CarMax Opens in Waterbury, Connecticut

June 08, 2017

Company announces contributions to local nonprofit

RICHMOND, Virginia – (June 8, 2017) – CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, today celebrated the grand opening of its 3rd store in Connecticut, located at 450 Captain Neville Drive in Waterbury. The Waterbury CarMax has the capacity to stock approximately 200 used vehicles of nearly every make and model. CarMax customers can also request transfers to Waterbury of almost any vehicle from other CarMax locations throughout the country.

In celebration of the Waterbury store opening, CarMax, Inc. and The CarMax Foundation awarded $8,000 in donations and grants to the Boys & Girls Club of Greater Waterbury. CarMax associates from the Waterbury store recently volunteered with the nonprofit and nominated it to receive the contributions. The CarMax Foundation has granted more than $36 million on behalf of associates across the country since 2003.

“We have a lot of admiration for the Boys & Girls Clubs of America and our Waterbury associates take pride in giving back to our local chapter,” said Wayne Lord, location general manager of the CarMax in Waterbury. “We are excited to open our third Connecticut store and look forward to providing the honest, high-integrity car-buying experience Waterbury customers know they can expect at CarMax.”

The CarMax Foundation will also be donating an Imagination Playground valued at more than $15,000 through its partnership with KaBOOM! focused on making play more accessible to children and families. Imagination Playgrounds are innovative, loose-parts playgrounds that engage kids in creative play that is physically challenging and collaborative. CarMax is currently identifying a recipient for the Imagination Playground and plans to present the donation this summer.

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).

About CarMax

CarMax is the nation’s largest retailer of used cars and operates more than 175 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. During the 12 months ending February 28, 2017, the company retailed 671,294 used cars and sold 391,686 wholesale vehicles at its in-store auctions. For more information, access the CarMax website at www.carmax.com.

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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