CARMAX INC
CarMax, Inc. (branded as CARmax) 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 Corporation, Inc., opening its first location in September 1993 in Richmond, Virginia. In 2021 CarMax, Inc. purchased remaining shares of Edmunds.com, Inc. (edmunds) making it a wholly owned subsidiary. As of January 2025, CarMax operates 253 locations.
Basic company information
Each field links to its source. Financial figures retain their reporting periods; background references are identified in the source list.
Company positioning and business
CarMax, Inc. (branded as CARmax) 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 Corporation, Inc., opening its first location in September 1993 in Richmond, Virginia. In 2021 CarMax, Inc. purchased remaining shares of Edmunds.com, Inc. (edmunds) making it a wholly owned subsidiary. As of January 2025, CarMax operates 253 locations. [3]
While CarMax stores focus on marketing used vehicles, the company acquired its first new car franchise with Chrysler Corporation in 1996. By 1999, it added new vehicle franchises for Mitsubishi Motors, Toyota, and Nissan. In late 2021, CarMax sold its last new vehicle dealership, located in Kenosha, Wisconsin, to the Rydell Company. [3]
Background text: Wikipedia contributors, CarMax. Selected introductory paragraphs, licensed under CC BY-SA 4.0. Official filing data is cited separately.
Financial year, securities and disclosures
Listed securities: KMX (NYSE). Multiple symbols may represent different share classes or securities of the same registrant. [1]
History and key events
Founding / inception date recorded in Wikidata. [2]
Financial results and regulatory disclosures
No individual financial documents have been indexed yet. Open the source to consult company disclosures. [1]
Related entities and concepts
Frequently asked questions
When was CARMAX INC founded?
Founded: 1993. The linked source provides the background record. [2]
Where is the headquarters of CARMAX INC?
Headquarters location: Goochland County. The linked source provides the background record. [2]
Sources and review dates
- Company identity and profile data ↗
- Wikidata — company background record (CC0) ↗
- Wikipedia contributors — CarMax (CC BY-SA 4.0) ↗
Reviewed 23 October 2026. Financial periods and historical event dates are shown separately. Figures reflect their stated source dates; this page is not a live quote or investment recommendation.