CarMax, Inc.

Detailed Description

CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through whole auctions. The company also provides reconditioning and vehicle repair services; and financing alternatives for retail customers across a range of credit spectrum through its CarMax Auto Finance and arrangements with various financial institutions. As of February 28, 2021, it operated approximately 220 used car stores and 1 new car franchises. CarMax, Inc. was founded in 1993 and is based in Richmond, Virginia.

Key People

Bill Nash, President & CEO Ed Hill, COO Jim Lyski, CMO Shamim Mohammad, C I T O Diane Cafritz, C H R O Enrique Mayor- Mora, CFO

Financials

Revenue: US$18.95 billion (FY2021)

Net income: US$2.37 billion (FY2021)