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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 January 2025, CarMax operates 253 locations. [3]
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Throughout that year Carvana sold 244,111 vehicles and posted annual revenue of $5.587 billion, making it the second largest online used-car retailer in the U.S. [15] As of November 2023, Carvana's as-soon-as-next-day delivery was available in 300+ markets nationwide. [16]
GPI, headquartered in Raleigh, North Carolina, has seen a significant rise in personnel since being acquired by Advance. [19] On September 30, 2015, Starboard Value LP, an activist investment firm disclosed they had taken a 3.7 percent stake in Advance Auto Parts. [20] On January 2, 2016, Darren Jackson resigned his position as CEO. [21]
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