operates as a specialty retailer of used cars and light trucks.
It purchases, reconditions, and sells used vehicles.
The company offers its customers a selection of makes and models of used vehicles, including both domestic and imported cars and light trucks.
CarMax also sells new vehicles under various franchise agreements.
In addition, the company offers its customers a range of related services, including the financing of vehicle purchases through CarMax Auto Finance and third-party lenders, the sale of extended warranties, and vehicle repair service.
As of March 31, 2005, CarMax operated 60 used car superstores and 7 new car franchises.
CarMax was founded by Austin Ligon.
The company was incorporated in 1996 and is headquartered in Richmond, Virginia.
