CarMax opens its 4th store location in the Denver area, located at the city of Golden

RICHMOND, Virginia, 2018-Feb-27 — /EPR Retail News/ — CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, today celebrated the grand opening of its 4th store location in the Denver area, located at 16500 W. Colfax Avenue in Golden. The Golden location has the capacity to stock approximately 200 used vehicles of nearly every make and model and CarMax customers can also request transfers of almost any vehicle to this store from other CarMax locations throughout the country.

In celebration of the Golden store opening, CarMax and The CarMax Foundation awarded $7,500 in donations and grants to the Jefferson County Boys & Girls Club. The donation for this organization came at the recommendation of the Golden CarMax associates.

“CarMax associates know the importance of being a good neighbor and make it a priority to give back to the communities where we live and work,” said Michael Bean, location general manager at the Golden CarMax. “We are continuing to grow and serve more customers in the Denver area and are excited to announce the opening of our newest store in the city of Golden.”

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 185 stores in 41 states nationwide. CarMax revolutionized the auto industry by delivering the honest, transparent and high-integrity car buying experience customers want and deserve. For nearly 25 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 nearly 25,000 associates nationwide and for 14 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

CarMax to provide one-time bonus to associates as a result of the Tax Cuts and Jobs Act of 2017

Richmond, Va., 2018-Feb-23 — /EPR Retail News/ — CarMax, Inc. (NYSE:KMX), the nation’s largest retailer of used cars, announced plans to provide one-time bonuses to most hourly and commissioned full-time and part-time associates as a result of the recently passed Tax Cuts and Jobs Act of 2017. Bonus amounts will vary from $200 up to $1,500 based on length of service with the company.

“Our success as a company is due to the hard work and dedication of our talented Associates,” said Bill Nash, CarMax President and CEO. “We are always looking for ways we can support them, and I’m pleased to have this opportunity to thank associates for all that they do every day for our customers and for each other.” About 80 percent of associates will receive the bonus, which will be distributed in March 2018.*

CarMax regularly evaluates research salary data to ensure we are offering competitive compensation and benefits to our associates. The company also is carefully considering opportunities to use these new tax savings in ways that are in the best interests of our business, our associates, our customers and our shareholders.

About CarMax
CarMax is the nation’s largest retailer of used cars and operates more than 185 stores in 41 states nationwide. CarMax revolutionized the auto industry by delivering the honest, transparent and high-integrity car buying experience customers want and deserve. For nearly 25 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 nearly 25,000 associates nationwide and for 14 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.

Contact:

pr@carmax.com
(855) 887-2915

Source: CarMax, Inc.

CarMax ranks No. 34 in FORTUNE magazine’s 2018 100 Best Companies to Work For®

Company Now Offering Enhanced Benefits Including Paid Parental Leave

RICHMOND, Va., 2018-Feb-19 — /EPR Retail News/ — For 14 consecutive years, CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, has been named by FORTUNE magazine as one of its 100 Best Companies to Work For®. CarMax ranks No. 34 for 2018.

“This award recognition is a direct result of the culture created by our associates,” said Bill Nash, CarMax CEO. “Their commitment to delivering an exceptional customer experience, transforming the communities around us, and caring and supporting one another is what makes CarMax a great place to work.”

The 2018 FORTUNE 100 Best Companies to Work For® list is based on survey responses from more than 310,000 employees rating their workplace culture on 50-plus elements of the workplace such as fairness, camaraderie, development and trust in leadership.

“Our associates are our number one focus, and we want to have their backs during life’s moments that matter most,” said Diane Cafritz, chief human resources officer at CarMax. “That is why we are launching newly enhanced benefits this year that are a direct result of associate feedback on what benefits are most meaningful to them.”

CarMax is now offering four weeks of paid parental leave for hourly and salaried full-time associates following the birth or adoption of a child. This parental leave applies to both non-birth and birth parents. Birth mothers are eligible to add the four weeks of paid parental leave at the end of their approved six to eight weeks of paid medical leave.

Additionally, CarMax associates will enjoy the enhanced benefit of additional vacation time based on length of service. The company will continue to look for opportunities to provide pay and benefits for associates in the areas that are important to them.

CarMax employs nearly 25,000 people nationwide and continues to grow and hire for new positions. The company is opening a total of 15 new stores in 2018, including the company’s first locations in the states of Maine and New Hampshire. Some of the areas with a large number of job openings include: Baltimore, MD; Boston, MA; Dallas, TX; Denver, CO; Houston, TX; Los Angeles, CA; and San Francisco, CA.

The majority of open full and part-time job positions among CarMax stores are in sales and service (including detailers and experienced technicians). The company is also hiring for several customer service positions at CarMax Auto Finance in Atlanta, GA and for digital and technology positions at the CarMax Home Office and CarMax Shockoe locations in Richmond, Virginia.

In addition to being recognized for 14 consecutive years as one of FORTUNE magazine’s 100 Best Companies to Work For®, FORTUNE has also recognized CarMax as one of the 20 Best Workplaces in Retail and 100 Best Workplaces for Millennials in 2017. CarMax is also one of TRAINING Magazine’s “Training Top 125” companies in America.

CarMax is committed to hiring people with strong values of integrity, transparency, and respect. Job seekers are encouraged to apply for open positions online at jobs.carmax.com.

About CarMax

CarMax is the nation’s largest retailer of used cars and operates more than 185 stores in 41 states nationwide. CarMax revolutionized the auto industry by delivering the honest, transparent and high-integrity car buying experience customers want and deserve. For nearly 25 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 nearly 25,000 associates nationwide and for 14 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.

 

Source: CarMax, Inc.

Media Contact

Lindsey Duke, CarMax Public Relations, 855-887-2915

pr@carmax.com  • @CarMax • facebook.com/CarMax

CarMax opens its first store in New Hampshire

Company announces contributions to local nonprofit

RICHMOND, Virginia, 2018-Feb-19 — /EPR Retail News/ — CarMax, Inc . (NYSE: KMX), the nation’s largest retailer of used cars , today celebrated the grand opening of its first store in New Hampshire, located at 300 Keller Street in Manchester. With the opening of this store, CarMax now has a total of 187 stores across 41 states nationwide. The Manchester location has the capacity to stock approximately 240 used vehicles of nearly every make and model and CarMax customers can also request transfers of almost any vehicle to this store from other CarMax locations throughout the country.

In celebration of the Manchester store opening, CarMax and The CarMax Foundation awarded $7,500 in donations and grants to The Granite YMCA. Support for this organization came at the recommendation of the Manchester CarMax associates.

“Giving back to and serving the Manchester community is important to CarMax associates and we enjoyed participating in volunteer events with the New Horizons soup kitchen in recent months,” said Blake MacDonald, location general manager at the Manchester CarMax. “We are thrilled to open our first store in New Hampshire and to bring CarMax’s easy, no-haggle car-buying experience to Manchester.”

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 185 stores in 41 states nationwide. CarMax revolutionized the auto industry by delivering the honest, transparent and high-integrity car buying experience customers want and deserve. For nearly 25 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 nearly 25,000 associates nationwide and for 14 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

CarMax elects Peter Bensen and Robert Hombach to its board of directors

CarMax elects Peter Bensen and Robert Hombach to its board of directors

 

RICHMOND, Va., 2018-Feb-07 — /EPR Retail News/ — CarMax, Inc. (NYSE:KMX) today (February 02, 2018) announced that its board of directors has elected Peter Bensen and Robert Hombach to membership on the board effective April 1. Bensen and Hombach will both serve on the Audit Committee.

Bensen, 55, retired from McDonald’s Corporation in 2016 as its chief administrative officer. During his 20-year tenure he held various leadership positions including executive vice president and chief financial officer. Before joining McDonald’s in 1996, Bensen was a senior manager at Ernst & Young LLP.

Hombach, 51, is the retired executive vice president, chief financial officer and chief operations officer of Baxalta, a biopharmaceutical company spun off from its parent, Baxter, in 2015. Hombach began his career at Baxter, a global healthcare company, in 1989 and served in several roles there, including chief financial officer and treasurer.

“We are pleased to welcome Pete and Bob to the CarMax board,” said Bill Nash, chief executive officer of CarMax. “Their considerable executive leadership and operational experience, as well as their deep financial knowledge, will make them both highly valuable additions to our board.”

In addition, two board members have announced plans to retire from the CarMaxboard. Jeff Garten, Dean Emeritus, Yale School of Management, has announced his intention to retire from the board at the company annual meeting on June 26, 2018. Garten has served on the board since 2002. John Standley, chairman and chief executive officer of Rite Aid Corporation, is retiring from the board effective January 29, 2018 due to other business demands. Standley joined the board in 2016.

“I want to thank both Jeff and John for their service to our board,” Nash said. “Both have contributed to CarMax during their tenure, with Jeff serving as one of our original board members.”

About CarMax

CarMax is the nation’s largest retailer of used cars and operates more than 185 stores in 40 states nationwide. CarMax revolutionized the auto industry by delivering the honest, transparent and high-integrity car buying experience customers want and deserve. For nearly 25 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.

Contact:
Investors:
Katharine Kenny
Vice President
Investor Relations
(804) 935-4591

Celeste Gunter
Manager
Investor Relations
(804) 935-4597

Media:

pr@carmax.com
(855) 887-2915

Source: CarMax, Inc.

###

CarMax celebrates the opening of its first store in Maine located in South Portland

RICHMOND, Virginia, 2018-Jan-26 — /EPR Retail News/ — CarMax, Inc . (NYSE: KMX), the nation’s largest retailer of used cars , today (January 24, 2018)  celebrated the grand opening of its first store in Maine, located at 415 Maine Mall Road in South Portland. With the opening of this store, CarMax now has a total of 186 stores across 40 states nationwide. The South Portland location has the capacity to stock approximately 200 used vehicles of nearly every make and model and CarMax customers can also request transfers of almost any vehicle to this store from other CarMax locations throughout the country.

In celebration of the South Portland store opening, CarMax and The CarMax Foundation awarded $7,500 in donations and grants to the Boys & Girls Clubs of Southern Maine’s South Portland Clubhouse. Support for this organization came at the recommendation of the South Portland CarMax associates.

CarMax is also donating an Imagination Playground valued at more than $15,000 to the Bayside Learning Community, through its partnership with KaBOOM! to make play more accessible to children and families. Imagination Playgrounds are innovative, loose-parts playgrounds that engage kids in creative play that is physically challenging and collaborative.

“Our team enjoyed volunteering at the South Portland Clubhouse recently and we see these opportunities as the first of many to give back to the local community,” said Michelle Hillebrandt, location general manager of the South Portland CarMax. “We’re thrilled to open our first store in Maine and serve customers here with a car buying experience that’s simple, honest and hassle-free.”

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 185 stores in 40 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, Inc .

CarMax to host Q3 2017 financial results conference call on December 21, 2017

RICHMOND, Va., 2017-Dec-11 — /EPR Retail News/ — CarMax, Inc. (NYSE:KMX) today announced that it will report its financial results for the third quarter ended November 30, 2017, before the market opens on December 21, 2017. CarMax will host a conference call at 9:00 a.m. ET that morning to discuss these results.

The conference call can be accessed live over the phone by dialing 1-888-298-3261 or 1-706-679-7457 (for international access) and using the conference ID 73777146. A live audio webcast will also be available at investors.carmax.com.

A replay of the webcast will be available at investors.carmax.com through April 3, 2018, or via telephone (for approximately one week) by dialing 1-855-859-2056 or 1-404-537-3406 (for international access), and entering the conference ID 73777146.

About CarMax
CarMax is the nation’s largest retailer of used cars and operates more than 185 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 ended 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.

Source: CarMax, Inc.

CarMax, Inc.

Investors:
Katharine Kenny, Vice President, Investor Relations, (804) 935-4591
Celeste Gunter, Manager, Investor Relations, (804) 935-4597

or

Media:
pr@carmax.com, (855) 887-2915

SOURCE: CarMax Business Services, LLC

CarMax expands partnership with auto repair provider RepairPal

RICHMOND, Va., 2017-Nov-29 — /EPR Retail News/ — CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, today (November 28, 2017) announced it is expanding its commercial relationship with RepairPal, a leading provider of auto service and repair via a network of RepairPal Certified shops. Additionally, CarMax has made a minority investment of $5 million as the lead in a new round of financing for RepairPal.

Through this partnership, CarMax will provide its customers with access to the RepairPal Certified shop network resulting in additional trusted, quality and fair-priced service and repair locations. This investment follows several months of successfully partnering with RepairPal to offer Los Angeles customers the convenience of more service options.

Bill Nash, CarMax president and CEO said, “CarMax led the way in providing trust and transparency in car buying, selling and ownership, and our relationship with RepairPal gives us the opportunity to further enhance the customer experience. The RepairPal Certified network, combined with CarMax’s own nationwide staff of highly qualified technicians, ensures that our customers have timely options for all their service and repair needs.”

RepairPal has built a network of auto repair shops that offer a minimum 12 month/12,000 mile warranty on repairs. Customers can feel confident they’ll receive reasonable prices on repairs as shown in RepairPal’s Fair Price Estimator™. Art Shaw, RepairPal CEO, commented, “CarMax’s commitment to creating a great customer experience makes them an ideal partner as we continue to build out our network of trustworthy mechanics who deliver fair pricing and service excellence.”

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.

About RepairPal

Established in 2007, RepairPal is bringing trust and peace-of-mind to auto repair. At RepairPal.com, consumers have free access to a vast array of invaluable resources for taking care of their cars. The RepairPal Certified Network shows trusted shops nationwide where repairs are done at fair prices with quality parts and an attentive staff. By visiting RepairPal.com, consumers can get back on the road quickly knowing they’ll receive quality work at fair prices.

Forward-Looking Statements

We caution readers that the statements contained in this release about future business plans, operations, opportunities or prospects are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by the use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “outlook,” “plan,” “predict,” “should,” “will” and other similar expressions, whether in the negative or affirmative. Such forward-looking statements are based upon management’s current knowledge and assumptions about future events and involve risks and uncertainties that could cause actual results to differ materially from anticipated results. Among the factors that could cause actual results and outcomes to differ materially from those contained in the forward-looking statements are the following:

  • Changes in the competitive landscape and/or our failure to successfully adjust to such changes.
  • Events that damage our reputation or harm the perception of the quality of our brand.
  • Changes in general or regional U.S. economic conditions.
  • Changes in the availability or cost of capital and working capital financing, including changes related to the asset-backed securitization market.
  • Our inability to recruit, develop and retain associates and maintain positive associate relations.
  • The loss of key associates from our store, regional or corporate management teams or a significant increase in labor costs.
  • Security breaches or other events that result in the misappropriation, loss or other unauthorized disclosure of confidential customer, associate or corporate information.
  • Significant changes in prices of new and used vehicles.
  • Changes in economic conditions or other factors that result in greater credit losses for CAF’s portfolio of auto loan receivables than anticipated.
  • A reduction in the availability of or access to sources of inventory or a failure to expeditiously liquidate inventory.
  • Changes in consumer credit availability provided by our third-party finance providers.
  • Changes in the availability of extended protection plan products from third-party providers.
  • Factors related to the regulatory and legislative environment in which we operate.
  • Factors related to geographic and sales growth, including the inability to effectively manage our growth.
  • The failure of or inability to sufficiently enhance key information systems.
  • The effect of various litigation matters.
  • Adverse conditions affecting one or more automotive manufacturers, and manufacturer recalls.
  • The inaccuracy of estimates and assumptions used in the preparation of our financial statements, or the effect of new accounting requirements or changes to U.S. generally accepted accounting principles.
  • The performance of the third-party vendors we rely on for key components of our business.
  • Factors related to seasonal fluctuations in our business.
  • The occurrence of severe weather events.
  • Factors related to the geographic concentration of our stores.

For more details on factors that could affect expectations, see our Annual Report on Form 10-K for the fiscal year ended February 28, 2017, and our quarterly or current reports as filed with or furnished to the U.S. Securities and Exchange Commission. Our filings are publicly available on our investor information home page at investors.carmax.com. Requests for information may also be made to the Investor Relations Department by email to investor_relations@carmax.com or by calling 1-804-747-0422 ext. 4391. We undertake no obligation to update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.

Contact:
Catherine Gryp
CarMax Public Relations
pr@carmax.com

Kimberlea Buczeke
Community & Content at RepairPal
kimberlea@repairpal.com

Source: CarMax, Inc.

CarMax announces the opening of its third store in Las Vegas

Company announces contributions to local nonprofit

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 third store in Las Vegas and fourth location in the state of Nevada. The store is located at 4900 North Rancho Drive and has the capacity to stock approximately 340 used vehicles of nearly every make and model. Customers can also request transfers to the Centennial CarMax of almost any vehicle from other CarMax locations throughout the country.

In celebration of the Centennial store opening, CarMax and The CarMax Foundation awarded $15,000 in donations and grants to the YMCA of Southern Nevada’s Centennial Hills Community Center. Support for this organization came at the recommendation of the Centennial CarMax associates.

“Like so many others in the Las Vegas community, CarMax associates are passionate about giving back and making a positive impact in our hometown,” said Theresia Redaelli, location general manager of the Centennial CarMax. “We’re honored to make this donation to the local YMCA and to serve more people at our new location with CarMax’s simple and seamless 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

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

CarMax EVP and COO Cliff Wood to retire; Ed Hill to succeed

Company Highlights Succession Plan and Executive Promotions

RICHMOND, Va., 2017-Nov-01 — /EPR Retail News/ — CarMax, Inc. (NYSE:KMX) today (October 30, 2017) announced that Cliff Wood plans to retire as executive vice president and chief operating officer by the end of the summer of 2018 and will be succeeded by Ed Hill, currently CarMax’s executive vice president, strategy and business transformation.

“Cliff has been instrumental in building CarMax’s industry-leading store operations,” said Bill Nash, CarMax president and CEO. “He has helped guide the company successfully through many years of growth and has built a strong field leadership team. We are incredibly grateful for his many years of service and contributions to CarMax’s success.” Wood joined CarMax in 1993 as a buyer at CarMax’s first location in Richmond, Virginia.

Mr. Hill, 58, was promoted to executive vice president, strategy and business transformation in 2016. He joined CarMax in 1995 as director of service operations and progressively advanced to senior vice president, assuming leadership for CarMax’s corporate strategy in 2012. Prior to joining CarMax, he served in operational roles for several technology companies.

“Ed was the driving force behind the development and ongoing enhancement of our vehicle reconditioning process, one of CarMax’s key competitive advantages,” said Mr. Nash. “He has been an integral member of the executive leadership team, and his breadth of experience in operations, corporate strategy and enterprise change management will be essential for our future growth.”

CarMax also announced that, effective November 1, 2017, two additional executives will be promoted. Darren Newberry will be promoted to senior vice president, store operations, and Joe Wilson will be promoted to senior vice president, store strategy and logistics.

Mr. Newberry, 48, was promoted to vice president, regional sales, in 2016, responsible for the field sales organization through the 11 CarMax regions. He joined CarMax in March 2004 as location general manager-in-training in the Los Angeles region and was promoted to location general manager of the Duarte, California store in 2006. He was promoted subsequently to positions of increasing responsibility, including regional vice president general manager of the Baltimore region in 2013 and the Los Angeles region in 2014. Prior to joining CarMax, Mr. Newberry served as store manager and area manager for Bed, Bath and Beyond from 1994 to 2004. In his new role, he will lead the field operations for the sales, service and merchandising organizations.

Mr. Wilson, 44, was promoted to vice president, merchandising operations in 2016. He began his career at CarMax in May 1995 as a buyer-in-training at the Raleigh, N.C.store, where he was subsequently promoted to buyer and then senior buyer. Mr. Wilson later served as purchasing manager at two CarMax stores in southern Floridabefore being promoted to regional vice president of merchandising. He was promoted to assistant vice president, auction services and merchandising development in 2008 and then vice president, auction services and merchandising development in 2013. In his new role, he will lead field strategy, including our auction business, and logistics.

About CarMax

CarMax is the nation’s largest retailer of used cars, currently operating 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 twelve months ended February 28, 2017, the company retailed 671,294 used vehicles and sold 391,686 wholesale vehicles at its in-store auctions. For more information, access the CarMax website at www.carmax.com.

Forward-Looking Statements

We caution readers that the statements contained in this release about our future business plans, succession plans, operations, opportunities or prospects are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by the use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “outlook,” “plan,” “predict,” “should,” “will” and other similar expressions, whether in the negative or affirmative. Such forward-looking statements are based upon management’s current knowledge and assumptions about future events and involve risks and uncertainties that could cause actual results to differ materially from anticipated results. Among the factors that could cause actual results and outcomes to differ materially from those contained in the forward-looking statements are the following:

  • Changes in the competitive landscape and/or our failure to successfully adjust to such changes.
  • Events that damage our reputation or harm the perception of the quality of our brand.
  • Changes in general or regional U.S. economic conditions.
  • Changes in the availability or cost of capital and working capital financing, including changes related to the asset-backed securitization market.
  • Our inability to recruit, develop and retain associates and maintain positive associate relations.
  • The loss of key associates from our store, regional or corporate management teams or a significant increase in labor costs.
  • Security breaches or other events that result in the misappropriation, loss or other unauthorized disclosure of confidential customer, associate or corporate information.
  • Significant changes in prices of new and used vehicles.
  • Changes in economic conditions or other factors that result in greater credit losses for CAF’s portfolio of auto loan receivables than anticipated.
  • A reduction in the availability of or access to sources of inventory or a failure to expeditiously liquidate inventory.
  • Changes in consumer credit availability provided by our third-party finance providers.
  • Changes in the availability of extended protection plan products from third-party providers.
  • Factors related to the regulatory and legislative environment in which we operate.
  • Factors related to geographic and sales growth, including the inability to effectively manage our growth.
  • The failure of or inability to sufficiently enhance key information systems.
  • The effect of various litigation matters.
  • Adverse conditions affecting one or more automotive manufacturers, and manufacturer recalls.
  • The inaccuracy of estimates and assumptions used in the preparation of our financial statements, or the effect of new accounting requirements or changes to U.S. generally accepted accounting principles.
  • The performance of the third-party vendors we rely on for key components of our business.
  • Factors related to seasonal fluctuations in our business.
  • The occurrence of severe weather events.
  • Factors related to the geographic concentration of our stores.

For more details on factors that could affect expectations, see our Annual Report on Form 10-K for the fiscal year ended February 28, 2017, and our quarterly or current reports as filed with or furnished to the U.S. Securities and Exchange Commission. Our filings are publicly available on our investor information home page at investors.carmax.com. Requests for information may also be made to the Investor Relations Department by email to investor_relations@carmax.com or by calling 1-804-747-0422 ext. 4391. We undertake no obligation to update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.

Media Inquiries:
(855) 887-2915
pr@carmax.com

Customer Relations:
(800) 519-1511

Marketing Inquiries:
marketing_carmax@carmax.com

Source: CarMax, Inc.

CarMax to hire more than 2,000 positions companywide by the end of the year

CarMax to hire more than 2,000 positions companywide by the end of the year

 

One of FORTUNE Magazine’s 100 Best Companies to Work For® is Hiring for Long-Term Careers

RICHMOND, Va., 2017-Oct-24 — /EPR Retail News/ — CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, announces plans to hire for more than 2,000 positions companywide by the end of the year. At a time when many retailers are hiring for seasonal positions, CarMax is hiring for long-term careers. For 13 years in a row, CarMax has been recognized by FORTUNE magazine as one of the 100 Best Companies to Work For®.

CarMax currently employs more than 24,000 people nationwide and provides opportunities for associates to grow within the company by offering ongoing training and development opportunities that support personal and career goals.

“First and foremost, CarMax seeks to hire people with integrity who are passionate about customer service. Experience in the auto industry is not necessary to work at CarMax,” said Diane Cafritz, chief human resource officer and senior vice president at CarMax. “The company values personal growth and education which is why CarMaxprovides ongoing support and development opportunities for our associates.”

The majority of new and open positions are for sales consultants, technicians, detailers and inventory associates. CarMax stores are also hiring for positions within its business offices nationwide. Additionally, the company is hiring for several customer service positions at CarMax Auto Finance in Atlanta, Georgia and for digital and technology positions at the headquarters in Richmond, Virginia.

Why Work at CarMax?

  • CarMax is committed to hiring people with strong values of integrity, transparency and respect. We live these values every day and they drive how we treat our associates and our customers.
  • Associates are given opportunities to volunteer and give back to local communities through The CarMax Foundation’s Volunteerism and Matching Gifts programs.
  • CarMax offers unmatched training and support for associate career growth, as well as tuition reimbursement.
  • CarMax offers competitive pay and a comprehensive benefits package, including discounts on car purchases and other services.
  • Stores are equipped with climate controlled, state-of-the-art service bays with quality equipment.
  • CarMax is recognized as one of FORTUNE magazine’s 100 Best Companies to Work For®, 15 Best Workplaces in Retail and 100 Best Workplaces for Millennials, as well as one of TRAINING Magazine’s “Training Top 125” companies in America.

How Can Job Seekers Apply?

  • Applications are accepted online. Job seekers should apply at jobs.carmax.com.

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. 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 CarMaxwebsite at www.carmax.com.

Contact:

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

Source: CarMax, Inc.

###

CarMax opens its 17th location in Texas

Company announces contributions to local nonprofit

RICHMOND, Virginia, 2017-Oct-10 — /EPR Retail News/ — CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, is celebrating the grand opening of the company’s first location in the Tyler area and 17th location in the state of Texas. The store is located at 3015 SSW Loop 323 and has the capacity to stock approximately 140 used vehicles of nearly every make and model. Customers can also request transfers to the Tyler CarMax of almost any vehicle from other CarMax locations throughout the country.

In celebration of the Tyler store opening, CarMax and The CarMax Foundation awarded $7,500 in donations and grants to the Tyler Independent School District Foundation. Support for this organization came at the recommendation of the Tyler CarMax associates.

“Supporting youth education is important to our associates and we’re honored to contribute to the Tyler Independent School District Foundation,” said Eric Scott, location general manager of the Tyler CarMax. “We’re excited to get to work and serve the Tyler community through the easy, transparent car-buying experience CarMax offers.”

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

Source: CarMax

CarMax Provides Consumers with Information About Open Recalls Prior to Sale

Richmond, VA, 2017-Sep-29 — /EPR Retail News/ — CarMax provides the most transparent and integrity-driven car buying experience in the industry. Our approach to recalls is no different. CarMax has led the industry in recall transparency and shares vehicle specific recall information in-store and online.

Because most of our customers visit us first online, every vehicle on carmax.com and on CarMax’s mobile apps includes a link to the National Highway Traffic Safety Administration (NHTSA) recall lookup website, with the VIN pre-populated, allowing customers to obtain open recall information on any CarMax used vehicle.

Before any customer purchases a used vehicle, a CarMax associate and the customer review the recall information available on the NHTSA website. After this initial review, customers sign a form acknowledging receipt of the NHTSA recall information prior to signing sales documents. If a customer decides they do not want to keep the vehicle for any reason, every vehicle sold by CarMax is covered by a 5-Day Money-Back Guarantee.

We recommend that our customers register their vehicle with the manufacturer and urge them to have open recalls fixed immediately following purchase.

Our vehicles meet or exceed state safety inspection requirements in the more than 20 states that mandate vehicles pass safety standards.

Open Recalls Can Only Be Cleared at a Manufacturer-Authorized Facility
The current recall system is based on the manufacturer’s relationship with its dealers and registered vehicle owners, and not with independent used auto retailers, like CarMax. Among other things, this means that manufacturers have not authorized CarMax to complete recall repairs and close out recalls.

Our experience shows us customers are in the best position to act on recall information directly with a manufacturer-authorized dealer. We have found that dealers are often more likely to provide timely recall repair to customers rather than to a competitor, like CarMax, so we encourage customers to have recalls repaired at a manufacturer-authorized facility.

CarMax is built on integrity – and has been recognized nationally for this commitment. Ninety five percent of our purchasers say they would recommend us to family and friends. We believe this continued loyalty is due to the straightforward and transparent car buying experience that we continue to provide.

Additional Resources:

CarMax Recall Notification Video

SOURCE: CarMax Business Services, LLC

MEDIA CONTACT

(855) 887-2915
pr@carmax.com

CarMax Q2 2017 results: Net sales and operating revenues increased 9.7% to $4.39 billion

RICHMOND, Va., 2017-Sep-27 — /EPR Retail News/ — CarMax, Inc. (NYSE:KMX) today reported results for the second quarter ended August 31, 2017. Year-over-year highlights include:

  • Net sales and operating revenues increased 9.7% to $4.39 billion.
  • Used unit sales in comparable stores increased 5.3%.
  • Total used unit sales rose 11.1%.
  • Total wholesale unit sales increased 0.4%.
  • CarMax Auto Finance (CAF) income increased 12.5% to $107.9 million.
  • Net earnings increased 11.7% to $181.4 million and net earnings per diluted share rose 16.7% to $0.98.

Second Quarter Business Performance Review

Sales. Total used vehicle unit sales grew 11.1% and comparable store used unit sales rose 5.3% versus the prior year’s second quarter. The comparable store sales performance reflected continued solid improvement in conversion resulting from strong execution by our store teams and our digital initiatives. In connection with Hurricane Harvey, our six stores in Houston, Texas, were closed most of the last week of this year’s second quarter, which had a modest adverse effect on comparable store used unit sales.

Wholesale vehicle unit sales increased 0.4% compared with the second quarter of fiscal 2017, as contributions from the growth in our store base and an increase in our appraisal buy rate were offset by a reduction in appraisal traffic.

Other sales and revenues increased 6.4% compared with the second quarter of fiscal 2017, primarily reflecting improvements in extended protection plan (EPP) revenues, partially offset by a decline in net third-party finance fees. EPP revenues increased 13.9%, largely due to the growth in our used unit sales. The $3.3 million reduction in third-party finance fees reflected shifts in our sales mix by finance channel.

Gross Profit. Total gross profit increased 10.8% versus last year’s second quarter, to $604.0 million. Used vehicle gross profit rose 12.0%, driven by the 11.1% increase in total used unit sales. Used vehicle gross profit per unit was consistent at $2,178versus $2,160 in the prior year period. Wholesale vehicle gross profit increased 9.6% versus the prior year’s quarter, primarily due to an increase in wholesale vehicle gross profit per unit to $950 from $870. We believe this year’s second quarter wholesale gross profit per unit benefited from a favorable depreciation environment, relative to historical trends. Other gross profit increased 6.9%, primarily reflecting the changes in other sales and revenues.

SG&A. Compared with the second quarter of fiscal 2017, SG&A expenses increased 10.6% to $405.1 million. Several factors contributed to the increase, including: (i) the 12% increase in our store base since the beginning of last year’s second quarter (representing the addition of 19 stores), (ii) higher variable costs associated with our comparable store unit growth, and (iii) a $15.8 million year-over-year increase in the accrual for the company’s incentive pay. These increases were partially offset by an $11.4 million decline in share-based compensation expense. The prior year’s second quarter share-based compensation expense included $10.9 million related to the modification of equity awards for our retired chief executive officer. SG&A per used unit was $2,178 in the current quarter, down $9 year-over-year. The decline in share-based compensation expense reduced SG&A per unit by $78.

CarMax Auto Finance.(1) Compared with last year’s second quarter, CAF income increased 12.5% to $107.9 million. Average managed receivables grew 10.6% to$11.11 billion. The total interest margin, which reflects the spread between interest and fees charged to consumers and our funding costs, was 5.8% of average managed receivables compared with 5.9% in last year’s second quarter. The provision for loan losses declined 7.8% to $32.9 million, compared with $35.7 million in the prior year quarter. The prior year’s provision was affected by unfavorable loss experience, while in the current year’s quarter, losses were generally consistent with expectations. The allowance for loan losses as a percentage of ending managed receivables was 1.15% as of August 31, 2017, compared with 1.18% reported as of May 31, 2017, and up from the 1.08% reported as of August 31, 2016, reflecting higher loss experience over the course of the last year.

Interest Expense. Interest expense rose to $16.8 million in the second quarter of fiscal 2018 from $13.9 million in the prior year’s second quarter. The increase reflected the combination of increases in finance and capital lease obligations and outstanding debt in fiscal 2018, as well as a reduction in capitalized interest.

Store Openings. During the second quarter of fiscal 2018, we opened three stores. We entered one new television market (Salisbury, Maryland) and we added two stores in existing television markets (San Francisco, California, and Hartford, Connecticut).

Share Repurchase Activity. During the second quarter of fiscal 2018, we repurchased 2.5 million shares of common stock for $156.5 million pursuant to our share repurchase program. As of August 31, 2017, we had $1.25 billion remaining available for repurchase under the program.

(1) Although CAF benefits from certain indirect overhead expenditures, we have not allocated indirect costs to CAF to avoid making subjective allocation decisions.

Conference Call Information

We will host a conference call for investors at 9:00 a.m. ET today, September 22, 2017. Domestic investors may access the call at 1-888-298-3261 (international callers dial 1-706-679-7457). The conference I.D. for both domestic and international callers is 73770788. A live webcast of the call will be available on our investor information home page at investors.carmax.com.

A webcast replay of the call will be available at investors.carmax.com through December 20, 2017. A telephone replay also will be available through September 29, 2017, and may be accessed by dialing 1-855-859-2056 (international callers dial 1-404-537-3406). The conference I.D. for both domestic and international callers is 73770788.

Third Quarter Fiscal 2018 Earnings Release Date

We currently plan to release results for the third quarter ending November 30, 2017, on Thursday, December 21, 2017, before the opening of trading on the New York Stock Exchange. We plan to host a conference call for investors at 9:00 a.m. ET on that date. Information on this conference call will be available on our investor information home page at investors.carmax.com in early December 2017.

About CarMax

CarMax is the nation’s largest retailer of used cars, currently operating 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 twelve months ended February 28, 2017, the company retailed 671,294 used vehicles and sold 391,686 wholesale vehicles at its in-store auctions. For more information, access the CarMax website at www.carmax.com.

Forward-Looking Statements

We caution readers that the statements contained in this release about our future business plans, operations, opportunities or prospects, including without limitation any statements or factors regarding expected sales, margins, expenses, capital expenditures, debt obligations or earnings, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by the use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “outlook,” “plan,” “predict,” “should,” “will” and other similar expressions, whether in the negative or affirmative. Such forward-looking statements are based upon management’s current knowledge and assumptions about future events and involve risks and uncertainties that could cause actual results to differ materially from anticipated results. Among the factors that could cause actual results and outcomes to differ materially from those contained in the forward-looking statements are the following:

  • Changes in the competitive landscape and/or our failure to successfully adjust to such changes.
  • Events that damage our reputation or harm the perception of the quality of our brand.
  • Changes in general or regional U.S. economic conditions.
  • Changes in the availability or cost of capital and working capital financing, including changes related to the asset-backed securitization market.
  • Our inability to recruit, develop and retain associates and maintain positive associate relations.
  • The loss of key associates from our store, regional or corporate management teams or a significant increase in labor costs.
  • Security breaches or other events that result in the misappropriation, loss or other unauthorized disclosure of confidential customer, associate or corporate information.
  • Significant changes in prices of new and used vehicles.
  • Changes in economic conditions or other factors that result in greater credit losses for CAF’s portfolio of auto loan receivables than anticipated.
  • A reduction in the availability of or access to sources of inventory or a failure to expeditiously liquidate inventory.
  • Changes in consumer credit availability provided by our third-party finance providers.
  • Changes in the availability of extended protection plan products from third-party providers.
  • Factors related to the regulatory and legislative environment in which we operate.
  • Factors related to geographic and sales growth, including the inability to effectively manage our growth.
  • The failure of or inability to sufficiently enhance key information systems.
  • The effect of various litigation matters.
  • Adverse conditions affecting one or more automotive manufacturers, and manufacturer recalls.
  • The inaccuracy of estimates and assumptions used in the preparation of our financial statements, or the effect of new accounting requirements or changes to U.S. generally accepted accounting principles.
  • The performance of the third-party vendors we rely on for key components of our business.
  • Factors related to seasonal fluctuations in our business.
  • The occurrence of severe weather events.
  • Factors related to the geographic concentration of our stores.

For more details on factors that could affect expectations, see our Annual Report on Form 10-K for the fiscal year ended February 28, 2017, and our quarterly or current reports as filed with or furnished to the U.S. Securities and Exchange Commission. Our filings are publicly available on our investor information home page at investors.carmax.com. Requests for information may also be made to the Investor Relations Department by email to investor_relations@carmax.com or by calling 1-804-747-0422 ext. 4391. We undertake no obligation to update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.

Source: CarMax, Inc.

CarMax, Inc.

Investors:

Katharine Kenny, Vice President, Investor Relations, (804) 935-4591

Celeste Gunter, Manager, Investor Relations, (804) 935-4597

or

Media:

pr@carmax.com, (855) 887-2915

CarMax opens new store in Langhorne, its 5th location in the Philadelphia

RICHMOND, Virginia, 2017-Sep-22 — /EPR Retail News/ — CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, is celebrating the grand opening of its new store in Langhorne, the company’s 5th location in the Philadelphia area. The store is located at 1776 E Lincoln Hwy and has the capacity to stock approximately 240 used vehicles of nearly every make and model. Customers can also request transfers to the Langhorne CarMax of almost any vehicle from other CarMax locations throughout the country.

In celebration of the Langhorne store opening, CarMax and The CarMax Foundation awarded $8,000 in donations and grants to the Lower Bucks Family YMCA. Support for this organization came at the recommendation of the Langhorne CarMax associates.

“CarMax associates care deeply about our communities and enjoy getting involved locally and supporting organizations like the Lower Bucks Family YMCA,” said Bill Hawkins, location general manager of the Langhorne CarMax. “We are excited to join the Langhorne community and look forward to providing an honest, stress-free car-buying experience to customers here.”

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 175 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 Inc.

CarMax to fill 50 positions for new store in Colma, CA slated to open in November

RICHMOND, Virginia, 2017-Sep-19 — /EPR Retail News/ — CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, announced today (September 14, 2017) it is hiring to fill 50 positions for a new CarMax store in Colma, CA slated to open in November. Job applicants hired for the Colma location will be the recipients of special compensation incentives and sign-on bonuses – the largest in CarMax history for these positions.

Entry-level associates are eligible for a starting pay of up to $25/hour. Additionally, all Colma associates will receive bonus compensation of $200 on every paycheck to help with cost of living expenses – a total of more than $5,000 every year. The associates will also receive a New Store Bonus awarded semi-annually during the first two years of employment totaling $2,000.

Associates will receive the following sign-on bonuses for joining CarMax’s team:

  • $3,000-$7,500 for automotive technicians (based on experience level)
  • $3,000 for sales consultants and service advisors
  • $1,500 for reconditioning associates

For 13 consecutive years, CarMax has been named one of FORTUNE magazine’s 100 Best Companies to Work For® and applications are now being accepted at www.jobs.carmax.com.

The company will be hosting a job fair on September 21, 2017 at the Colma Community Center located at 1520 Hillside Boulevard. Refreshments will be served and applicants will be eligible for a raffle prize drawing for a VISA gift card.

“Experience in the automotive industry isn’t a requirement in order to work at CarMax,” said Davi Rodrigues, location general manager of CarMax in Colma. “We focus on hiring people with high integrity and the company provides award-winning training and development to help our associates build great careers.”

Who is CarMax Hiring?

  • CarMax is seeking applicants for full and part-time positions.
  • Available positions include sales, business office, and service operations positions including inventory associates, service advisors and technicians.
  • Technicians require previous automotive experience, however most positions do not.
  • Many CarMax associates have worked for other major retailers, such as Target, Lowe’s, Wal-Mart and Macy’s.

Why Work at CarMax?

  • CarMax is committed to hiring people with strong values of integrity, transparency and respect. We live these values every day and they drive how we treat our associates and our customers.
  • CarMax offers unmatched training and support for associate career growth.
  • CarMax offers competitive pay and a comprehensive benefits package.
  • Stores are equipped with climate controlled, state-of-the-art service bays with quality equipment
  • CarMax associates also receive discounts on car purchases and other services.
  • CarMax is recognized as one of FORTUNE magazine’s 100 Best Companies to Work For®, 15 Best Workplaces in Retail and 100 Best Workplaces for Millennials, as well as one of TRAINING Magazine’s “Training Top 125” companies in America.

How Can Job Seekers Apply?

The new Colma store will be located at 401 Serramonte Boulevard and will be joining the company’s Pleasanton, Fremont, Santa Rosa and San Jose stores as CarMax’s fifth location in the Bay Area.

About CarMax

CarMax is the nation’s largest retailer of used cars and operates more than 175 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

CarMax makes debut at Delmarva peninsula its 7th store in the state of Maryland

Company announces contributions to local nonprofit

RICHMOND, Virginia, 2017-Sep-06 — /EPR Retail News/ — CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, today celebrated the grand opening of its first store in the Delmarva peninsula and 7th store in the state of Maryland. The store is located at 1801 North Salisbury Boulevard and has the capacity to stock approximately 140 used vehicles of nearly every make and model. Customers can also request transfers to the Salisbury CarMax of almost any vehicle from other CarMax locations throughout the country.

In celebration of the Salisbury store opening, CarMax, Inc. and The CarMax Foundation awarded $8,000 in donations and grants to the Junior Achievement of the Eastern Shore. CarMax associates from the Salisbury store recently volunteered with the nonprofit and nominated it to receive the contributions. The CarMax Foundation has granted more than $36 million on behalf of associates across the country since 2003.

“At CarMax, we are community driven and are honored to give back to organizations like Junior Achievement that do some much to empower young people in this community,” said Gary Allen, location general manager of the CarMax in Salisbury. “We are excited to bring our first CarMax location to the Delmarva peninsula and look forward to serving customers with our simple 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 175 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 Business Services, LLC

CarMax promotes Diane Long Cafritz to chief human resources officer and SVP

CarMax promotes Diane Long Cafritz to chief human resources officer and SVP

 

RICHMOND, Va, 2017-Apr-14 — /EPR Retail News/ — CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, today (Apr. 11, 2017) announced the promotion of Diane Long Cafritz to the newly created position of chief human resources officer and senior vice president.

Cafritz, 46, will lead all human resources and loss prevention areas with the primary responsibility of leading CarMax’s strategy to attract, develop and retain talent to support the company’s business and its future growth.

“Our associates are our most important asset and strongest differentiator,” said Bill Nash, CarMax president and chief executive officer. “Diane’s extensive leadership experience will be a tremendous asset in ensuring we continue to elevate our exceptional culture and move our people forward.”

Cafritz joined CarMax in 2003 as assistant general counsel, managing commercial and consumer litigation and has provided significant leadership within the company’s field operational leadership team. She was promoted to vice president in 2014. Prior to joining CarMax, she was employed by McDermott, Will & Emery in Washington, D.C. in the litigation department.

She earned her B.A. in Economics and International Relations at Tufts University, and received her J.D. from the University of Virginia.

About CarMax

CarMax is the nation’s largest retailer of used cars and operates more than 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 24,000 associates nationwide. 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 Contacts:
pr@carmax.com
(855) 887-2915

Investor Contacts
Katharine Kenny
Vice President
Investor Relations
(804) 935-4591

Celeste Gunter
Manager
Investor Relations
(804) 935-4597

Source: CarMax, Inc.

CarMax opens new stores in Lynnwood and Puyallup in the Puget Sound region

Company contributes $120,000 to benefit area children

SEATTLE, 2017-Apr-03 — /EPR Retail News/ — CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, today celebrated the grand opening of the company’s new stores in Lynnwood and Puyallup, as its first locations in the Puget Sound region. These new stores bring more than 200 new jobs to the area, and will provide customers with a selection of between 200 and 400 vehicle options of nearly every make and model at each location.

“For more than 20 years, CarMax has brought integrity to the used car industry by offering no-haggle pricing and a transparent car buying experience that customers want and deserve,” said Bill Nash, president and CEO of CarMax. “Our company is committed to making every step of the car buying process stress-free for our customers, and we look forward to serving the Puget Sound region with the great customer experience CarMax is known for.”

During today’s grand opening celebration, CarMax announced that The CarMax Foundation will invest approximately $95,000 to build a playground in the Puget Sound area. The playground is expected to be built next year through a partnership with KaBOOM!, a national nonprofit ensuring that all kids get the balance of play they need to become healthy and successful adults.

“CarMax associates are passionate about supporting the communities where we live and work,” said Chasidy Murphy, location general manager of the CarMax in Puyallup. “CarMax is committed to making a positive impact on society and we take pride in giving back and volunteering in our local communities.”

CarMax also announced that The CarMax Foundation will be providing $25,000 in grants and donations to local organizations, including Junior Achievement of Washington and Communities in Schools of Puyallup. CarMax associates in Lynnwood and Puyallup nominated these organizations to receive the contributions and have enjoyed participating in volunteer events with both groups. The CarMax Foundation has granted more than $35 million on behalf of associates across the country since 2003.

“We are honored to support these organizations and admire their dedication to serving area youth,” said David Thompson, location general manager of the CarMax in Lynnwood. “The community has been very welcoming of CarMax and we look forward to being a great regional partner, while serving customers for years to come.”

The Puyallup and Lynnwood stores will be located at 202 Valley Avenue NW and 21317 Highway 99, respectively. In addition to the vehicles in stock at each location, customers can request transfers of almost any vehicle from other CarMax locations nationwide. CarMax’s nationwide inventory of nearly 50,000 vehicles can be viewed online at CarMax.com.

About CarMax

CarMax is the nation’s largest retailer of used cars and operates more than 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 24,000 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.

Source: CarMax, Inc.

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

CarMax To Release Fiscal Year Results In Conjunction With Investors Conference Call

RICHMOND, Va., 2017-Mar-27 — /EPR Retail News/ — CarMax, Inc. (NYSE:KMX) today (Mar. 23, 2017) announced details of its investor conference call to be conducted in conjunction with the release of sales and earnings for the fourth quarter ended February 28, 2017.

April 6, 2017 – Fourth Quarter and Fiscal Year 2017 Earnings Conference Call

On April 6, CarMax will release sales and earnings for the fourth quarter and fiscal year ended February 28, 2017, and will host a conference call for investors at 9:00 a.m. ET. Investors may access the call as follows:

  • Dial 1-888-298-3261 (international callers dial 1-706-679-7457). The conference ID is 73770785.
  • A live webcast also will be available at investors.carmax.com.
  • A webcast replay of the call will be available at investors.carmax.com through June 20, 2017. A telephone replay also will be available through April 13, 2017, and may be accessed by dialing 1-855-859-2056 (international callers dial 1-404-537-3406). The conference ID is 73770785.

About CarMax

CarMax is the nation’s largest retailer of used cars and operates 173 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 13 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.

Investors Contact:
Katharine Kenny
Vice President
(804) 935-4591

Celeste Gunter
Manager
(804) 935-4597

Media Contact:
pr@carmax.com
(855) 887-2915

Source: CarMax, Inc.

CarMax named by FORTUNE magazine as one of its 100 Best Companies to Work For

Company Hiring to Fill More Than 2,000 Positions Nationwide

RICHMOND, Va., 2017-Mar-10 — /EPR Retail News/ — For 13 consecutive years, CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, has been named by FORTUNE magazine as one of its 100 Best Companies to Work For ®. CarMax ranks No. 77 for 2017.

CarMax is currently hiring for more than 2,000 positions in existing and new locations across the country. The majority of open store positions are in sales, with additional positions in service (detailers, experienced technicians), purchasing and the business office. Positions range from full to part-time, with day and evening shifts available. Opportunities are also available at CarMax Auto Finance in Atlanta, Georgia, and at the CarMax Home Office and CarMax Shockoe locations in Richmond, Virginia. Interested candidates can visit the CarMax careers website to apply.

“CarMax is unique and different because of our associates,” said Bill Nash, CarMaxCEO. “Their dedication and drive to not only support the customer, but each other, is what makes CarMax a great place to work.”

Some of the areas with a large number of job openings include: Los Angeles and Sacramento, CA; Baltimore, MD; Richmond, VA; Boston, MA; Portland, OR; and Atlanta, GA.

“You don’t necessarily need to have experience in the automotive industry to work at CarMax,” said Monica Kidder, Sales Manager at the CarMax location in Irvine, CA.“We focus on hiring people with high integrity and provide award-winning training and development to help our associates build great careers and achieve long-term success.”

Why Work at CarMax?

  • CarMax is committed to hiring people with strong values of integrity, transparency and respect. We live these values every day and they drive how we treat our associates and our customers.
  • CarMax offers unmatched training and support for associate career growth, and is one of Training Magazine’s “Training Top 125” companies in America (10 years in a row).
  • CarMax offers competitive pay and a comprehensive benefits package.
  • Stores are equipped with climate controlled, state-of-the-art service bays with quality equipment, and associates receive discounts on car purchases and other services.
  • CarMax is recognized by G.I. Jobs as a Military Friendly Employer.
  • While technicians require previous automotive experience, most other positions do not.

How Can Job Seekers Apply?

  • Applications are only accepted online. Job seekers should apply at jobs.carmax.com.

About CarMax
CarMax is the nation’s largest retailer of used cars and operates more than 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 13 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.

About The Fortune 100 Best Companies To Work For®
To identify the 100 Best Companies to Work For®, each year Fortune partners with Great Place to Work to conduct the most extensive employee survey in corporate America. The ranking is based on feedback from more than 232,000 employees at Great Place to Work–Certified™ companies with more than 1,000 employees. Winning a spot on this list indicates the company has distinguished itself from peers by creating a great place to work for employees.

Source: CarMax, Inc.

Media Contacts
Jennifer Bartusiak, CarMax Public Relations
pr@carmax.com
Twitter: @CarMax, Facebook: facebook.com/CarMax

CarMax celebrated the grand opening of its new store in Albany

RICHMOND, Virginia, 2017-Feb-25 — /EPR Retail News/ — CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, today (February 23, 2017) celebrated the grand opening of its new store in Albany, located at 1860 Central Avenue. The Albany CarMax has the capacity to stock approximately 200 used vehicles of nearly every make and model and can transfer almost any vehicle to Albany from other CarMax locations nationwide.

In celebration of the Albany store opening, CarMax donated $2,500 to the Regional Food Bank of Northeastern New York. The donation will provide more than 10,000 meals to those in need in northeastern New York. CarMax associates recently volunteered with the nonprofit and nominated it to receive the donation after seeing its great work within the community.

The CarMax Foundation is also providing a $5,000 grant to the Boys & Girls Club of Albany. Funding from the grant will be used to support the nonprofit’s Project Learn program and will benefit more than 300 local youth. Support for the nonprofit also came at the recommendation of the Albany associates.

“CarMax associates know the importance of being a good neighbor and make it a priority to give back to the communities where we live and work,” said Mark Adkins, location general manager at CarMax Albany. “CarMax is growing nationwide and the company is excited to bring the simple and stress-free used car buying experience to Albany.”

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 more than 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

CarMax celebrates grand opening of its new location in Murrieta, California

Company announces $40,000 in contributions to four local organizations

RICHMOND, Virginia, 2017-Feb-17 — /EPR Retail News/ — CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, today (February 16, 2017)  celebrated the grand opening of its Murrieta store, the company’s largest multi-purpose location on the West Coast. CarMax Murrieta 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 first, and largest, four-lane auction facility on the West Coast. In addition to production and auctions services, the 35-acre property has a separate building for selling used cars to the general public with the stress free, no-haggle buying experience CarMax is known for. The facility is located at 25560 Madison Avenue and has the capacity to stock up to 400 vehicles at a given time. The opening of this new location has brought more than 250 jobs to Murrieta.

“The CarMax Auctions business is continuing to grow and we have been holding two auctions per week at some of our CarMax locations in the Los Angeles region in order to keep up with demand,” said Carlos Raygoza, auction services location general manager of CarMax Murrieta. “The new four-lane auction facility in Murrieta will greatly support our continued growth, as we look forward to serving as many as 500 local dealers attending the auction on a weekly basis.”

The Murrieta location is one of two new stores that opened this month in the Los Angeles area. CarMax also opened a store in Palmdale. Together, the Murrieta and Palmdale stores have brought more than 300 jobs to the Los Angeles region.

In celebration of the Murrieta store opening, CarMax donated $5,000 to Michelle’s Place, a local nonprofit organization that supports women and their families with cancer care. CarMax associates recently volunteered with Michelle’s Place and nominated the organization to receive the donation.

CarMax also announced today that The CarMax Foundation will be providing a $10,000 grant to the Boys & Girls Club in Murrieta to support 100 local underserved youth. CarMax is also awarding a $10,000 grant to the Special Olympics Southern California to help fund sports equipment, coaching materials and transportation of youth athletes. CarMax associates nominated the Boys & Girls Club in Murrieta and Special Olympics Southern California to receive these grants.

“Our Murrieta associates have been so excited about the volunteer activities we’ve been doing with these wonderful organizations in the area,” said Christian Petersen, location general manager at CarMax Murrieta. “CarMax encourages associates to get involved and give back to our local communities and we are pleased to continue making a positive impact in Murrieta.”

The CarMax Foundation will also be donating an Imagination Playground valued at more than $15,000 to the Boys & Girls Club of Perris through its partnership with KaBOOM! to make play more accessible to children and families. Imagination Playgrounds are innovative, loose-parts playgrounds that engage kids in creative play that is physically challenging and collaborative. The Boys & Girls Club of Perris partners with 13 local elementary schools and plans to incorporate the Imagination Playground in educational programming at each of these schools on a rotating basis.

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 more than 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

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

CarMax to fill more than 120 positions at its two new stores opening in Puyallup and Lynnwood, Wash. in March 2017

SEATTLE, 2017-Jan-19 — /EPR Retail News/ — CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, today (January 16, 2017) announced that it is hiring to fill more than 120 positions at the company’s two new stores opening in Puyallup and Lynnwood, Wash. in March 2017. These CarMax stores will be the first in the Puget Sound region. The Puyallup and Lynnwood stores will be located at 202 Valley Avenue NW and 21317 Highway 99, respectively. The first CarMax in Washington state opened in 2014 in Spokane.

CarMax is looking for full and part-time employees and is offering up to a $5,000 sign-on bonus for automotive technicians in its service department. With competitive pay and benefits; and a foundation built around integrity, trust and giving back; CarMax has been named one of FORTUNE magazine’s 100 Best Companies to Work For® 12 consecutive years. Applications are now being accepted on the retailer’s website at http://jobs.carmax.com.

Who is CarMax Hiring?

  • CarMax is seeking applicants for full and part-time positions.
  • Available positions include sales, business office, and service operations positions including inventory, painters and technicians.
  • Technicians require previous automotive experience, however most positions do not require experience.
  • Many CarMax associates have worked for other major retailers, such as Target, Lowe’s, Walmart and Macy’s.

Why Work at CarMax?

  • CarMax is committed to hiring people with strong values of integrity, transparency and respect. We live these values every day and they drive how we treat our associates and our customers.
  • CarMax offers unmatched training and support for associate career growth.
  • CarMax offers competitive pay and a comprehensive benefits package.
  • Stores are equipped with climate controlled, state-of-the-art service bays with quality equipment, and associates also receive discounts on car purchases and other services.
  • CarMax is recognized as one of FORTUNE magazine’s 15 Best Workplaces in Retail and 100 Best Workplaces for Millennials, as well as one of TRAINING Magazine’s “Training Top 125” companies in America.

How Can Job Seekers Apply?

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

Source: CarMax, Inc.

CarMax reaches agreement with the Federal Trade Commission regarding its advertising practices related to recalls

RICHMOND, Virginia, 2016-Dec-14 — /EPR Retail News/ — CarMax has reached an agreement with the Federal Trade Commission (FTC) to resolve an inquiry surrounding its advertising practices related to recalls. As part of the agreement, CarMax is not paying any fines to the FTC and will be modifying some language about recalls in its advertising.

“CarMax has led the industry in recall transparency. As soon as centralized recall information was made available by NHTSA, we believe we were the first to incorporate it into our advertising and sales process. We share vehicle specific open recall information in-store and online to ensure our customers know about open recalls prior to purchase. We will continue to make enhancements to our comprehensive recall disclosure program,” said Cliff Wood, Chief Operating Officer for CarMax.

More information about CarMax’s recall policy can be found here.

Contact Information:

Media Inquiries:
(855) 887-2915
PR@Carmax.com

Customer Relations:
(800) 519.1511

Marketing Vendor Inquiries:
marketing_carmax@carmax.com

Source: CarMax

CarMax announces the opening of its new store in Fremont, CA

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

RICHMOND, Virginia, 2016-Dec-01 — /EPR Retail News/ — CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, celebrated the grand opening of its new store in Fremont, located at 44100 Christy Street. The Fremont store will have the capacity to stock approximately 300 used vehicles of nearly every make and model, and has brought more than 100 new jobs to the area.

The Fremont store is one of two stores to open in the Bay Area today, a store in Santa Rosa is also opened. The first CarMax in the Bay Area opened in Pleasanton in May. These stores have brought more than 200 jobs to the region this year, and positions are still being filled. Those interested in a career at CarMax should visit jobs.carmax.com for more information.

In celebration of the Fremont store opening, CarMax donated $5,000 to Abode Services. Fremont CarMax associates recently volunteered with Abode Services and selected them to receive the grant to help support their mission to provide permanent housing and supportive services programs for local adults and children who are homeless.

The CarMax Foundation is also providing a $10,000 grant to the YMCA of the East Bay. Funding from the grant will help support the YMCA’s commitment to strengthening communities through youth development, healthy living and social responsibility. Support for the YMCA also came at the recommendation of the Fremont associates.

“CarMax associates love to volunteer and build strong relationships with community partners where they live and work,” said Christina Kahn, location general manager of the Fremont CarMax. “With the opening of our second and third locations in the Bay Area, we look forward to providing more customers with the easy, no-haggle experience they’ve come to expect from CarMax.”

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:
Beth Singer
CarMax Public Relations
pr@carmax.com

Twitter: @CarMax
Facebook: facebook.com/CarMax

Source: CarMax

CarMax announces the opening of its new store in Santa Rosa, CA

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

RICHMOND, Virginia, 2016-Dec-01 — /EPR Retail News/ — CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, celebrated the grand opening of its new store in Santa Rosa, located at 2783 Corby Avenue. The CarMax Santa Rosa will have the capacity to stock approximately 300 used vehicles of nearly every make and model, and has brought more than 40 new jobs to the area.

The Santa Rosa store is one of two stores to open in the Bay Area today, a store in Fremont also opened. The first CarMax in the Bay Area opened in Pleasanton in May. These stores have brought more than 200 jobs to the region this year, and positions are still being filled. Those interested in a career at CarMax should visit jobs.carmax.com for more information.

In celebration of the Santa Rosa store opening, CarMax donated $5,000 to the Redwood Empire Food Bank in Santa Rosa. CarMax associates recently volunteered with the Food Bank, and selected them to receive the grant to help support their mission to end hunger in the community.

The CarMax Foundation is also providing a $10,000 grant to the Boys & Girls Clubs of Central Sonoma County. Funding from the grant will help expand an intramural sports program where members learn the importance of practice, teamwork, sportsmanship, encouragement of others and more. This expansion will add more sports and allow an additional 3,000 youth at 20 Clubs the opportunity to participate in this free program. Support for the Boys & Girls Club also came at the recommendation of the Santa Rosa associates.

“At CarMax, our associates care deeply about the community and it shows through their commitment to organizations like these,” said Brandon Mullins, location general manager at CarMax Santa Rosa. “We are excited to announce the opening of our newest store here in Santa Rosa and look forward to serving customers 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 $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:
Beth Singer
CarMax Public Relations
pr@carmax.com

Twitter: @CarMax
Facebook: facebook.com/CarMax

Source: CarMax

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.