CARMAX WINS PINNACLE AWARD FOR EXCELLENCE FROM HOUSTON BETTER BUSINESS BUREAU
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RICHMOND, Va. (May 3, 2007)— CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, has won the Pinnacle Award for Business Ethics from the Houston Better Business Bureau. CarMax is the nation’s largest retailer of used cars with four store locations in the greater Houston, Texas area. "We are honored to have received the Pinnacle Award," said Donna Wassel, Vice President of the Southwest Region of CarMax. "Receiving this honor reflects CarMax’s continued dedication to transparent business practices with our customers and associates." Houston Better Business Bureau Pinnacle Award winners maintain a superior commitment to ethics, overall excellence, and quality in the workplace. As a Pinnacle Award winner, CarMax has displayed each of these characteristics, as well as recognizing the importance of being a good corporate neighbor in the communities where our associates live and work. One example of how CarMax associates give back to their community is during the annual Thanksgiving dinner for the homeless at the George R. Brown Convention Center. The City Wide Club sponsors Thanksgiving dinner at the convention center with 35,000 to 40,000 people in attendance. CarMax volunteers help serve, distribute canned goods, and clean the facility after the holiday meal. CarMax offers consumers a no-hassle, no-haggle car-buying experience and a broad selection of high-quality used vehicles. CarMax guarantees the quality of its cars, does not sell flood- or frame-damaged vehicles, and guarantees a clean title and accurate odometer readings on its cars. All vehicles are thoroughly inspected and reconditioned, and CarMax offers a five-day, money-back guarantee and a limited 30-day warranty. About CarMax CarMax, a FORTUNE 500 company and one of the FORTUNE 2007 "100 Best Companies to Work For," is the nation's largest retailer of used cars. Headquartered in Richmond, Va., CarMax currently operates 80 used car superstores in 38 markets. The CarMax consumer offer is structured around four core equities: low, no-haggle prices; a broad selection; high quality vehicles; and customer-friendly service. During the twelve months ended February 28, 2007, the company retailed 337,021 used vehicles and sold 208,959 wholesale vehicles at its in-store auctions. For more information, access the CarMax website at www.carmax.com. Media Contacts
Trina H. Lee, Public Relations Manager, (804) 747-0422 ext.4197
Elia C. Imler, Public Relations Specialist, (804) 747-0422, ext. 4029