CarMax celebrates the grand opening of its new store in Palmdale, Los Angeles area

Company announces $15,000 in contributions to two local organizations

RICHMOND, Virginia, 2017-Feb-03 — /EPR Retail News/ — CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, today (February 1, 2017) celebrated the grand opening of its new store in Palmdale, located at 405 W. Technology Drive. The Palmdale CarMax will have the capacity to stock approximately 200 used vehicles of nearly every make and model, and has brought more than 60 new jobs to the area.

The Palmdale store is one of two new stores opening this month in the Los Angeles area. CarMax is opening the company’s largest multi-purpose facility on the West Coast in Murrieta later this month. This location will serve as a reconditioning hub that will feed inventory to several of the company’s stores in southern California. The location will also house CarMax’s largest auctions facility on the West Coast. Together, the Palmdale and Murrieta stores have brought more than 300 jobs to the Los Angeles region.

In celebration of the Palmdale store opening, CarMax donated $5,000 to the Antelope Valley Boys & Girls Club in Lancaster. CarMax associates recently volunteered with the Boys & Girls Club and nominated the organization to receive the donation.

The CarMax Foundation is also providing a $10,000 grant to the YMCA of Metro Los Angeles, Antelope Valley. Funding from the grant will provide art and STEM supplies, healthy snacks and aquatic programing for area youth. Support for the YMCA also came at the recommendation of the Palmdale associates, who enjoyed volunteering with this organization as well.

“CarMax associates are really passionate about giving back to our local communities and we look forward to participating in more opportunities with the YMCA and Boys & Girls Club,” said Arnold Chaparro, location general manager at CarMax Palmdale. “The Palmdale community and city leaders have been so welcoming of CarMax and we look forward to serving customers here with the easy, no-haggle CarMax experience.”

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 $35 million on behalf of associates across the country since 2003.

About CarMax
CarMax is the nation’s largest retailer of used cars and operates 170 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 23,000 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