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Latest CarMax Press Releases

October 29, 2014
CarMax Grand Opens in Reno
Announces $30,000 in Contributions to Local Nonprofit RICHMOND, Virginia (October 29, 2014) – CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, today celebrated its first store in Reno, Nevada. The store, located at 35 Auto Center Drive, is the company’s third store in Nevada. During a grand opening celebration, CarMax announced that The CarMax Foundation will invest $20,000 toward providing the Boys & Girls Club of Truckee Meadows with an Imagination Playground. Imagi...
October 22, 2014
CarMax Board Increases Share Repurchase Authorization by $2 Billion
RICHMOND, Va.--(BUSINESS WIRE)--Oct. 22, 2014-- CarMax, Inc. (NYSE: KMX) today announced that its Board of Directors has approved a $2 billion expansion of the company’s share repurchase program, for an aggregate share repurchase authorization of $3.8 billion since the initial announcement of the program in October 2012. As of August 31, 2014, the company had made $893 million of repurchases under the program. The expanded authorization is effective imme...
October 09, 2014
CarMax Opens First Store In Tupelo, Mississippi
Company Celebrates by Donating to the Local Community RICHMOND, Virginia (October 9, 2014) – CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, officially opened its first store in Tupelo, Mississippi located at 3147 Tom Watson Drive. The store is more than 8,000-square-feet, occupies more than 5 acres and stocks more than 100 used vehicles. To celebrate the Tupelo store opening, CarMax is donating $2,500 to The Family Resource Center. This nonprofi...
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