CARMAX WINS TORCH AWARDS FROM ATLANTA

BETTER BUSINESS BUREAU

RICHMOND, Va. (April 27, 2009)—CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, has won the Torch Awards for Business Ethics and Community Service from the Metro Atlanta, Athens and Northeast Georgia Better Business Bureau for the fourth year in a row. CarMax has five 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.

“We are once again honored with winning the prestigious Torch Award for the fourth consecutive year,” said Kevin Cox, Vice President for the Atlanta Region of CarMax. “Winning for both ethics and community service is a testament to the culture our company was built upon, and the commitment we have for our communities.”

Torch Award winners have demonstrated their commitment to ethical business practices in all aspects of their relationship with customers, associates, vendors, shareholders, and their contributions to 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 2009 “100 Best Companies to Work For,” is the nation's largest retailer of used cars. Headquartered in Richmond, Va., CarMax currently operates 100 used car superstores in 46 markets. The CarMax consumer offer provides our customers the opportunity to shop for vehicles the way they shop for items at other national retailers, and it is structured around four customer benefits: low, no-haggle prices; a broad selection; high quality vehicles; and a customer-friendly sales process. During the fiscal year ended February 28, 2009, we retailed 345,465 used cars and sold 191,081 wholesale vehicles at our in-store auctions. For more information, access the CarMax website at http://www.carmax.com.

# # #