CarMax opens new location in Kentwood; its first store in Michigan

Announces $10,000 grant to benefit area children

RICHMOND, Virginia, 2016-Nov-17 — /EPR Retail News/ — CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, today (November 16, 2016) celebrated the grand opening of its first store in Michigan, located in Kentwood at 4431 28th Street.  The Kentwood store will have the capacity to stock approximately 200 used vehicles of nearly every make and model, and has brought more than 40 new jobs to the area.

“We are very excited to be opening our first store in the Great Lakes State, “said Bill Nash, president and CEO of CarMax. “We are looking forward to providing the simple, no-haggle CarMax experience to customers in Kentwood and to show them that buying a used car can be an honest and transparent experience.”

During today’s grand opening celebration, CarMax announced that The CarMax Foundation will be providing a $10,000 grant to the YMCA of Greater Grand Rapids. The grant will help fund the YMCA Veggie Van, which is West Michigan’s first and only mobile farmers market. The Veggie Van provides the opportunity for local farmers to sell produce directly to residents in low food access neighborhoods. Kentwood CarMax associates nominated the YMCA of Greater Grand Rapids to receive the grant.

“CarMax associates are passionate about giving back to the communities where they live and work,” said R.J. Reilly, location general manager at CarMax Kentwood. “Public service is rooted in the culture at CarMax and we are excited to continue working with community nonprofits to make a positive impact on the Grand Rapids area.”

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 39 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:
Lindsey Duke
CarMax Public Relations
pr@carmax.com
Twitter: @CarMax
Facebook: facebook.com/CarMax

Source: CarMax, Inc.