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CarMax, Inc. is a used vehicle retailer based in the United States. It operates two business segments: CarMax Sales Operations and CarMax Auto Finance. The company began as a side business of Circuit City, opening its first location in September 1993 in Richmond, Virginia. As of January 2025, CarMax operates 253 locations. [3]
The first location opened in Richmond, Virginia in September 1993. CarMax grew slowly for its first four years as the team refined the basic concept, then went public through an IPO as a "tracking stock" of Circuit City in February 1997. The offering was managed by Morgan Stanley and Goldman Sachs, and raised more than $400m for a 20% interest ...
Virginia's location within the U.S. ... CarMax: 987 West Creek Business Park 3 Luck Stone 331 Manakin-Sabot: 4 Virginia Farm Bureau: 300 West Creek Business Park 5
Co-founded by Sharp in 1993, CarMax grew to $12.5 billion in annual sales at approximately 135 locations by 2013. [2] Sharp hired Thomas J. Folliard as one of CarMax's first employees. Folliard has served as the president and chief executive of CarMax from 2006 until 2016, when Folliard retired.
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Currently, CarMax has 229 locations across the U.S. where you can find your next dream car, irrespective of the model, make or year you have in mind. Trading or selling your car through CarMax is ...
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