CarMax Inc

Thank you for holding, ladies and gentlemen. You are online for this CarMax earnings release conference call. At this time, we are still gathering additional participants. We will get started momentarily. We thank you for your patience and ask that you please continue to hold. Thank you. Thank you. Please stand by. We're about to begin. Thank you for standing by. Welcome to the fourth quarter fiscal year 2022 CarMax earnings release conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Mr. David Lowenstein, AVP Investor Relations. Please go ahead, sir.

Thank you, Jess. Good morning. Thank you for joining our physical conference call. I'm here today with Bill Nash, our President and CEO, Enrique Mayor Moore, our Senior Vice President and CFO, and John Daniels, our Senior Vice President, CarMax Auto Finance Operations. Let me remind you our forward-looking statements we make pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current knowledge and assumptions about future events that involve risks and uncertainties that could cause actual results to differ materially from our expectations. In providing projections and other forward-looking statements, please see the companies Form 8K issued this morning in its annual report on Form 10K for the fiscal year ended February 28, 2021 filed with the SEC. Should you have any follow-up questions after the call, please feel free to contact our investor relations department.

Let me thank you in advance for asking only one question in getting back Bill great thank you David good morning everyone and thanks for joining us for the fourth quarter of FY22 our diversified business model delivered total sales of 7.7 billion dollars up 49 percent compared with last year's fourth quarter