CarMax, Inc.

CarMax, Inc. is the largest used vehicle retailer in the United States, headquartered in Richmond, Virginia. Its mission is "To drive integrity by being honest & transparent in every interaction," aiming to transform the car-buying experience.

The company's core business involves the retail sale of used vehicles, complemented by wholesale vehicle auctions and financing solutions through CarMax Auto Finance (CAF). CarMax offers extended protection plans, known as MaxCare, and provides reconditioning and vehicle repair services. A key differentiator is its no-haggle pricing policy, which aims to provide transparency and a customer-friendly sales process.

Keith Barr was appointed President and Chief Executive Officer of CarMax, effective March 16, 2026. CarMax maintains its market position as the nation's leading used-car retailer by emphasizing transparency, simplicity, and customer control through its omnichannel platform, which integrates online and in-store purchasing options. The company continues to focus on enhancing digital capabilities and leveraging AI-driven personalization to improve customer engagement and optimize its operations. Recent activities include reporting its First Quarter Fiscal 2027 results on June 17, 2026, and insider stock purchases by board members.