabriel Holmes, Philadelphia Financial
Hardy Bowen, Arnhold & Bleichroeder
John Murphy with Merrill Lynch
Scott Nesson, Lehman Brothers

Presentation

Operator

Good morning, my name is Shannon and I will be your conference facilitator. At this time I would like to welcome everyone to the CarMax Third Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers remark there will be a question and answer session. If you would like to ask a question during this time simply press “*