CarMax, Inc. marks the opening of its first two stores in Portland

Announces more than $100,000 in charitable donations to Portland nonprofits, including a new playground in the Cully Community

RICHMOND, Va., 2014-8-29 — /EPR Retail News/ — CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, today celebrated its first two stores in the Portland area, which are the company’s first stores in Oregon. CarMax’s Clackamas store is now open at 13750 SE Johnson Road. A second Portland area store in Beaverton is set to open at the end of September at 9405 SW Cascade Avenue. Each store will stock more than 250 used vehicles of nearly every make and model.

During today’s grand opening celebration, CarMax announced that The CarMax Foundation will invest approximately $85,000 into building a playground in the Cully community. The playground will be built in the spring of 2015 through a partnership with the Habitat for Humanity Portland/Metro East, the Helensview Heights Home Owners’ Association and KaBOOM!, the national nonprofit ensuring that all kids get the balance of play they need to become healthy and successful adults. One of 30 playgrounds The CarMax Foundation and KaBOOM! are building nationwide as part of a larger $4.1 million national partnership, the playground will help give children in and around the Helensview Heights neighborhood the joyful childhood they deserve.

“Giving back to the communities in which we live and work is an important part of the CarMax culture. Our new Portland stores are no exception,” said Tom Folliard, president and CEO of CarMax. “These stores will provide residents with the unique CarMax experience when they search for their perfect vehicle, and the new playground will provide children the needed space to be healthy and active.”

The CarMax Foundation also announced $10,000 grants to both the Boys & Girls Club of Portland Metropolitan Area and the YMCA of Columbia Willamette. These grants came at the recommendation of local CarMax associates. The CarMax Foundation has granted more than $20 million on behalf of associates across the country since 2003.

“CarMax associates are the most important part of our company,” said Torrey Moore, location general manager of the CarMax Clackamas store. “We work to hire individuals that value integrity above all else, and we definitely found that in Portland! We are excited about our more than 175 new associates in these two stores.”

CarMax was founded more than 20 years ago to fundamentally change the way car buying is done. We make the process more ethical, fair and transparent by offering a no-haggle, no-hassle experience and an incredible selection of CarMax Quality Certified vehicles. Every CarMax vehicle undergoes a rigorous 125+ point inspection, and we stand behind our vehicles with a 5-Day Money-Back Guarantee and a 30-Day Limited Warranty. 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 more than 35,000 vehicles nationwide. CarMax also takes the hassle out of selling your car by offering fast, commitment free appraisals – we’ll buy your car, even if you don’t buy ours. Shopping at CarMax is truly the way car buying should be.

CarMax is sharing photos and videos from today’s event on the company Facebook page and through Twitter.

About CarMax
CarMax, a member of the FORTUNE 500 and the S&P 500, and one of the FORTUNE “100 Best Companies to Work For” for 10 consecutive years, is the nation’s largest retailer of used vehicles. Headquartered in Richmond, Virginia, CarMax currently operates 139 superstores in 70 markets. The CarMax consumer offer features low, no-haggle prices, a broad selection of CarMax Quality Certified used vehicles, and superior customer service. During the 12 months ending February 28, 2014, the company retailed 526,929 used cars and sold 342,576 wholesale vehicles at our in-store auctions. For more information, access the CarMax website at www.carmax.com.

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Media Contacts 
Casey Werderman, CarMax Public Relations, (804) 747-0422 ext. 4773
Catherine Gryp, Public Relations Manager, (804) 747-0422 ext. 4029
Twitter: @CarMax, Facebook: facebook.com/CarMax