CarMax
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, CarMax operates 238 locations.
| Company type | Public |
|---|---|
Traded as |
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| 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) |
Net income | US$2.37 billion (FY2021) |
Number of employees | c. 27,000+ (2021) |
| Parent | Circuit City (1993–2002) |
| Website | carmax |
While CarMax stores focus on marketing used vehicles, the company acquired its first new car franchise with Chrysler Corporation in 1996. By 1999, it added new vehicle franchises for Mitsubishi Motors, Toyota, and Nissan. In late 2021, CarMax sold its last new vehicle dealership, located in Kenosha, Wisconsin, to the Rydell Company.
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