CarMax is the largest used car retailer and one of the Fortune 500 companies in the United States. CarMax was created in September 1993. As of August 2012, CarMax has 110 offices. As of February 26, 2009, CarMax operated 100 used car supermarkets and seven new car franchises.
A typical CarMax store has about 59,000 square feet (5500 square meters), 300-400 car inventory and 40 sales staff. CarMax after-sales service includes a 30-day warranty for the car and a 5-day money-back guarantee. CarMax issued company shares in Circuit City in February 1997.
As of February 28, 2009, in a 12-month period, CarMax sold a total of 345,465 vehicles. CarMax’s competitor in Florida is AutoNation. On April 2, 2009, according to the 2009 fiscal year report released by CarMax, the company opened 11 used car supermarkets, including 5 new large supermarkets.
CarMax was named ‘the most respected company in American auto retail.’ It was also named ‘100 Best Companies for Work’ by ‘Fortune’ magazine.
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