CarMax Inc. to join S&P 500 Friday

Posted by Shawn Maclauchlan

RICHMOND, VA (WWBT) - Automotive retailer CarMax will join the S&P 500 Index on Friday.

Standard & Poor said this week that the Goochland County-based chain will take the place of "XTO Energy Inc" on its leading index.

After the Dow Jones, the S&P 500 is the most widely followed index of large-cap American stocks.

CarMax releases its fiscal first-quarter earnings this morning before the stock market opens.

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