Company Celebrates by Donating to the Local Community

RICHMOND, Virginia (October 9, 2014) – CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, officially opened its first store in Tupelo, Mississippi located at 3147 Tom Watson Drive. The store is more than 8,000-square-feet, occupies more than 5 acres and stocks more than 100 used vehicles.

To celebrate the Tupelo store opening, CarMax is donating $2,500 to The Family Resource Center. This nonprofit was selected by local CarMax associates for the educational support it provides for local children and the positive impact it's making on families within the community.

The CarMax Foundation also has awarded a $5,000 grant to the Boys & Girls Club of North Mississippi’s Power Hour homework assistance program. In addition, The Foundation awarded a Natural Disaster Grant of $5,000 to the American Red Cross to support their Northeast Mississippi Chapter cleanup efforts from the recent tornado damage. These local contributions also came at the recommendation of Tupelo CarMax associates. The CarMax Foundation has granted more than $20 million on behalf of associates across the country since 2003.

“We are excited to open our second store in Mississippi and give back to the Tupelo community,” said Steve Patton, location general manager of the Tupelo CarMax. “At our new store, customers will receive the same great service and unique no-haggle experience that CarMax has been proud to offer since the beginning.”

CarMax was founded more than 20 years ago to fundamentally change the way car buying is done. We make the process more ethical, fair and transparent by offering a no-haggle, no-hassle experience and an incredible selection of CarMax Quality Certified vehicles. Every CarMax vehicle undergoes a rigorous 125+ point inspection, and we stand behind our vehicles with a 5-Day Money-Back Guarantee and a 30-Day Limited Warranty. CarMax customers can shop for nearly every make and model at our stores or online at carmax.com, with prices clearly listed for each of our more than 35,000 vehicles nationwide. CarMax also takes the hassle out of selling your car by offering fast, commitment free appraisals – we’ll buy your car, even if you don’t buy ours. Shopping at CarMax is truly the way car buying should be.

About CarMax

CarMax, a member of the FORTUNE 500 and the S&P 500, and one of the FORTUNE “100 Best Companies to Work For” for 10 consecutive years, is the nation’s largest retailer of used vehicles. Headquartered in Richmond, Virginia, CarMax currently operates 141 superstores in 71 markets. The CarMax consumer offer features low, no-haggle prices, a broad selection of CarMax Quality Certified used vehicles, and superior customer service. During the 12 months ending February 28, 2014, the company retailed 526,929 used cars and sold 342,576 wholesale vehicles at our in-store auctions. For more information, access the CarMax website at www.carmax.com.

Media Contacts

Casey Werderman, CarMax Public Relations, (804) 747-0422 ext. 4773

Twitter: @CarMax, Facebook: facebook.com/CarMax