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Carmax Business


What kind of company is CarMax?

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.

What are the business segments of CarMax?

It operates two business segments: CarMax Sales Operations and CarMax Auto Finance. The corporate entity behind the formation of CarMax was Circuit City Stores, Inc. The first CarMax retail location opened in September 1993 in Richmond, Virginia. As of October 2022, CarMax operates 238 locations.

What is it like to work at CarMax?

At CarMax, every associate is welcomed, supported, and valued for their unique perspectives and backgrounds. Millions of car buyers have financed through CarMax. Every week, we auction thousands of cars to dealers across the country, achieving a 97–100% sales rate.



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