CarMax Opens First Store in Gulfport

November 21, 2019

Company announces contribution to local nonprofit

RICHMOND, Virginia (November 21, 2019) – CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, has opened a new store in Gulfport, MS; the company’s first store in the Gulfport region and third store in the state. CarMax Gulfport is located at 11155 CarMax Way 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 Gulfport store opening, The CarMax Foundation is awarding a $5,000 grant to Lynn Meadows Discovery. This organization provides interactive educational experiences and exploration to children, families and communities through the arts. The donation for this organization came at the recommendation of the CarMax Gulfport associates.

“CarMax associates are passionate about partnering with local organizations like Lynn Meadows Discovery that provide exceptional services to our community,” said Mike Marriott, location general manager of CarMax Gulfport. “Our team is beyond excited to be a part of the Gulfport community and look forward to delivering our iconic car-buying experience to customers here.”

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 approximately 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 7-Day Money-Back Guarantee and a limited warranty that covers a vehicle’s major systems for 90 days or 4,000 miles, whichever comes first.

About CarMax
CarMax, the nation’s largest retailer of used cars, revolutionized the automotive retail industry by driving integrity, honesty and transparency in every interaction. CarMax continues to innovate and is currently rolling out an omni-channel experience, providing customers the option to complete transactions entirely from home, in store, or in a seamless combination of both. CarMax has more than 200 stores nationwide, and during the latest fiscal year sold nearly 750,000 used cars and 450,000 wholesale vehicles at its in-store auctions. With more than 25,000 associates, CarMax is proud to have been recognized for 15 consecutive years as one of the Fortune 100 Best Companies to Work For®. For more information, visit www.carmax.com

Media Contact
CarMax Public Relations, (855) 887-2915
pr@carmax.com@CarMaxfacebook.com/CarMax


Contact Information

Investor Relations Department
(804) 747-0422 x 7865
investor_relations@carmax.com

Stacy Frole
Vice President, Investor Relations

Celeste Gunter
Manager, Investor Relations

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