RICHMOND, Va. (November 27, 2006)-CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used vehicles, is pleased to announce that its Birmingham, Alabama store has been selected as a "Best of the Best" winner for 2006 in "Birmingham’s Best Companies for Working Families" by Birmingham Parent’s magazine. CarMax was recognized in the small company category for its family-friendly policies and practices.

"We know that a healthy work and life balance is essential for our associates’ well-being and prosperity," said Oscar Kummerlowe, location general manager at the Birmingham store. "CarMax is dedicated to treating consumers and associates with respect, fairness and integrity."

Receiving the "Best of the Best" award by Birmingham Parent’s magazine reinforces CarMax’s commitment to consumers and associates. "Birmingham’s Best Companies for Working Families" winners continuously demonstrate proactive initiatives to ensure a balance between work and family life for associates. Award winners have set themselves apart from other businesses with their innovative work and family policies that help employees juggle careers and family.

CarMax gives associates rewarding careers with comprehensive and competitive benefits packages that include:

• Health Benefits: medical, dental and vision
• Paid Time Off: vacation, sick, personal and holiday
• Retirement and Financial Planning
• Day Care Savings, Adoption Assistance and Education Assistance

CarMax offers 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 71 used car superstores in 34 markets. CarMax also operates seven new car franchises, all of which are integrated or co-located with its used car superstores. During the twelve month period ended August 31, 2006, the company sold 311,241 used cars, which is 94% of the total 330,296 vehicles the company retailed during that period. 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