CARMAX INC

CarMax, Inc. operates as a retailer of used vehicles and operates wholesale vehicle auctions in the United States. The company operates through two main business segments: CarMax Sales Operations and CarMax Auto Finance. CarMax Sales Operations buys and sells used vehicles at fixed, no-haggle prices, provides vehicle repair services, and sells extended protection plans including extended service contracts and guaranteed asset protection. CarMax Auto Finance provides direct financing services solely to retail customers purchasing CarMax vehicles, while the company also facilitates financing arrangements through third-party financial institutions. Through wholesale vehicle auctions, the company disposes of appraisal acquisitions that do not meet retail quality standards. CarMax serves retail consumers purchasing or selling vehicles as well as licensed automobile dealers.

The company conducts its operations across the United States, operating 256 used car stores across 110 television markets. In addition to in-store facilities, it provides omni-channel retail services through mobile applications and digital platforms. The company maintains its corporate headquarters in Richmond, Virginia.

Summary of the business section of Carmax's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

“We had 23,888 hourly and salaried associates, as well as 2,915 in-store sales associates, 879 sales associates in our CECs and 114 Edmunds sales associates.”