Last Updated: 2026

CarMax

Rank#2946

Market Cap5.72B

CountryUnited States

Summary

CarMax, Inc., together with its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates through two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions. The company also provides reconditioning and vehicle repair services; and financing alternatives for retail customers across a range of credit spectrum through its CarMax Auto Finance and arrangements with various financial institutions. As of February 28, 2022, it operated approximately 230 used car stores. CarMax, Inc. was founded in 1993 and is based in Richmond, Virginia.

History

CarMax was founded in 1993 by Austin Ligon, a former McKinsey & Company colleague, and is now a Fortune 500 company. The company is rapidly expanding and now has more than 7,000 team members in the United States. CarMax is a publicly traded and publicly held company.

Mission

To drive integrity in the automotive industry by being honest & transparent in every interaction.

Vision

An iconic experience -- Every time. Everywhere.

References

https://en.wikipedia.org/wiki/CarMax

https://in.investing.com/equities/carmax-inc

https://finance.yahoo.com/quote/KMX/profile?p=KMX

https://www.comparably.com/companies/carmax/mission

https://www.crunchbase.com/organization/carmax

https://sec.report/CIK/0001170010

https://companiesmarketcap.com/