Company Also Introduces New Community Service Award
RICHMOND, Va., Jun 01, 2010 (BUSINESS WIRE) --CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used
cars, today kicks off volunteer efforts across the United States to
support the communities
where our associates live and work. During June, hundreds of CarMax
associates are volunteering in teams for non-profit organizations, such
as Boys & Girls Clubs, Ronald McDonald House, and American Cancer
Society.
Volunteer teams are dedicating their time and energy throughout the
month of June, also known as CarMax Cares Month, with local and
nationwide organizations. Their activities include work with animal
shelters, helping at food banks, and reading to local children, as well
as providing summer camp assistance.
The CarMax Foundation's standard Volunteer Team-Builder Program grants
$500 to participating non-profit organizations. The Foundation is
doubling grants to the non-profits for associate volunteer
team-builders to $1,000 in June on behalf of the hardworking teams
supporting their local communities.
"CarMax teams are passionate about having a positive impact on their
communities," said Dodie Fix, president of The
CarMax Foundation and assistant vice president of procurement.
"Volunteers get to know each other outside of a work environment while
making a lasting impression on local non-profit organizations."
New this year, The CarMax Foundation has introduced a CarMax Cares
Community Service Award that will be given to associates who go above
and beyond in their commitment to volunteering in the local community,
either through leading CarMax philanthropic efforts or through their
personal dedication to local charities. Winners will be announced in the
fall and The CarMax Foundation will make a grant of $5,000 to an
eligible charity of their choice.
About The CarMax Foundation
The CarMax Foundation's funding programs are designed to enrich the
communities where our associates live and work. The CarMax Foundation is
a separate entity from and supported by CarMax, Inc. Funds granted to
The CarMax Foundation are made available through a percentage of CarMax,
Inc.'s income from the prior fiscal year. CarMax, a FORTUNE 500 company,
and one of the FORTUNE 2010 "100 Best Companies to Work For," is the
nation's largest retailer of used cars. Headquartered in Richmond, Va.,
we currently operate 101 used car superstores in 47 markets. The CarMax
consumer offer is structured around four customer benefits: low,
no-haggle prices; a broad selection; high quality vehicles; and
customer-friendly service. During the fiscal year ended February 28,
2010, the company retailed 357,129 used cars and sold 197,382 wholesale
vehicles at our in-store auctions. For more information, access the
CarMax website at www.carmax.com.
For more information on The CarMax Foundation visit http://www.carmaxcares.com.
SOURCE: CarMax, Inc.
CarMax, Inc.
Britt Farrar
Public Relations Manager
804-747-0422, ext. 3473
Twitter: @CarMax
or
Michelle T. Ellwood
Public Affairs Coordinator
804-747-0422, ext. 4139
Twitter: @CarMaxCares