CARMAX AWARDED MARYLAND "WORKPLACE EXCELLENCE" SEAL OF APPROVAL FOR THIRD CONSECUTIVE YEAR

RICHMOND, Va., (June 14, 2007) CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, has been selected by the Alliance for Workplace Excellence as a 2007 Workplace Excellence Seal of Approval Recipient. CarMax, which has over 1,000 associates in Maryland, has received this award for the third consecutive year. An award ceremony was held today at the Bethesda North Marriott Hotel and Conference Center in Maryland.

“This honor acknowledges our continued commitment of putting our associates first," said Dan Johnston, regional vice president for CarMax. "By providing a unique company culture that promotes a work-life balance, a comprehensive and competitive benefits package, and company-wide recognition programs that rewards associates for going above and beyond, we’ve provided a workplace that is unlike any other—where associates have purpose, trust, respect and value every day.”

The Workplace Excellence Seal of Approval recognizes visionary employers that view workplace excellence as a strategic business imperative. Award-winners are selected based on the merit of an application submitted to an Independent Review Panel.

The Alliance for Workplace Excellence (formerly the Maryland Work-Life Alliance) is a 501(c)3 nonprofit organization committed to positioning workplace excellence as a competitive advantage in the public, private and nonprofit business community by building and recognizing Excellent Places to Work™.

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