How many CarMax locations are there?
Visit us at 235 CarMax store locations nationwide.
Is CarMax owned by Toyota?
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....CarMax.TypePublicHeadquartersRichmond, Virginia, U.S.10 more rows
Who is CarMax owned by?
Bill Nash is president and chief executive officer of CarMax, the nation's largest retailer of used cars with more than 25,000 associates at more than 220 retail locations, customer experience centers, corporate locations and CarMax Auto Finance (CAF). Mr.
Where is CarMax headquarters?
Richmond, VACarMax / Headquarters
Is CarMax in financial trouble?
The lack of inventory is contributing to higher car prices and is a problem in itself. CarMax shares fell 7.4% to $95.53 on Tuesday. The stock has declined about 26.7% year to date. CarMax did manage to increase market share in fiscal 2022.
Is CarMax a reputable company?
We spoke with a few buyers and sellers, and our general opinion is that yes CarMax is good. The sellers enjoyed their car sales services because the price offered – while a bit under full value – was fair.
What is the difference between CarMax and Carvana?
The biggest difference between CarMax and Carvana is that CarMax has physical lots spread out across the country. That means that you can shop local inventory in person and even test drive cars. On the flip side, it also means CarMax has more overhead than Carvana, which could translate into higher prices.
Where is the largest CarMax?
MurrietaRICHMOND, Virginia (October 26, 2016) – CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, selected the city of Murrieta as the location to build the company's largest multi-purpose facility to date.
What does CarMax do before selling a car?
We dig deep into every car's history to rule out any car with flood damage, frame damage, or salvage history. Any car that can't meet our Clean Title Guarantee gets sold at auction — not to you. Cars must also pass a 125+ point inspection and undergo a detailed reconditioning to be sold at CarMax.
Is Carfax owned by CarMax?
In December 1996, the company's website was launched to offer consumers the same vehicle history reports already available to businesses. In the fall of 1999, Carfax became a wholly owned subsidiary of R.L. Polk & Company. In 2013, IHS acquired Polk and Carfax, which added to its Automotive offerings.
What company owns Carfax?
S&P GlobalCARFAX / Parent organizationS&P Global Inc. is an American publicly traded corporation headquartered in Manhattan, New York City. Its primary areas of business are financial information and analytics. Wikipedia
Who is the founder of CarMax?
Richard L. SharpCarMax / FounderRichard L. "Rick" Sharp was an American business and retail executive who served as the CEO of Circuit City, a former consumer electronics retail chain, from 1986 to 2000. Wikipedia
Where is Carmax located?
CarMax store in Raleigh, North Carolina. CarMax is a used vehicle retailer based in the United States. 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.
What is a carmax?
CarMax. Not to be confused with Carfax (company) or Carmex. CarMax is a used vehicle retailer based in the United States. 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.
How long is the CarMax warranty?
Each car goes through a thorough 125-point inspection process, beyond any state-required inspections, and includes a 90-day warranty, three days to change the financing for free, and a 30-day money back guarantee. Circuit City issued the first CarMax stock in February 1997, when CarMax had seven locations.
How many vehicles does Carmax have?
A typical CarMax store is approximately 59,000 square feet (5,500 m 2 ), carries an inventory of 300–400 vehicles, and turns its inventory over eight to ten times a year. On average, a CarMax location employs 40 sales associates.
How many Carmax stores will be open in 2021?
As of May 2021, CarMax operates 225 locations. 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 as well.
When did Circuit City split from Carmax?
CarMax officially split from Circuit City as of October 1, 2002, when it was spun off as a stock dividend for Circuit City shareholders, with shares also issued to those holding CarMax tracking stock. CarMax sold over 750,000 vehicles to consumers in Fiscal Year 2021.
Who created the concept car for Circuit City?
Concept. The concept for CarMax was developed by Circuit City executives under then-CEO Richard L. Sharp. It was developed for nearly a year in 1991, using the code name "Project X", and was also known as "Honest Rick's Used Cars" to those intimately involved in the skunk works team.
How many CarMax locations are there in the United States in 2021?
There are 228 CarMax locations in the United States as of October 14, 2021. The state with the most number of CarMax locations in the US is California, with 29 locations, which is 12% of all CarMax locations in America.
Top States with the most CarMax locations: California Vs. Texas Vs. Florida
A location for every 1,362,482 people, with about 12% of the total number of CarMax locations
Download CarMax Locations Dataset
You can download the full list of CarMax locations used for this analysis from our data store. Here is a random sample of 10 records for you to look at the fields and the data that we provide.
Overview
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 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 May 2021, CarMax operates 225 locations.
About
CarMax's headquarters is located in Richmond, Virginia. CarMax Auto Finance operates from Kennesaw, Georgia. There are CarMax retail locations in 41 states as well as customer service call-centers (called Customer Experience Centers).
Concept
The concept for CarMax was developed by Circuit City executives under then-CEO Richard L. Sharp. It was developed for nearly a year in 1991, using the code name "Project X", and was also known as "Honest Rick's Used Cars" to those intimately involved in the skunk works team. The concept was actually first proposed by Ronald L. Moore of Richmond, Virginia, a consultant hired by Circuit City to evaluate possible business opportunities beyond the scope of their consumer electronic…
Competition
While CarMax is seen as the nation's largest used-car retailer, it is not without competition. With a large shift in customer shopping habits, more online-only companies have worked to eat away are market share in the used vehicle market. To combat this CarMax unveiled what it calls their Omni-channel platform, which is aimed at allowing customer to buy a car online, in-store, or any combination of the two. They also have provided opportunities for customers to choose vehicle …
Recognition
CarMax is listed on Fortune's "100 Best Companies to Work For" list from 2005 to 2022, placing 98th in 2022.
Other awards include:
• Fortune Best Workplaces in Retail
• Best Workplaces for Diversity 2019
External links
• Official website
• Business data for CarMax, Inc.:
• CarMax Auction official website
• CarMax Foundation official website