RICHMOND, Va. (May 15, 2008)—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 third 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. In addition to the Torch Award for Business Ethics, CarMax also won in the Community Service category.

“This is an incredible honor,” said Kevin Cox, Vice President for the Atlanta Region of CarMax. “As a three-time Torch Award winner, we are both humbled and proud to be considered among the most ethical companies in Atlanta who also give back to the community where our associates live and work.”

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 2008 “100 Best Companies to Work For,” is the nation's largest retailer of used cars. Headquartered in Richmond, Va., CarMax currently operates 94 used car superstores in 43 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 29, 2008, we retailed 377,244 used cars and sold 222,406 wholesale vehicles at our in-store auctions. For more information, access the CarMax website at www.carmax.com.

Media Contacts
Trina H. Lee, Director, Public Relations, (804) 747-0422 ext.4197
Elia C. Imler, Assistant Manager, Public Affairs, (804) 747-0422, ext. 4029

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