CarMax Opens in Albany, New York

February 23, 2017

Company announces contributions to two local nonprofits

RICHMOND, Virginia (February 23, 2017) – CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, today celebrated the grand opening of its new store in Albany, located at 1860 Central Avenue. The Albany CarMax has the capacity to stock approximately 200 used vehicles of nearly every make and model and can transfer almost any vehicle to Albany from other CarMax locations nationwide.

In celebration of the Albany store opening, CarMax donated $2,500 to the Regional Food Bank of Northeastern New York. The donation will provide more than 10,000 meals to those in need in northeastern New York. CarMax associates recently volunteered with the nonprofit and nominated it to receive the donation after seeing its great work within the community.

The CarMax Foundation is also providing a $5,000 grant to the Boys & Girls Club of Albany. Funding from the grant will be used to support the nonprofit’s Project Learn program and will benefit more than 300 local youth. Support for the nonprofit also came at the recommendation of the Albany associates.

“CarMax associates know the importance of being a good neighbor and make it a priority to give back to the communities where we live and work,” said Mark Adkins, location general manager at CarMax Albany. “CarMax is growing nationwide and the company is excited to bring the simple and stress-free used car buying experience to Albany.”

CarMax was founded more than 20 years ago to fundamentally change the way car buying is done. CarMax customers can shop for nearly every make and model at our stores or online at carmax.com, with prices clearly listed for each of our nearly 50,000 vehicles nationwide. In addition, we stand behind our vehicles with a 5-Day Money-Back Guarantee and a 30-Day Limited Warranty (60-Day in CT, MN & RI, 90-Day in MA, NY and NJ). The CarMax Foundation has granted more than $35 million on behalf of associates across the country since 2003.

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 23,000 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.

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Media Contacts
Lindsey Duke, CarMax Public Relations, PR@CarMax.com
Twitter: @CarMax, Facebook: facebook.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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