CarMax Opens First Stores in Puget Sound Area

March 30, 2017

Company contributes $120,000 to benefit area children

SEATTLE--(BUSINESS WIRE)-- CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, today celebrated the grand opening of the company’s new stores in Lynnwood and Puyallup, as its first locations in the Puget Sound region. These new stores bring more than 200 new jobs to the area, and will provide customers with a selection of between 200 and 400 vehicle options of nearly every make and model at each location.

“For more than 20 years, CarMax has brought integrity to the used car industry by offering no-haggle pricing and a transparent car buying experience that customers want and deserve,” said Bill Nash, president and CEO of CarMax. “Our company is committed to making every step of the car buying process stress-free for our customers, and we look forward to serving the Puget Sound region with the great customer experience CarMax is known for.”

During today’s grand opening celebration, CarMax announced that The CarMax Foundation will invest approximately $95,000 to build a playground in the Puget Sound area. The playground is expected to be built next year through a partnership with KaBOOM!, a national nonprofit ensuring that all kids get the balance of play they need to become healthy and successful adults.

“CarMax associates are passionate about supporting the communities where we live and work,” said Chasidy Murphy, location general manager of the CarMax in Puyallup. “CarMax is committed to making a positive impact on society and we take pride in giving back and volunteering in our local communities.”

CarMax also announced that The CarMax Foundation will be providing $25,000 in grants and donations to local organizations, including Junior Achievement of Washington and Communities in Schools of Puyallup. CarMax associates in Lynnwood and Puyallup nominated these organizations to receive the contributions and have enjoyed participating in volunteer events with both groups. The CarMax Foundation has granted more than $35 million on behalf of associates across the country since 2003.

“We are honored to support these organizations and admire their dedication to serving area youth,” said David Thompson, location general manager of the CarMax in Lynnwood. “The community has been very welcoming of CarMax and we look forward to being a great regional partner, while serving customers for years to come.”

The Puyallup and Lynnwood stores will be located at 202 Valley Avenue NW and 21317 Highway 99, respectively. In addition to the vehicles in stock at each location, customers can request transfers of almost any vehicle from other CarMax locations nationwide. CarMax’s nationwide inventory of nearly 50,000 vehicles can be viewed online at CarMax.com.

About CarMax

CarMax is the nation’s largest retailer of used cars and operates more than 170 stores in 39 states nationwide. CarMax revolutionized the auto industry by delivering the honest, transparent and high-integrity car buying experience customers want and deserve. For more than 20 years, CarMax has made car buying more ethical, fair and stress-free by offering a no-haggle, no-hassle experience and an incredible selection of vehicles. CarMax makes selling your car easy too, by offering no-obligation appraisals good for seven days. At CarMax, we’ll buy your car even if you don’t buy ours®. CarMax has more than 24,000 associates nationwide and for 12 consecutive years has been named as one of the FORTUNE 100 Best Companies to Work For®. During the 12 months ending February 29, 2016, the company retailed 619,936 used cars and sold 394,437 wholesale vehicles at its in-store auctions. For more information, access the CarMax website at www.carmax.com.

Source: CarMax, Inc.

Media Contact

Lindsey Duke, CarMax Public Relations, (855) 887-2915

pr@carmax.com@CarMaxfacebook.com/CarMax

Contact Information

Katharine Kenny
Vice President, Investor Relations
(804) 935.4591
katharine_kenny@carmax.com

Celeste Gunter
Manager of Investor Relations
(804) 935.4597
celeste_gunter@carmax.com

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