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A typical CarMax store is approximately 59,000 square feet (5,500 m 2), [9] carries an inventory of 300–400 vehicles, and turns its inventory over eight to ten times a year. On average, a CarMax location employs 40 sales associates.
In 2011, two years after launching a similar service for new vehicles, the company launched a used car inventory search tool, allowing users to compare vehicles in their market. [12] Edmunds.com launched its first ever TV advertising campaign in select markets in 2012, before expanding nationally in 2013. [ 13 ]
Ligon earned a B.A. in 1973 from the Plan II Honors program at the University of Texas at Austin, where he was elected to Phi Beta Kappa and was a member of the Tejas Club. He received a lifetime achievement award at The Tejas Club's 85th anniversary in October 2010. He studied at the Pontificia Universidad Catolica del Peru in Lima, Peru in ...
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In November 2014, Elie Wurtman and Allon Bloch joined as co-founders to transform the company into a technological platform and the company was renamed Vroom. It also has a refurbishment facility in Stafford, Texas [6] and was included on Forbes’ list of the Hottest E-Commerce Startups of 2015. [7] Vroom's current CEO is Tom Shortt.
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. [3]
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