CarMax resumes share buybacks after suspending program in April due to pandemic

(MarketWatch) – CarMax Inc. KMX, -0.26% said Monday it has resumed its share buyback program after suspending it in April due to the coronavirus pandemic.

The retailer of new and used cars said in a regulatory filing that it has $1.51 billion left in its share buyback authorization.

Shares were not active premarket but have gained 7% in the year to date, while the S&P 500 SPX, +1.59% has gained 2.1%.

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