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CarMax, Inc. 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 company began as a side business of Circuit City, opening its first location in September 1993 in Richmond, Virginia. As of October 2022, CarMax operates 238 locations.
Scroll on for our thorough CarMax review. The average car payment in the United States has hit a record high — more than $700 a month ($730, to be exact), per a recent study by Cox Automotive ...
CarMax had a tough start to its new fiscal year. In its fiscal 2025 first quarter, CarMax reported earnings of $0.97 per share, down 34% year over year, though last year's figure benefited from a ...
CarMax is a used car auto superstore concept developed in 1991 at Circuit City by Austin Ligon, then Circuit City's Senior VP of Planning, and Rick Sharp, then Circuit City CEO. The goal of CarMax was to revolutionize used car retailing through a combination of large selection (400+ used cars at each store); low, no-haggle pricing; guaranteed ...
The CarMax goal is to sell more than 2 million used vehicles annually to consumers and through its auctions by 2030, or possibly sooner, company officials have reported. Dozens of used cars are ...
Richard L. "Rick" Sharp (April 12, 1947 – June 24, 2014) 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. In 1993, Sharp co-founded CarMax, the largest used car retailer in the United States, which grew to more than 135 locations with revenue of ...
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