Company announces contributions to local nonprofit

RICHMOND, Virginia (February 6, 2018) – CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, has opened its first store in the Montgomery, Ala., area; the company’s fifth store in the state. CarMax Montgomery is located at 5175 Woodmere Boulevard and has the capacity to stock approximately 140 used vehicles of nearly every make and model. CarMax customers can also request transfers of almost any vehicle to this store from other CarMax locations throughout the country.

In celebration of the Montgomery store opening, CarMax and The CarMax Foundation are awarding $12,500 in donations and grants over the next two years to the Montgomery Area Food Bank. The donation for this organization came at the recommendation of CarMax associates employed at the new Montgomery store.

“Our team is passionate about getting involved in the community and making a difference,” said Tabitha Hawkins-Clemons, location general manager of the Montgomery CarMax. “We are excited to provide our new neighbors the easy, no-hassle car buying experience they can expect at CarMax.”

CarMax disrupted the industry more than 25 years ago by offering a high integrity car-buying experience customers want that’s transparent and stress-free. Since that time, CarMax has continued to revolutionize the experience through customer-focused technology innovations. Approximately 90% of CarMax purchasers start on CarMax.com or the CarMax mobile app. Customers can browse CarMax’s nationwide inventory of approximately 50,000 vehicles, hold a vehicle for a test drive, schedule an appraisal, and even get pre-qualified for financing before visiting the store. CarMax stands behind their vehicles with a 7-Day Money-Back Guarantee and a 30-Day Limited Warranty (60-Day in CT, MN & RI, 90-Day in MA, NY and NJ).

About CarMax
CarMax is the nation’s largest retailer of used cars and operates more than 200 stores in 41 states nationwide. CarMax revolutionized the auto industry by delivering the honest, transparent and high-integrity car buying experience customers want and deserve. For more than 25 years, CarMax has made car buying more ethical, fair and stress-free by offering a no-haggle, no-hassle experience and an incredible selection of vehicles. CarMax makes selling your car easy too, by offering no-obligation appraisals good for seven days. At CarMax, we’ll buy your car even if you don’t buy ours®. CarMax has more than 25,000 associates nationwide and for 14 consecutive years has been named as one of the FORTUNE 100 Best Companies to Work For®. During the 12 months ending February 28, 2018, the company retailed 721,512 used cars and sold 408,509 wholesale vehicles at its in-store auctions. For more information, access the CarMax website at www.carmax.com.

Media Contact
CarMax Public Relations (855) 887-2915
Lindsey Duke pr@carmax.com ● @CarMax ● facebook.com/CarMax