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.