RICHMOND, Va. (November 14, 2008)—CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, has won the Torch Award for Marketplace Ethics from the Connecticut Better Business Bureau. This award honors businesses that significantly and positively contribute to advancing trust in the marketplace through their programs, business practices, and community involvement.

“We are honored to receive this award,” said Stephen Hupp, Location General Manager of CarMax in Hartford. “CarMax was founded on the principle of integrity and we are thrilled to be recognized by the Connecticut BBB for our ethical business model.”

CarMax operates two auto superstores in Connecticut, one at 89 Weston Street, Hartford, the other at 121 Frontage Road, East Haven. Since opening, the Connecticut-area CarMax locations have been recognized for many accomplishments including community giving and associate recognition.

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 99 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 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 http://www.carmax.com/.

Media Contacts:

                                                            # # #