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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]
CarMax auto superstore in Raleigh, North Carolina. CarMax is a used car auto superstore concept developed in 1991 at Circuit City by Austin Ligon, then Circuit City's Senior VP of Planning, and Rick Sharp, then Circuit City CEO. The goal of CarMax was to revolutionize used car retailing through a combination of large selection (400+ used cars ...
The company was an early adopter of the "haggle-free" approach to pricing used cars, later used by competitor CarMax and online used car retailers like Carvana. While most small used car dealers sell vehicles " as is ", Enterprise offers a 7-day/1,000-mile buyback policy, a 12-month/12,000-mile limited powertrain warranty and 12 months of ...
President Donald Trump signed an order to put tariffs on U.S. neighbors Canada and Mexico, as well as China, starting Tuesday. Canada and Mexico quickly announced retaliatory tariffs, while China ...
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In 1998, CarMax brought a lawsuit against Republic for copyright and trademark infringement. [12] CarMax received a $50 million jury award in its lawsuit, but it was overturned on appeal in 1998. [8] In April 1998, competitor Drivers' Mart was purchased for $40 million.
Jeffrey Epstein's 'black book' and client list could be closer to public release thanks to new leadership in Washington, D.C., under President Trump.
In 1997, the Edmunds.com website earned a Webby Award in the Money category at the inaugural event. [29] The company has been ranked as one of the best places to work by The Wall Street Journal and the Los Angeles Business Journal. [30] Edmunds.com was named to Fast Company's World's Top 10 Most Innovative Companies of 2015 in Automotive. [31]
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