"CarMax is America's largest used-car retailer and a Lot of money 500 firm. The business entity behind the development of CarMax was Circuit City Stores, Inc. The initial CarMax used-car store opened up in September 1993, 1.7 miles (2.7 km) from Circuit City's corporate offices in Richmond, Virginia. As of November 30, 2018, CarMax operated 195 areas in 95 tv media markets.

While CarMax shops concentrate on marketing made use of automobiles, the firm obtained its very first brand-new vehicle franchise business with Chrysler Corporation in 1996. By 1999, it included brand-new lorry franchise business for Mitsubishi Motors, Toyota, and also Nissan also. Since November 2018, the only CarMax new car dealerships that continue to be are the two Toyota shops located in Kenosha, Wisconsin and Laurel, Maryland."