RICHMOND, Va.--(BUSINESS WIRE)--Jan. 22, 2009--CarMax, Inc. (NYSE:KMX), the nation's largest retailer of used cars, has
been named by FORTUNE magazine as one of its 2009 "100 Best Companies to
Work For." This is the fifth consecutive year CarMax
has been named to the list. CarMax ranks No. 31 on the list for 2009.
The list and related stories will appear in the February 2 issue of
FORTUNE, available on newsstands January 26, 2009 and at www.fortune.com
on January 22.
"Our associates' dedication and innovation continues to move our company
forward through this challenging economy and difficult retail
environment, and they are the reason CarMax continues to be on the '100
Best Companies to Work For' list," said
Tom Folliard
, president and
chief executive officer of CarMax.
The company's commitment to the community is visible through its Volunteer
Team-Builder Program, which is run by The CarMax Foundation.
"Participation has increased significantly this past year," Folliard
said. "Our associates recognize needs in their communities and donate
their time and talents. This has been especially valuable during a year
that has hit nonprofit organizations so hard." Projects have included
working with underserved children and homeless shelters, participating
in walks that support non-profits, and helping to build homes for
deserving families. CarMax locations have also hosted blood, food and
toy drives throughout the year. The
CarMax Foundation has given more than $6.5 million dollars to
nonprofit organizations since it was established in 2003.
CarMax offers consumers a no-hassle, no-haggle car-buying experience and
a broad selection of high-quality used vehicles. CarMax
guarantees the quality of the cars sold, does not sell flood- or
frame-damaged vehicles, and guarantees a clean title and accurate
odometer readings on its cars. All vehicles are thoroughly inspected and
reconditioned with a five-day, money-back guarantee and a limited 30-day
warranty (60-day in Conn.).
FORTUNE's annual ranking of companies is based primarily upon a
confidential, random survey of associates, as well as an evaluation of a
company's culture, compensation, training, and turnover.
About CarMax
CarMax, a FORTUNE 500 company, and one of the FORTUNE 2009 "100 Best
Companies to Work For," is the nation's largest retailer of used cars.
Headquartered in Richmond, Va., CarMax currently operates 99 used car
superstores in 46 markets. The unique CarMax consumer offer provides our
customers the opportunity to shop for vehicles the way they shop for
items at other national retailers, and it is structured around four
customer benefits: low, no-haggle prices; a broad selection; high
quality vehicles; and a customer-friendly sales process. During the
twelve months ended February 29, 2008, the company retailed 377,244 used
vehicles and sold 222,406 wholesale vehicles at its in-store auctions.
For more information, access the CarMax website at http://www.carmax.com.
CONTACT: CarMax, Inc.
Media Contacts:
Lisa Van Riper, Assistant Vice President, Public Affairs, 804-935-4594
Trina H. Lee, Director, Public Relations, 804-747-0422 ext.4197
or
Investor Contacts:
Katharine W. Kenny, Assistant Vice President, Investor Relations, 804-935-4591
Celeste Gunter, Manager, Investor Relations, 804-935-4597
Source: CarMax, Inc.