CarMax (KMX -2.8%) trades lower after it beat earnings estimates with its Q4 report by a penny,...

|About: CarMax Group (KMX)|By:, SA News Editor

CarMax (KMX -2.8%) trades lower after it beat earnings estimates with its Q4 report by a penny, but adjusted 2011 and 2012 statements by two cents to account for sale-leasebacks. In order to stay on its long-term growth trajectory, the firm plans to open 10 stores in FY13 and between 10-15 stores per year in FY14-FY16.