CARMAX, INC. | CarMax Grand Opens In Brooklyn Park |
Announces $100,000 in charitable donations to Brooklyn Park area nonprofits RICHMOND, Va. (March 11, 2015) - CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, today celebrated the opening of its first location in Brooklyn Park, which is the company's first store in Minnesota. CarMax's Brooklyn Park store is now open at 6900 Lakeland Avenue North. The store will stock more than 250 used vehicles of nearly every make and model. During today's grand opening celebration, CarMax announced that The CarMax Foundation will invest approximately $85,000 into building a community playground in partnership with the Boys & Girls Clubs of the Twin Cities and KaBOOM!, the national nonprofit dedicated to bringing balanced and active play into the daily lives of all kids. One of 30 playgrounds The CarMax Foundation and KaBOOM! are building nationwide as part of a larger $4.1 million national partnership, this playground at the Mount Airy Club will help give children in and around the area the joyful, play-filled childhood they deserve. "Our commitment to our local communities is rooted in CarMax's culture," said Tom Folliard, president and CEO of CarMax. "We are excited to build strong relationships with nonprofits in Minnesota that are making a positive impact on children and families." The CarMax Foundation also announced a $10,000 grant to the Boys & Girls Clubs of the Twin Cities that will go toward the Keystone Club program, a leadership development program for teens that focuses on education, career preparation and community service. This grant came at the recommendation of local CarMax associates. The CarMax Foundation has granted more than $20 million on behalf of associates across the country since 2003. "We are thrilled to open our doors and offer Brooklyn Park an unforgettable experience when they come to see us," said David Peach, location general manager of the CarMax Brooklyn Park store. "I am positive that our customers will be amazed by all that CarMax has to offer." CarMax was founded more than 20 years ago to fundamentally change the way car buying is done. We make the process more ethical, fair and transparent by offering a no-haggle, no-hassle experience and an incredible selection of CarMax Quality Certified vehicles. We spend an average of 12 hours putting each vehicle through a rigorous inspection and reconditioning process to meet our standards. In addition, we stand behind our vehicles with a 5-Day Money-Back Guarantee and a Limited 30-Day Warranty. CarMax customers can shop for nearly every make and model at our stores or online at carmax.com, with prices clearly listed for each of our more than 35,000 vehicles nationwide. CarMax also takes the hassle out of selling your car by offering fast, commitment free appraisals - we'll buy your car, even if you don't buy ours. Shopping at CarMax is truly the way car buying should be. CarMax is sharing photos and videos from today's event on the company Facebook page and through Twitter. About CarMax CarMax, a member of the FORTUNE 500 and the S&P 500, and one of the FORTUNE "100 Best Companies to Work For" for 11 consecutive years, is the nation's largest retailer of used vehicles. Headquartered in Richmond, Virginia, CarMax currently operates 145 superstores in 74 markets. The CarMax consumer offer features low, no-haggle prices, a broad selection of CarMax Quality Certified used vehicles, and superior customer service. During the 12 months ending February 28, 2014, the company retailed 526,929 used cars and sold 342,576 wholesale vehicles at our in-store auctions. For more information, access the CarMax website at www.carmax.com. Media Contacts
Michelle Ellwood, CarMax Public Relations |
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