About CarMax
CarMax is a company based in Richmond (United States) founded in 1993.. The company has 30,050 employees as of February 28, 2024. CarMax has completed 1 acquisition, including Edmunds.com. CarMax offers products and services including Used Cars and Vehicle Financing.
- Headquarter Richmond, United States
- Employees 30050 as on 28 Feb, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Carmax Inc
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Annual Revenue
$26.35 B-0.69as on Feb 28, 2024
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Net Profit
$500.56 M4.46as on Feb 28, 2024
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EBITDA
$167.28 M8.55as on Feb 28, 2024
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Latest Funding Round
$1 B (USD), Debt – Conventional
Feb 01, 2014
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Investors
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Employee Count
30050
as on Feb 28, 2024
- Investments & Acquisitions
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IPO & Listings of CarMax
CarMax is a publicly listed company on the NYSE with ticker symbol KMX in USA, operating in the Retail trade sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of CarMax
CarMax offers a comprehensive portfolio of products and services, including Used Cars and Vehicle Financing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Used cars and SUVs are sold for personal and commercial uses
Financing and trade services are provided for vehicle transactions
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Software Development Team
144 people
Operations Team
44 people
Leadership Team
36 people
Senior Team
34 people
Location Team
26 people
Sales and Marketing
24 people
Manager Team
20 people
Data Analysis and Operations Team
16 people
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Funding Insights of CarMax
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $1.0B
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First Round
First Round
(01 Feb 2014)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2014 | Amount | Debt – Conventional - CarMax | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by CarMax
CarMax has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Edmunds.com. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Multi-category used vehicles are listed and compared online for consumers.
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1966 |
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|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - CarMax
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Carmax Comparisons
Competitors of CarMax
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Carmax
Frequently Asked Questions about CarMax
When was CarMax founded?
CarMax was founded in 1993 and raised its 1st funding round 21 years after it was founded.
Where is CarMax located?
CarMax is headquartered in Richmond, United States. It is registered at Richmond, Virginia, United States.
Who is the current CEO of CarMax?
William D. Nash is the current CEO of CarMax.
How many employees does CarMax have?
As of Feb 28, 2024, the latest employee count at CarMax is 30,050.
What is the annual revenue of CarMax?
Annual revenue of CarMax is $26.35B as on Feb 28, 2024.
What does CarMax do?
CarMax was founded in 1993 in Richmond, United States, within the automotive retail sector. Used vehicles are bought and sold by the company, alongside extended protection plans, financing arrangements, reconditioning processes, repair services, and accessories. Operations span various locations across the United States. In 2022, revenues of 33.19 billion were achieved, accompanied by a net profit of 1.15 billion.
What products or services does CarMax offer?
CarMax offers Used Cars and Vehicle Financing.
Is CarMax publicly traded?
Yes, CarMax is publicly traded on NYSE under the ticker symbol KMX.
How many acquisitions has CarMax made?
CarMax has made 1 acquisition, including Edmunds.com.
What is CarMax's ticker symbol?
The ticker symbol of CarMax is KMX on NYSE.
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