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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 October 2022, CarMax operates 238 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 ...
Tysons Corner has more Fortune 500 company headquarters than Washington, D.C. [1]. This is a list of notable companies headquartered in Northern Virginia.The majority of the following companies are located in Fairfax County and Loudoun County the most populous jurisdictions in Northern Virginia, Virginia state, and the Baltimore-Washington metropolitan area.
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.
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
Ligon and Richard Sharp, then CEO of Circuit City, developed the CarMax idea together in 1991 and launched the first CarMax store in Richmond, Virginia, in 1993. [5] Austin became Sr. VP of Automotive in 1992, and President of CarMax in 1995.
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 ...
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 ...
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