CarMax, Inc. opens its first location in the Cleveland area and donates $100,000 to local nonprofits

Announces $100,000 in charitable donations to Cleveland area nonprofits

RICHMOND, Va., 2015-2-19 — /EPR Retail News/ — CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, today celebrated the opening of its first location in the Cleveland area, which is the company’s fifth store in Ohio. CarMax’s Cleveland store is now open at 4900 Pointe Parkway. The store will stock more than 300 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 community playground in partnership with KaBOOM!, the national nonprofit dedicated to bringing balanced and active play into the daily lives of all kids. Details of the location and community partner for the playground will be announced in coming months. One of 30 playgrounds The CarMax Foundation and KaBOOM! are building nationwide as part of a larger $4.1 million national partnership, this playground will help give children in and around the Cleveland area the joyful, play-filled childhood they deserve.

“Giving back to the communities in which we live and work is fundamental to who we are as a company,” said Tom Folliard, president and CEO of CarMax. “The charitable donations that we announced today are just the beginning of our investment in the Cleveland area community. We are thrilled to open our new Cleveland store and welcome everyone to come and visit.”

The CarMax Foundation also announced a $10,000 grant to the Boys & Girls Clubs of Cleveland. This grant 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.

“We are excited to open our doors and show the Cleveland area what we have to offer,” said Matt Sullivan, location general manager of the CarMax Cleveland East store. “I am positive that our customers will be amazed by the large selection of vehicles available at the new CarMax Cleveland store.”

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. We spend an average of 12 hours putting each vehicle through a rigorous inspection and reconditioning process to meet our standards. In addition, we stand behind our vehicles with a 5-Day Money-Back Guarantee and a Limited 30-Day 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 144 superstores in 73 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.

Media Contacts

Casey Werderman, CarMax Public Relations, (804) 747-0422 ext. 4773 Twitter: @CarMax, Facebook: facebook.com/CarMax