RICHMOND, Va. (May 8, 2006)—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. CarMax has four CarMax Auto Superstores in the greater Atlanta region, as well as the credit division CarMax Auto Finance, which supports financing for all CarMax stores.

"CarMax is honored to have been awarded the prestigious Torch Award," said Kevin Cox, Vice President for the Atlanta Region of CarMax. "We believe that this recognition is an acknowledgement of how we’re revolutionizing our industry. We’re giving customers what they want in a car buying experience by creating a company culture that is focused on being ethical, trustworthy, and respectful of our customers."

Torch Award winners have demonstrated their commitment to ethical business practices in all aspects of their relationship with customers, associates, vendors, shareholders, and within 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 2006 "100 Best Companies to Work For," is the nation's largest retailer of used cars. Headquartered in Richmond, Va., CarMax currently operates 70 used car superstores in 33 markets. During the twelve month period ended February 28, 2006, the company sold 289,888 used cars, which is 93 percent of the total 310,789 vehicles the company retailed during that period. CarMax also operates seven new car franchises, all of which are integrated or co-located with its used car superstores. For more information, access the CarMax website at www.carmax.com.

Media Contacts

Lisa Van Riper, Assistant Vice President, Public Affairs, (804) 935-4594
Trina H. Lee, Public Relations Manager, (804) 747-0422 ext.4197