About Business
CarMax, Inc. is an American company that sells used cars in the United States. It has two main parts: CarMax Sales Operations and CarMax Auto Finance. The business began as a side project of Circuit City, with its first store opening in Richmond, Virginia, in September 1993. The company headquarters is in Richmond, Virginia. However, CarMax Auto Finance is operational in Kennesaw, Georgia. In 1296, CarMax got its first car franchise in collaboration with Chrysler Corporation. In 1999, the company introduced its new vehicle franchise for Mitsubishi Motors, Nissan, and Toyota. As of October 2022, CarMax has 238 stores across the country. CarMax has consistently ranked on Fortune's "100 Best Companies to Work For" list from 2005 through 2023, achieving a position of 75th in the latest 2023 rankings.