Who is CarMax owned by?
William Jenkins
Updated on January 12, 2026
Circuit City
As of May 2021, CarMax operates 225 locations. While CarMax stores focus on marketing used vehicles, the company acquired its first new car franchise with Chrysler Corporation in 1996….CarMax.
| Type | Public |
|---|---|
| Number of employees | c. 27,000+ (2021) |
| Parent | Circuit City (1993–2002) |
| Website | carmax.com |
When was CarMax started?
September 1993
CarMax/Founded
How many stores does CarMax own?
Visit us at 226 CarMax store locations nationwide.
Is CarMax real?
CarMax is a used car dealer that has a “no-haggle” policy for selling and buying used vehicles. CarMax has more than 200 physical locations located across the U.S., but you can actually do most of what’s involved in buying or selling a car with CarMax online.
Does CarMax have hidden fees?
Does CarMax have hidden fees? While CarMax doesn’t charge you to buy or sell with them, you will have to pay for shipping. If you buy from one of their physical locations, you may also have to pay a transfer fee to have the car shipped to your local CarMax, and dealership fees for paperwork.
How profitable is CarMax?
Net sales and operating revenues increased 4.1% to $5.16 billion when compared with the prior year fourth quarter. Net earnings decreased 2.3% to $209.9 million and net earnings per diluted share decreased 2.3% to $1.27 compared with the prior year quarter.
What’s better than CarMax?
SellMax is the best CarMax alternative. We keep our overhead low and so, passing on the savings to you in the way of a higher payout on your car is quite easy for us. Whatever offers you get from CarMax, we’re typically able to beat the carmax offer on it. However, you shouldn’t just take our word for it.
Why are CarMax prices so high?
Their prices aren’t as low as other dealers’. The Truth About Cars analyzed the sales prices of similar vehicles on eBay and CarMax and found that their prices were consistently higher, often by a few thousand dollars. That’s because they have more overhead, which the site points out.
Which CarMax is the biggest?
CarMax Hiring for Its Largest Location Nationwide in Murrieta. RICHMOND, Virginia (October 26, 2016) – CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, selected the city of Murrieta as the location to build the company’s largest multi-purpose facility to date.
Who was the founder of the CarMax company?
The concept for CarMax was developed by Circuit City executives under then-CEO Richard L. Sharp. It was developed for nearly a year in 1991, using the code name “Project X”, and was also known as “Honest Rick’s Used Cars” to those intimately involved in the skunk works team.
Who was the first person to invent Carmex?
Alfred Woelbing, the founder of Carma Lab Incorporated, invented Carmex in 1936. Carmex is a salve for chapped lips and cold sores; the ingredients in Carmex are menthol, camphor, alum and wax. Alfred Woelbing suffered from cold sores and invented Carmex to find a solution to his own health issues.
When did the first CarMax store open in Virginia?
The first CarMax used-car store opened in September 1993, 1.7 miles (2.7 km) from Circuit City’s corporate offices in Richmond, Virginia. As of March 23 2021, CarMax operated 224 locations. While CarMax stores focus on marketing used vehicles, the company acquired its first new car franchise with Chrysler Corporation in 1996.
Who was the inventor of Carmex lip balm?
Alfred Woelbing and the History of Carmex. Alfred Woelbing, the founder of Carma Lab Incorporated, invented Carmex in 1936.
