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CarMax Foundation Awards $22,500 Grant to Texas Lions Camp

RICHMOND, Va. (February 8, 2010)-CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, announced today that The CarMax Foundation has awarded the Texas Lions Camp in  Kerrville, Texas, near San Antonio, a $22,500 grant as part of the Foundation’s Regional Giving Program.


Texas Lions Camp received the funds for the Summer Camp of 2010.  Each week-long camp hosts hundreds of Texas children ages eight through 15 with type 1 diabetes, and includes workshops and activities that help them understand diabetes and how to live a productive life with the disease.  The participants have a chance to interact with peers facing similar issues and a medical team that teaches nutrition and diabetes care.


“These camps are all about education, self esteem and fun,” said Guido Merkens, Southwest Regional Giving Committee chairperson and CarMax location general manager in San Antonio.  “We enjoyed volunteering at last summer’s camp events, and we are honored to be among the supporters of this great organization.”


The CarMax Foundation’s Regional Giving Program reinforces CarMax's commitment to funding programs that improve local communities. The Regional Giving Program provides grants to qualifying nonprofit organizations that have programs focused on education and youth leadership.  CarMax associates working within each of the regions select the local organizations to recommend for grants.


About the CarMax Foundation

The CarMax Foundation’s Regional Funding Program is designed to enrich the communities where our associates live and work. The Foundation is supported by CarMax and The CarMax Foundation funding programs are made available through a percentage of CarMax, Inc.’s net income from prior years.  CarMax, a Fortune 500 company, and one of the Fortune 2010 “100 Best Companies to Work For,” is the nation’s largest retailer of used cars.  Headquartered in Richmond, Va., CarMax currently operates 100 used car superstores in 46 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, 2009, the company retailed 345,465 used vehicles and sold 194,081 wholesale vehicles at our in-store auctions. For more information on The CarMax Foundation, visit http://www.carmaxcares.com.


About Texas Lions Camp

Texas Lions Camp, located in Kerrville, Texas, is a summer camping facility dedicated to serving children from the State of Texas with physical disabilities and cancer between the ages of 7 and 16 years old, and children with Type 1 Diabetes between the ages of 8 and 15 years old. The Texas Lions Camp has served more than 61,000 children in the last 61 years and is accredited by the American Camp Association.  All children attend camp at no cost to them or their families.  For more information on Texas Lions Camp, visit http://www.lionscamp.com.




Media Contacts
Trina H. Lee, Director, Public Relations, 804- 747-0422, ext. 4197, Twitter:
Michelle T. Ellwood, Public Affairs Coordinator, 804-747-0422, ext. 4139, Twitter: @CarMaxCares

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding CarMax, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.