RICHMOND, Virginia, 2016-Sep-09 — /EPR Retail News/ — CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, today (September 8, 2016) celebrated the grand opening of its first store in Idaho, located in Meridian at 4043 E. Elden Gray Street. The Meridian store will stock more than 200 used vehicles of nearly every make and model, and has brought approximately 50 new jobs to the area.
“The Meridian community has been very welcoming to CarMax,” said Louis Cominiello, location general manager at CarMax Meridian. “We are very excited to open our first store in Idaho and bring the simple and stress-free CarMax experience to area customers.”
During today’s grand opening celebration, CarMax announced that The CarMax Foundation will be providing a $10,000 grant to Idaho Foodbank Warehouse. The Foodbank created a backpack program to help provide food to children who do not have access to regular meals. The grant will fund backpacks for 1,800 students during the 2016-2017 school year. CarMax associates chose the Idaho Foodbank to receive the grant after volunteering with the organization.
“Our commitment to our local communities is rooted in CarMax’s culture and is a reflection of how passionate our associates are about public service,” said Bill Nash, president and CEO of CarMax. “We are especially excited to support and develop partnerships with area nonprofits that are making a positive impact in the Meridian community.”
CarMax was founded more than 20 years ago to fundamentally change the way car buying is done. CarMax customers can shop for nearly every make and model at our stores or online at carmax.com, with prices clearly listed for each of our nearly 50,000 vehicles nationwide. In addition, we stand behind our vehicles with a 5-Day Money-Back Guarantee and a 30-Day Limited Warranty (60-Day in CT, MN & RI, 90-Day in MA, NY and NJ). The CarMax Foundation has granted more than $30 million on behalf of associates across the country since 2003.
About CarMax
CarMax is the nation’s largest retailer of used cars and operates more than 160 stores in 37 states nationwide. CarMax revolutionized the auto industry by delivering the honest, transparent and high-integrity car buying experience customers want and deserve. For more than 20 years, CarMax has made car buying more ethical, fair and stress-free by offering a no-haggle, no-hassle experience and an incredible selection of vehicles. CarMax makes selling your car easy too, by offering no-obligation appraisals good for seven days. At CarMax, we’ll buy your car even if you don’t buy ours®. CarMax has more than 22,000 associates nationwide and for 12 consecutive years has been named as one of the FORTUNE 100 Best Companies to Work For®. During the 12 months ending February 29, 2016, the company retailed 619,936 used cars and sold 394,437 wholesale vehicles at its in-store auctions. For more information, access the CarMax website at www.carmax.com.
Media Contacts:
Beth Singer
CarMax Public Relations
pr@carmax.com
Twitter: @CarMax
Facebook: facebook.com/CarMax
Source: CarMax