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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]
A city and county that share a name may be completely unrelated in geography. For example, Richmond County is nowhere near the City of Richmond, and Franklin County is even farther from the City of Franklin. More Virginia counties are named for women than in any other state. [4] Virginia's postal abbreviation is VA and its FIPS state code is 51.
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 ...
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Both CarMax and Carvana are great platforms for buying and selling used cars, but which one is better? Here's a full overview to help you make your decision.
Richmond (/ ˈ r ɪ tʃ m ə n d / RITCH-mənd) is the capital city of the U.S. commonwealth of Virginia.Incorporated in 1742, Richmond has been an independent city since 1871. The city's population in the 2020 United States census was 226,610, up from 204,214 in 2010, [7] making it Virginia's fourth-most populous city. [8]
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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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