Ad
related to: what time does carmax close
Search results
Results From The WOW.Com Content Network
CarMax, Inc. is a used vehicle retailer based in the United States. It operates two business segments: CarMax Sales Operations and CarMax Auto Finance. The company began as a side business of Circuit City, opening its first location in September 1993 in Richmond, Virginia. As of October 2022, CarMax operates 238 locations. [3]
CarMax was spun off from Circuit City in a tax free distribution to shareholders in October 2002 to allow both companies to grow and be valued independently. The stock distribution provided Circuit City shareholders with KMX stock valued at over $1.2bn (~$1.94 billion in 2023) at the time of the spin off in 2002. [82]
Both CarMax and Carvana are great platforms for buying and selling used cars, but which one is better? Here's a full overview to help you make your decision.
This page was last edited on 26 August 2008, at 03:45 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...
For premium support please call: 800-290-4726 more ways to reach us
The team rejected several proposed names, including "Honest Rick’s Used Cars" and "Sharp Motors" before choosing CarMax. [2] Co-founded by Sharp in 1993, CarMax grew to $12.5 billion in annual sales at approximately 135 locations by 2013. [2] Sharp hired Thomas J. Folliard as one of CarMax's first employees.
For premium support please call: 800-290-4726 more ways to reach us
With production halts and increased waiting on new car delivery, it is not surprising to see used vehicle retailers like CarMax, Inc. (NYSE: KMX)do well, as their stock significantly outperformed ...