What is CarMax used for?
CarMax, Inc. United States. It operates two business segments: CarMax Sales Operations and CarMax Auto Finance. The company began as a side business of Circuit City Corporation, Inc. September 1993 in Richmond, Virginia. Carmax is a public company headquartered in Virginia with an estimated 30,621 employees. In the US, the company has a notable market share in at least two industries: Used Car Dealers, Online Car Dealers and Online Car Dealers.Number of CarMax dealers in the United States in 2025 There are 259 CarMax dealers in the United States as of October 15, 2025. The state and territory with the most number of CarMax locations in the US is California, with 34 dealers, which is about 13% of all CarMax dealers in the US.CarMax salaries can vary greatly by role, ranging from $36,841 per year (or $18 per hour) for Detailer to $156,575 per year (or $75 per hour) for Senior Software Engineer. This is based on 11665 salaries submitted on Glassdoor by CarMax employees as of November 2025.
How does CarMax work?
At CarMax, our upfront prices are the same whether you want to buy online or at your nearest CarMax store. If you prefer to shop at the store, you can still do some prep from home, like getting pre-qualified for financing or getting an offer for your car online. Can you sell a leased car to CarMax*? Yes, in fact, we highly recommend it. According to the company, you can sell your leased vehicle to CarMax in almost the same way as any other financed car. It will appraise the car or truck, then contact the leasing company for a payoff quote and process any equity you might have.Do I have to sell my car at the same CarMax location that gave me an offer? No, you may sell your car at any CarMax store within 7 days of getting your offer. If you got your offer more than 7 days ago, we’ll re-appraise your car and give you an updated offer.
Who owns CarMax?
CarMax (KMX) Ownership Overview The ownership structure of CarMax (KMX) stock is a mix of institutional, retail, and individual investors. Approximately 31. Institutional Investors, 0. Insiders, and 24. Public Companies and Individual Investors. CarMax (KMX) has been analyzed by 11 analysts, with a consensus rating of Buy. Strong Buy, 27% recommend Buy, 55% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.Yes, CarMax is generally considered a good option for used car buyers who prioritize a no-haggle, transparent, and low-pressure experience with a wide selection and strong return policy, even if prices might be slightly higher than some alternatives.
What are the weaknesses of CarMax?
With over 250 stores across the U. S. CarMax has built a trusted name in the used-car industry. However, it faces challenges such as a capital-heavy inventory model, margin pressures, and technological gaps in customer-facing tools. CarMax, Inc. United States. It operates two business segments: CarMax Sales Operations and CarMax Auto Finance. The company began as a side business of Circuit City Corporation, Inc. September 1993 in Richmond, Virginia.Our finance sources accommodate most credit profiles, and every CarMax customer will enjoy the same upfront pricing and exceptional customer service, in the store and online.Every car we sell is CarMax Certified, which means no flood or frame damage and no salvage history. Each car undergoes a detailed 125+ point checklist by our trained technicians, and we’ll repair, replace, or detail anything necessary to meet our standards.