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CarMax logo — The way it should be.

CarMax

The way it should be.

Founded 1993 United States Richmond, United States 16425 employees Post Ipo Equity Total: $98.19M Retail

General Information

Company Name CarMax
Founded Year 1993
Location United States Richmond, United States +1
Employees 16425
Industries Retail
Funding Stage Post Ipo Equity
Social

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About CarMax

CarMax is a disruptive player in the retail industry, redefining the car buying experience with a focus on honesty, transparency, and integrity, epitomized by their slogan "The way it should be." Established in 1993, CarMax has grown to be the nation’s largest used car retailer, boasting over 240 stores nationwide. A standout element of the company is its dedicated team of 30,000 associates who have contributed to the organization being recognized as one of the FORTUNE 100 Best Companies to Work For® for 20 consecutive years, emphasizing its commitment to a positive workplace culture. The company's commitment to integrity and transparency is reflected in its hiring practices and support, showcasing an unwavering dedication to associate career development. They were awarded the prestigious Training Magazine’s "Apex Awards", further reinforcing their investment in their workforce. CarMax's devotion to diversity and support for veterans is underscored by their recognition on the Forbes Best Workplaces for Diversity list. In June 2021, CarMax secured a substantial $98.19M Post-IPO Equity investment, consolidating their position in the market and paving the way for further expansion. The absence of disclosed investors in this latest round suggests a potentially strategic move or an internal investment, aligning with their commitment to autonomy and innovation. With its customer-centric approach and record of sustainable growth, CarMax stands as a promising option for venture capitalists seeking a foothold in the retail and automotive industry.

Taxonomy: used car retailer, auto industry, transparent car buying experience, employee training and growth, integrity, diversity, cultural values, online car platform, workplace culture, Fortune 100 company, veteran-friendly employer, disruptive innovation, nationwide presence

Funding Rounds & Investors (1)

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Funding Stage Amount Investors Lead Investors Date
Post-IPO Equity •••••• - 08 Jun 2021

Latest News

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CarMax shares fall after used car retailer reports earnings beats, CEO details turnaround plan — Cnbc
CarMax shares fall after used car retailer reports earnings beats, CEO details turnaround plan
Cnbc Jun 17, 2026

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FAQ About CarMax

The way it should be.
CarMax was founded in 1993.
CarMax is headquartered in Richmond, United States.
CarMax operates in the following industries: Retail.
CarMax has approximately 16425 employees.
CarMax has completed 1 funding round, raising a total of $98.19M. The latest funding stage is Post Ipo Equity.
Top alternatives and competitors to CarMax include Bisnar Chase Personal Injury Attorneys, LLP, GSM Consulting, Award Solutions, All About Water - Ecowater Systems, Zeigler Automotive Group. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
CarMax and Bisnar Chase Personal Injury Attorneys, LLP are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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