🠈  CarMax  🠊

CarMax is seeking to create a nationwide car dealership. The company was created by executives at Circuit City who sought ways to branch out of the electronics market which has notoriously tight margins. Being a nationwide shop, the company is able to run ads on national television networks.

The first CarMax store opened near Richmond, Virginia in 1993. The company crossed the 100 dealership mark in 2009 and were up to 128 dealerships when I wrote this blurb in 2014.

CarMax is headquartered in Richmond, Va. The company trades on the NYSE with the symbol: KMX.

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