 | |
| Company type | Public |
|---|---|
| Industry | Used car retailer |
| Founded | September 1993 (as a subsidiary of Circuit City) |
| Headquarters | Richmond, Virginia, U.S. |
Key people | |
| Revenue |  US$18.95 billion (FY2021)[1] |
| US$2.37 billion (FY2021)[2] | |
Number of employees | c. 27,000+ (2021)[2] |
| Parent | Circuit City (1993–2002) |
| Website | carmax |
 | This article may need to be rewritten to comply with Wikipedia's quality standards. (August 2023) |
CarMax, Inc. is a used vehicle retailer based in the United States. It operates two business segments: CarMax Sales Operations and CarMax Auto Finance. The company began as a side business of Circuit City, opening its first location in September 1993 in Richmond, Virginia. As of October 2022,[update] CarMax operates 238 locations.[3]
While CarMax stores focus on marketing used vehicles, the company acquired its first new car franchise with Chrysler Corporation in 1996.[4] By 1999, it added new vehicle franchises for Mitsubishi Motors, Toyota, and Nissan.[5] In late 2021, CarMax sold its last new vehicle dealership, located in Kenosha, Wisconsin, to the Rydell Company.[6]
- ^ "CarMax FY2021 Annual Report" (PDF).
- ^ a b "Car Max Inc. Form 10-K For Fiscal Year Ended February 28, 2021" (PDF).
- ^ "CarMax Store Locations Nationwide".
- ^ "Carmax's new cars make waves in Atlanta". autonews.com. 24 June 1996. Retrieved 29 November 2018.
- ^ "Carmax adds Mitsubishi franchises to new-car offerings". autonews.com. 9 November 1998. Retrieved 29 November 2018.
- ^ "CarMax (KMX) Disposes New-Car Business With Sale of Toyota Store". NASDAQ. October 6, 2021. Archived from the original on 2021-10-07. Retrieved October 7, 2021.