RICHMOND, Va. (May 3, 2007)—CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, has won the Torch Award for Business Ethics from the Metro Atlanta, Athens and Northeast Georgia Better Business Bureau for the second year in a row. CarMax has four CarMax Auto Superstores in the greater Atlanta region, a CarMax Car Buying Center, and CarMax Auto Finance, the credit division that supports financing for all CarMax stores nationwide.
"Our company was founded on the principle of integrity," said Kevin Cox, Vice President for the Atlanta Region of CarMax. "Winning the prestigious Torch Award again this year is a reflection of our promise to customers and associates to uphold personal honesty and professional integrity by selling cars in a way that is transforming the auto retailing industry."
Torch Award winners have demonstrated their commitment to ethical business practices in all aspects of their relationship with customers, associates, vendors, shareholders, and within the community.
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
