CarMax Opens First Store in Lubbock, TX

August 15, 2019

Company announces contribution to local nonprofit

RICHMOND, Virginia (August 15, 2019) – CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, has opened a new store in Lubbock, TX; the company’s first in the South Plains region and 22nd in the state. CarMax Lubbock is located at 6410 66th Street 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 Lubbock store opening, The CarMax Foundation is awarding a $5,000 grant to the Guadalupe-Parkway Neighborhood Center of Lubbock. This organization serves thousands of children and their families, providing literacy training, language skills, family living training and academic support. The donation for this organization came at the recommendation of the Lubbock CarMax associates.

“We’re honored to partner with amazing organizations like the Guadalupe-Parkway Neighborhood Center of Lubbock and give back to the community,” said Russell Miller, location general manager of the Lubbock CarMax. “Our team is excited to be opening our first store in the South Plains region and look forward to introducing our iconic car buying experience to customers.” 

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 getpre-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.

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