CarMax opens 15,000 square-feet store in Warwick, its first in Rhode Island

Company Celebrates with Community Donations

RICHMOND, Virginia, 2015-6-16 — /EPR Retail News/ — CarMax (NYSE: KMX), the nation’s largest retailer of used cars, officially opened its first store in Rhode Island located at 153 Bald Hill Road in Warwick. The store is more than 15,000 square-feet, occupies more than 8 acres and stocks more than 300 used vehicles.

“We are excited that our growth has allowed us to bring the CarMax experience to the state of Rhode Island,” said Tom Folliard, president and CEO of CarMax. “Our team can’t wait to help local residents find their perfect vehicle.”

In celebration of the Warwick store opening, CarMax donated $5,000 to the YMCA of Cranston. The nonprofit was selected by local associates for its positive impact on the community by providing programs that help families and individuals seeking healthy lifestyles and wellness.

The CarMax Foundation also is providing a $10,000 grant to the Boys & Girls Club of Warwick. This grant will support the Norwood Branch’s Keystone Club, a character and leadership program for teens focusing on academic success, career preparation and community service. The CarMax Foundation has granted more than $25 million on behalf of associates across the country since 2003. In addition to the grant, 30 CarMax associates volunteered at the club where they repainted hallways and restrooms as the first of many future volunteer activities in the community.

“We have great admiration for these organizations and look forward to building relationships with community partners in the area,” said Ric Raposo, location general manager of the Warwick CarMax store. “Our associates take pride in our involvement in the communities where we live, work and play.”

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 50,000 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.

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 11 consecutive years, is the nation’s largest retailer of used vehicles. Headquartered in Richmond, Virginia, CarMax currently operates 148 superstores in 75 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, 2015, the company retailed 582,282 used cars and sold 376,186 wholesale vehicles at our in-store auctions. For more information, access the CarMax website at www.carmax.com.

Media Contacts

Michelle Ellwood, CarMax Public Relations
pr@carmax.com
Twitter: @CarMax, Facebook: facebook.com/CarMax