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Latest CarMax Press Releases

October 22, 2014
CarMax Board Increases Share Repurchase Authorization by $2 Billion
RICHMOND, Va.--(BUSINESS WIRE)--Oct. 22, 2014-- CarMax, Inc. (NYSE: KMX) today announced that its Board of Directors has approved a $2 billion expansion of the company’s share repurchase program, for an aggregate share repurchase authorization of $3.8 billion since the initial announcement of the program in October 2012. As of August 31, 2014, the company had made $893 million of repurchases under the program. The expanded authorization is effective imme...
October 09, 2014
CarMax Opens First Store In Tupelo, Mississippi
Company Celebrates by Donating to the Local Community RICHMOND, Virginia (October 9, 2014) – CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, officially opened its first store in Tupelo, Mississippi located at 3147 Tom Watson Drive. The store is more than 8,000-square-feet, occupies more than 5 acres and stocks more than 100 used vehicles. To celebrate the Tupelo store opening, CarMax is donating $2,500 to The Family Resource Center. This nonprofi...
September 30, 2014
CarMax Statement Regarding Recalls
CarMax was founded to fundamentally change the way Americans buy used vehicles and is the industry leader in integrity and transparency. As part of our commitment to transparency, we notify all customers prior to purchasing any vehicle from CarMax that their vehicle may have an open recall and they should register their vehicle with the manufacturer and have any open recalls fixed. When customers register their Vehicle Identification Number (VIN), they can get the most up-to-date informat...
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