CARMAX ASSOCIATE DISPLAYS HEROIC ACTION,
WINS ABOVE AND BEYOND AWARD

RICHMOND, Va. (May 15, 2008) —CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used vehicles, is pleased to announce that Jon Penny has been awarded the CarMax “Above and Beyond” award. Penny, a Buyer-in-Training at the CarMax store located at 8520 Glenwood Avenue in Raleigh, North Carolina, was honored for responding to a customer in need of CPR.

On February 28, 2008, a male customer collapsed on the floor at the Raleigh CarMax store. Penny quickly responded by performing emergency CPR on the customer. Once the ambulance arrived, they were able to assist the customer immediately due to Penny’s quick actions.

“Jon’s concern for this customer is admirable and respected,” said Pete LeQuier, Location General Manager of the Raleigh location. He added, “We are proud to have such a caring, compassionate member on our team.”

Only a few select associates throughout the entire company nationwide are selected for the "Above and Beyond" award each month. The award consists of a bonus check of $1,000, a pizza party for the winner’s store, and a trophy. Store and regional management nominate associates and winners are selected for delivering exceptional customer service. 


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 94 used car superstores in 43 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 www.carmax.com.

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