CarMax, Inc.

Richmond, VA United States

  (NYSE: KMX)

Company Description

To the greatest extent possible, CarMax helps drivers find late-model used autos. The US's largest specialty used-car retailer buys, reconditions, and sells cars and light trucks at about 100 superstores in 25 US states, mainly in the Southeast and Midwest; CarMax also operates several new-car franchises and sells older vehicles through about 260,000 in-store auctions each year at 50 of its stores. CarMax sells vehicles that are generally fewer than six years old with less than 60,000 miles. It also sells older cars and trucks with higher mileage via its ValuMax program. The company's website lets customers search CarMax outlets nationwide for a particular model. Its CarMax Auto Finance unit offers financing.