Stock Symbol: KMX
4900 Cox Rd.
CarMax is the nation's leading specialty retailer of used cars. It operates 37 used car superstores in 17 markets. CarMax also operates 17 new car franchises, 15 of which are integrated or co-located with its used car superstores. During the 12 months ended with CarMax's second quarter on August 31, 2002, the company sold 178,800 used vehicles, which was 88 percent of the total 202,300 vehicles the company sold.
CarMax Financial Summary:
CarMax Business Summary:
CarMax, Inc. operates as a specialty retailer of used cars and light trucks. The company purchases, reconditions, and sells used vehicles. CarMax also sells new vehicles under various franchise agreements. In addition, the company offers its customers various services, including the financing for its used and new car sales through its own finance operation, CarMax Auto Finance, and third-party lenders; the sale of extended service plans; and vehicle repair service. As of August 23, 2005, CarMax operated 62 used car superstores in 28 markets. As of the above date, CarMax also operated seven new car franchises, all of which were integrated or co-located with its used car superstores. CarMax was co-founded by Austin Ligon in 1993 and is headquartered in Richmond, Virginia.