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CarMax store in Raleigh, North Carolina. ... CarMax sold over 750,000 vehicles to consumers in Fiscal Year 2021 (March 1, 2020–February 28, 2021). [2]
CarMax auto superstore in Raleigh, North Carolina. CarMax is a used car auto superstore concept developed in 1991 at Circuit City by Austin Ligon, then Circuit City's Senior VP of Planning, and Rick Sharp, then Circuit City CEO. The goal of CarMax was to revolutionize used car retailing through a combination of large selection (400+ used cars ...
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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In 1998, CarMax brought a lawsuit against Republic for copyright and trademark infringement. [14] CarMax received a $50 million jury award in its lawsuit, but it was overturned on appeal in 1998. [10] In April 1998, competitor Drivers' Mart was purchased for $40 million.
An aerial view of people standing near destroyed and damaged buildings in the aftermath of Hurricane Helene flooding on Oct. 8, 2024, in Bat Cave, North Carolina. / Credit: Getty Images
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