RICHMOND, Va. (July 24, 2008)-CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, announced today that the CarMax Foundation has awarded Classroom on Wheels, Inc. a $2,500 grant as part of the Foundation’s new Regional Giving Program.

Classroom on Wheels, Inc. received the grant for the Classroom on Wheels Pre-K Program which offers quality pre-school education to low-income children. The program prepares parents and children for Kindergarten requirements, giving children the opportunity to be equally educated with their peers.

“Classroom on Wheels is committed to educating children in a nurturing and creative environment,” said Mark Simmons, Los-Angeles Regional Giving Committee chairperson and CarMax purchasing manager in San Diego, California. “The CarMax Foundation is proud to support programs that are educational and beneficial for family and the community.”

The CarMax Foundation’s Regional Giving Program reinforces CarMax's commitment to funding programs that improve the communities where our associates live and work. The Regional Giving Program will provide grants to qualifying nonprofit organizations that have programs focused on education and youth leadership.

Each of CarMax’s eight regions will grant up to $100,000 annually to organizations in their local area, totaling $800,000 nationwide, which will directly benefit local communities each year. CarMax associates working within each of the regions select the local organizations to recommend for grants.

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