As you may remember, one of the many things included in yesterday's novel was a survey I did with the management teams about whether or not they had a succession plan in place. 

Specifically, I asked each management team if one of the top three executives could no longer serve the company, if they had identified someone to replace that individual. 

I said that I had not heard back from CarMax, but recent filings suggested the Nominating Committee was paying attention to succession planning. 

I heard back from Celeste Gunter (CarMax Investor Relations) yesterday.  And she informed me that the company's formal answer to my question is "yes." 

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Related Companies: CarMax