Where Was CarMax Founded?


Quick Answer

CarMax was founded in Richmond, Virginia in 1993. The company buys and sells used cars, as well as finances auto loans for customers. CarMax inspects and repairs the vehicles prior to selling them.

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Full Answer

CarMax promises customers a no-haggle price during the buying process. The company's main tagline is "The way car buying should be."

As of July 2015, CarMax operates 144 stores. The company was started by the founders of the now defunct Circuit City electronics store. CarMax has been named one of Fortune 500's "100 Best Companies to Work For" multiple times. Despite this positive recognition, the company has had some controversy with consumer groups that allege the company fails to fix recalled vehicles.

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