CarMax Company Description
To the greatest extent possible, CarMax helps drivers find inexpensive autos. The nation's largest specialty used-car retailer buys, reconditions, and sells cars and light trucks at about 100 retail units in about two dozen states, mainly in the Southeast and Midwest; CarMax also operates six new-car franchises (all integrated or co-located with the used-car dealers). CarMax sells cars that are generally under six years old with less than 60,000 miles. CarMax also sells used cars through its ValuMax program. ValuMax cars are older than six years or have more than 60,000 miles. The company's Web site lets customers search CarMax outlets nationwide for a particular model.
View the Comprehensive Company Description for CarMax
The Company Description provides a historical perspective of CarMax's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of CarMax's evolution in the marketplace.
