CarMax Opens in Corpus Christi, Texas

October 11, 2018

Company announces contributions to local nonprofit

RICHMOND, Virginia (October 11, 2018) – CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, is now open for business in Corpus Christi, Texas, the company’s first store in the area and its 19th location in Texas. The Corpus Christi store is located at 7306 S. Padre Island Drive and has the capacity to stock approximately 140 used vehicles of nearly every make and model. CarMax customers can also request transfers of almost any vehicle to this store from other CarMax locations throughout the country.

In celebration of the Corpus Christi store opening, CarMax and The CarMax Foundation are awarding $12,500 in donations and grants over the next two years to the Coastal Bend Food Bank. The donations for this organization came at the recommendation of the Corpus Christi CarMax associates.

“Our associates enjoy serving our local communities, and Corpus Christi is a great place to live, work and get involved in the community,” said Dave Marrero, location general manager of the Corpus Christi CarMax. “We are excited to offer a new location where customers can buy and sell cars with ease and confidence.”

CarMax disrupted the industry more than 25 years ago by offering a high integrity car-buying experience customers want that’s transparent and stress-free. Since that time, CarMax has continued to revolutionize the experience through customer-focused technology innovations. Approximately 90% of CarMax purchasers start on CarMax.com or the CarMax mobile app. Customers can browse CarMax’s nationwide inventory of nearly 50,000 vehicles, hold a vehicle for a test drive, schedule an appraisal, and even get pre-qualified for financing before visiting the store. CarMax stands behind their 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 195 stores in 41 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 25 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 nearly 25,000 associates nationwide and for 14 consecutive years has been named as one of the FORTUNE 100 Best Companies to Work For®. During the 12 months ending February 28, 2018, the company retailed 721,512 used cars and sold 408,509 wholesale vehicles at its in-store auctions. For more information, access the CarMax website at www.carmax.com.

Media Contact

Dietta Slayton, 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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