CarMax Inc - Company Profile
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CarMax Inc (CarMax), is a wholesale vehicle auctioneer and retailer of used vehicles. The main activities of the company are to offer an assortment of automotive merchandise and services. The company purchases and sells used vehicles and auto parts. It also offers services such as automotive repair and maintenance services; automotive finance services; and reconditioning services to its used car consumers, including certified quality inspection of the engine and major systems, such as electronics, brakes, cooling, fuel, transmission, suspension, and steering. The company in association with third parties offers the purchase financing of used vehicles. CarMax is headquartered in Richmond, Virginia, the US.
CarMax Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Used Cars | Inspection and Repair | CarMax |
| Automotive Merchandise | Extended Protection Plans | |
| Auto-parts | Credit and Finance Options | |
| XYZ | ||
| XYZ | ||
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Corporate Changes/Expansions | In November, the company opened its first store at 6360 South Dixieland Road in Rogers, Arkansas, the US. |
| 2025 | New Products/Services | In April, the company launched new findings on consumer trends in used electric vehicle shopping. |
| 2025 | Contracts/Agreements | In March, the company and Wavecrest partnered with Carpool Logistics to accelerate growth, optimize operations, and expand market reach through technology and industry expertise. |
Competitor Comparison
| Key Parameters | CarMax Inc | Lowe's Companies Inc | Lithia Motors Inc | Penske Automotive Group Inc | AutoNation Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Richmond | Mooresville | Medford | Bloomfield Hills | Fort Lauderdale |
| State/Province | Virginia | North Carolina | Oregon | Michigan | Florida |
| No. of Employees | 30,048 | 161,000 | 30,000 | 27,700 | 24,800 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Keith Barr | Chief Executive Officer; Director; President | Executive Board | 2026 | - |
| Thomas J. Folliard | Chairman - Interim | Executive Board | 2025 | - |
| Enrique N. Mayor-Mora | Executive Vice President; Chief Financial Officer | Senior Management | 2022 | 56 |
| C. Joseph Wilson | Chief Operating Officer; Executive Vice President | Senior Management | 2022 | 52 |
| Diane Long Cafritz | Chief Innovation and People Officer; Executive Vice President | Senior Management | 2024 | 54 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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