RICHMOND, Va.--(BUSINESS WIRE)--Jan. 19, 2012--
CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used
cars, has been named by FORTUNE magazine as one of its 2012 “100
Best Companies to Work For.” This is the eighth consecutive year CarMax
has been named to the list. CarMax ranks No. 91 on the list for 2012.
The list and related stories will appear in the February issue of
FORTUNE, available on newsstands January 23, 2012 and now at www.fortune.com/bestcompanies.
“This recognition is a testament to our talented associates,” said Tom
Folliard, president and chief executive officer of CarMax. “Their
innovation and dedication is what continues to move our company forward
and creates a workplace where we feel inspired to do our very best each
The company continues to move forward with its growth plan, having
announced expected openings for 10 new stores for fiscal year 2013,
including new cities such as Lancaster, Pa., Naples, Fla., and Denver,
Colo. The company has stated that it will open between 10 and 15 stores
per year through fiscal year 2016.
Consumers can search thousands of quality used cars on carmax.com
or visit their local CarMax store to browse a large selection of
vehicles. Each vehicle is reconditioned, goes through more than a
125-point quality inspection and comes with a free online Vehicle
History Report. Consumers can search vehicles from 30 top brands by fuel
economy and features, read
customer reviews, review reliability ratings by J.D. Power and
Associates and obtain safety ratings by the National Highway Traffic
Safety Administration, all on carmax.com.
All vehicles come with a 30-day limited warranty (60-day in Conn. and
90-day in Mass.) and a five-day, money-back guarantee.
To pick the 100 Best Companies, FORTUNE partners with the Great Place to
Work Institute to conduct the most extensive employee survey in
corporate America; 280 companies participated in this year's survey.
Two-thirds of a company's score is based on the results of a random
sample of employees from each company. The survey asks questions related
to their attitudes about management’s credibility, job satisfaction, and
camaraderie. The other third is based on responses to the institute’s
Culture Audit, which includes detailed questions about pay and benefit
programs and a series of open-ended questions about hiring practices,
internal communication, training, recognition programs, and diversity
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.
Elia C. Imler,
CarMax Public Relations, (804) 747-0422 ext.4029
Britt D. Farrar,
Manager, Public Relations, (804) 747-0422 ext.3473
Twitter ID: @CarMax