RICHMOND, Va. (March 25, 2009)-CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, announced today that The CarMax Foundation has awarded Fresno area’s Encourage Tomorrow a $5,000 educational grant as part of the Foundation’s Regional Giving Program.

Encourage Tomorrow received the grant for the Pathways to Success for Youth Program, which will enroll 20 Hispanic female students. The participants attend classes designed to promote financial literacy and provide experiences to prepare the students for their college education. Activities include out-of-town college visits, participation in college-sponsored conferences, and trips to local businesses and museums.

“The CarMax Foundation is proud to support this program that will assist local young women who are working toward continuing their education,” said Jim Nauman, CarMax location general manager in Fresno, California. “These students will build career goals and financial knowledge that will enrich their future.”

The CarMax Foundation’s Regional Giving Program reinforces CarMax's commitment to funding programs that improve local communities. The Regional Giving Program provides grants to qualifying nonprofit organizations that have programs focused on education and youth leadership. CarMax associates working within each of the regions select the local organizations to recommend for grants. 

About the CarMax Foundation

The CarMax Foundation’s Regional Funding Program is designed to enrich the communities where our associates live and work. The Foundation is supported by CarMax and The CarMax Foundation funding programs are made available through a percentage of CarMax, Inc.’s net income from the prior fiscal year. CarMax is a FORTUNE 500 company and one of the FORTUNE 2009 “100 Best Companies to Work For.” Headquartered in Richmond, Va., CarMax is the nation’s largest retailer of used cars and currently operates 100 used car superstores in 46 markets. CarMax provides consumers a transparent buying process based on low, no-haggle prices, a broad selection, high quality vehicles, and customer-friendly service. During the twelve months ended February 29, 2008, the company retailed 377,244 used vehicles and sold 222,406 wholesale vehicles at its in-store auctions. For more information on The CarMax Foundation, visit http://www.carmaxcares.com/.

###