Announces $30,000 in Contributions to Local Nonprofit
RICHMOND, Virginia (October 29, 2014) – CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, today celebrated its first store in Reno, Nevada. The store, located at 35 Auto Center Drive, is the company’s third store in Nevada.
During a grand opening celebration, CarMax announced that The CarMax Foundation will invest $20,000 toward providing the Boys & Girls Club of Truckee Meadows with an Imagination Playground. Imagination Playground is an innovative design in play equipment that encourages creativity, communication and collaboration in play. With a collection of custom-designed, oversized blue foam parts, Imagination Playground provides a changing array of elements that allow children to turn their playground into a space constantly built and re-built by their imagination. The playground will be donated as part of The CarMax Foundation’s $4.1 million national partnership with KaBOOM!, the national nonprofit working to ensure that all kids get the balance of play they need to become healthy and successful adults.
“Giving back to the community is an important part of CarMax’s culture,” said Tom Folliard, president and CEO of CarMax. “In addition to helping Reno customers find their perfect vehicle, we are excited to help provide resources for area kids to engage in healthy and creative play.”
In addition to donating the Imagination Playground, The CarMax Foundation also announced a $10,000 grant to the Boys & Girls Club of Truckee Meadows for the Project Learn educational program. This grant came at the recommendation of local CarMax associates and will impact more than 2,000 local youth. Since 2003, The CarMax Foundation has donated more than $20 million on behalf of associates across the country.
“CarMax associates are the most valued part of our company,” said Hal Mintun, location general manager of the CarMax Reno store. “We work to hire individuals who value integrity above all else, and we definitely found that in Reno! We are excited about our 75 new associates in this store.”
CarMax is sharing photos and videos from today’s event on the company Facebook page and through Twitter.
CarMax was founded more than 20 years ago to fundamentally change the way car buying is done. We make the process more ethical, fair and transparent by offering a no-haggle, no-hassle experience and an incredible selection of CarMax Quality Certified vehicles. Every CarMax vehicle undergoes a rigorous 125+ point inspection, and we stand behind our vehicles with a 5-Day Money-Back Guarantee and a 30-Day Limited Warranty. CarMax customers can shop for nearly every make and model at our stores or online at carmax.com, with prices clearly listed for each of our more than 35,000 vehicles nationwide. CarMax also takes the hassle out of selling your car by offering fast, commitment free appraisals – we’ll buy your car, even if you don’t buy ours. Shopping at CarMax is truly the way car buying should be.
About CarMax
CarMax, a member of the FORTUNE 500 and the S&P 500, and one of the FORTUNE “100 Best Companies to Work For” for 10 consecutive years, is the nation’s largest retailer of used vehicles. Headquartered in Richmond, Virginia, CarMax currently operates 142 superstores in 72 markets. The CarMax consumer offer features low, no-haggle prices, a broad selection of CarMax Quality Certified used vehicles and superior customer service. During the 12 months ending February 28, 2014, the company retailed 526,929 used cars and sold 342,576 wholesale vehicles at our in-store auctions. For more information, access the CarMax website at www.carmax.com.
Media Contacts
Michelle Ellwood, CarMax Public Relations
pr@carmax.comTwitter: @CarMax, Facebook: facebook.com/CarMax