CarMax is a used auto retailer.
The concept for CarMax was developed by Circuit City executives in 1993 after it was proposed by a consultant who was hired to evaluate new business opportunities for the company.
Today CarMax is the largest specialty used car retailer in the United States with 225 superstores in 41 states, mainly in the Midwest and Southeast.
The company also sells used vehicles through 325,000 in-store auctions at 225 stores and operates four new-car franchises.
CarMax is publicly traded on the New York Stock Exchange under the ticker symbol KMX, is a member of the S&P 500, is #323 in the Fortune 500, has 20,171 employees, and had $18.95 billion in revenue in 2021.
In April 2022, the company had sizeable stock gains due to the red hot used car market.
Also in April 2022, the company announced that it planned to open 10 new stores in 2022 and stock more used vehicles than new.
CarMax maintains a corporate office in Richmond, Virginia.
CarMax is a used auto retailer.
The concept for CarMax was developed by Circuit City executives in 1993 after it was proposed by a consultant who was hired to evaluate new business opportunities for the company.
History
Today CarMax is the largest specialty used car retailer in the United States with 225 superstores in 41 states, mainly in the Midwest and Southeast.
The company also sells used vehicles through 325,000 in-store auctions at 225 stores and operates four new-car franchises.
CarMax is publicly traded on the New York Stock Exchange under the ticker symbol KMX, is a member of the S&P 500, is #323 in the Fortune 500, has 20,171 employees, and had $18.95 billion in revenue in 2021.
In April 2022, the company had sizeable stock gains due to the red hot used car market.
Also in April 2022, the company announced that it planned to open 10 new stores in 2022 and stock more used vehicles than new.
CarMax maintains a corporate office in Richmond, Virginia.