CarMax Inc

CarMax Inc together with its associated entities functions as a prominent purveyor of previously owned automobiles across the United States Its business operations are strategically structured into two principal divisions CarMax Sales Operations and CarMax Auto Finance Through its retail offerings the company provides an extensive selection of preowned vehicles including various domestic imported and luxury models in addition to hybrid and electric options Customers also have the opportunity to purchase extended protection plans at the time of their vehicle acquisition Separately CarMax sells older highermileage vehiclestypically around ten years old with over 100000 milesvia wholesale auctions Furthermore CarMax delivers reconditioning and repair services for its vehicles For its retail clients the company facilitates a range of financing alternatives designed to accommodate diverse credit profiles managed both by its internal CarMax Auto Finance segment and through arrangements with various external financial institutions As of February 28 2022 CarMax operated a network comprising approximately 230 retail locations specializing in used cars Founded in 1993 CarMax Inc maintains its corporate headquarters in Richmond Virginia