CarMax celebrates the opening of its fifth store location in the Bay Area

Company announces new store in Colma and contribution to benefit area children

RICHMOND, Virginia, 2017-Nov-02 — /EPR Retail News/ — CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, is celebrating the grand opening of the company’s fifth store location in the Bay Area. The store is located at 401 Serramonte Blvd. in Colma and has the capacity to stock approximately 340 used vehicles of nearly every make and model. Customers can also request transfers to the Serramonte CarMax of almost any vehicle from other CarMax locations throughout the country.

CarMax opened its first Bay Area store in Pleasanton in 2016 and since that time has awarded more than $150,000 in community giving throughout the region. In celebration of the Serramonte store grand opening, CarMax and The CarMax Foundation awarded $16,000 in donations and grants to the Boys & Girls Clubs of North San Mateo County. Support for this organization came at the recommendation of the Serramonte CarMax associates.

In the past week, CarMax invested approximately $95,000 to build a playground in the Bay Area through a partnership with KaBOOM!, the national nonprofit ensuring that all kids get the balance of play they need to become healthy and successful adults. The playground was unveiled at Park Elementary School in the Hayward Unified School district. Park Elementary is a school where the majority of students are eligible for free or reduced lunch. CarMax associates in the Bay Area volunteered their time to help build the playground and The CarMax Foundation also presented Park Elementary School with a $10,000 grant.

“CarMax associates are passionate about community service and it was an honor partnering with KaBOOM! to build this playground that will transform the lives of children who attend Park Elementary,” said Davi Rodrigues, location general manager of the Serramonte CarMax. “We’re looking forward to serving the community further by continuing to grow in the Bay Area and serving more customers with CarMax’s honest and transparent car buying experience.”

CarMax disrupted the industry more than 20 years ago by offering a high integrity car-buying experience customers want that’s transparent and stress-free. Since that time, CarMax has continued to revolutionize the experience through customer-focused technology innovations. Approximately 90% of CarMax purchasers start on CarMax.com or the CarMax mobile app. Customers can browse CarMax’s nationwide inventory of nearly 50,000 vehicles, hold a vehicle for a test drive, schedule an appraisal, and even get pre-qualified for financing before visiting the store. CarMax stands behind their 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).

About CarMax

CarMax is the nation’s largest retailer of used cars and operates more than 180 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 24,000 associates nationwide and for 13 consecutive years has been named as one of the FORTUNE 100 Best Companies to Work For®. During the 12 months ending February 28, 2017, the company retailed 671,294 used cars and sold 391,686 wholesale vehicles at its in-store auctions. For more information, access the CarMax website at www.carmax.com.

Media Contact:

Lindsey Duke
CarMax Public Relations
(855) 887-2915
pr@carmax.com
@CarMax
facebook.com/CarMax

Source: CarMax