RICHMOND, Va., Jan 21, 2010 (BUSINESS WIRE) -- CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used
cars, has been named by FORTUNE magazine as one of its 2010 "100
Best Companies to Work For." This is the sixth consecutive year CarMax
has been named to the list. CarMax ranks No. 56 on the list for 2010.
The list and related stories will appear in the February 8 issue of
FORTUNE, available on newsstands January 25, 2010 and now at www.fortune.com/bestcompanies.
"I've never been more proud of our associates. Their resilience during
this challenging last year has been extraordinary and it continues to
strengthen our company culture," said Tom Folliard, president and chief
executive officer of CarMax. "Their quick response to the changing
retail environment and dedication to improving the car buying experience
for our customers is deeply valued."
The company is now focused on building a better CarMax for its more than
13,000 associates by further developing its work force, improving the
car buying experience for its customers, and discovering efficiencies by
continuously examining processes for opportunities to reduce waste.
CarMax offers consumers a no-hassle, no-haggle car-buying experience and
a broad
selection of high-quality used vehicles. CarMax
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.).
To pick the 100 Best Companies, FORTUNE partners with the Great Place to
Work Institute to conduct the most extensive employee survey in
corporate America. Three hundred forty-three companies participated in
this year's survey. Two-thirds of a company's score is based on the
results of a random sample of employees from each company. The survey
asks questions related to their attitudes about the management's
credibility, job satisfaction and camaraderie. The other third of the
scoring is based on the company's responses to questions about pay and
benefit programs and a series of open-ended questions about hiring,
communication and diversity.
About CarMax
CarMax, a FORTUNE500 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 100 used car
superstores in 46 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 twelve
months ended February 28, 2009, the company retailed 345,465 used
vehicles and sold 194,081 wholesale vehicles at our in-store auctions.
For more information, access the CarMax website at http://www.carmax.com.
SOURCE: CarMax, Inc.
CarMax Public Relations
Trina H. Lee, 804-747-0422 ext.4197
or
Elia C. Imler, 804-747-0422 ext.4029