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|CarMax Named to Training Magazine's Top 125|
RICHMOND, Va., Feb 14, 2012 (BUSINESS WIRE) --CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, has been named for the fifth straight year to Training magazine's Training Top 125. CarMax moved up four spots to No. 28 this year.
Training magazine, the leading business publication for learning and development professionals, annually selects 125 organizations that excel at associate development. These companies are chosen based on criteria such as best training practices, evaluation methods and outstanding training initiatives.
"This honor recognizes the team who creates and facilitates the training, as well as all of the managers, mentors, and subject matter experts who contribute and support our company training programs," said Tom Folliard, president and chief executive officer of CarMax. "As we grow as a company, associate development is a top priority at every level."
During the past year, the company has launched and expanded major training and assessment initiatives. Among the most recent to be introduced is Talent Tree, CarMax's new talent management system. It enables the company to highlight development companywide, centralize performance data, and better prepare for succession planning.
On average, each CarMax associate completes more than 70 hours of training per year. Through KMX University, CarMax's learning management system, associates can view position development plans, launch online courses, register for classroom training, print self-paced training workbooks, take exams that automatically register course completions, add self-reported training, and review their own personal training histories.
CarMax, a member of the FORTUNE 500 and the S&P 500, and one of the FORTUNE 2012 "100 Best Companies to Work For," is the nation's largest retailer of used cars. Headquartered in Richmond, Va., CarMax currently operates 107 used car superstores in 52 markets. The CarMax consumer offer is structured around four customer benefits: low, no-haggle prices; a broad selection; high quality vehicles; and customer-friendly service. During the twelve months ended February 28, 2011, the company retailed 396,181 used cars and sold 263,061 wholesale vehicles at our in-store auctions. For more information, access the CarMax website at www.carmax.com.
SOURCE: CarMax, Inc.