CarMax : Grand Opens In Bristol

Company Celebrates with Contributions to Two Local Nonprofits

RICHMOND, Virginia (August 18, 2016) - CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, is celebrating the grand opening of its eighth store in Tennessee. The new store is located at 449 Pinnacle Parkway and has an inventory of more than 140 used cars across nearly every make and model.

In celebration of the Bristol store opening, CarMax donated $2,500 to the Southwest Virginia 4-H Educational Center in Abingdon, Virginia. This donation will help support the center's mission to provide hands-on, experiential learning programs at a low cost for area youth.

The CarMax Foundation also provided a $5,000 grant to the Second Harvest Food Bank in Maryville, Tennessee, to help fund the Food for Kids Backpack Program. This program works with local schools to provide healthy, easily prepared food to some of the most vulnerable children in the community. Bristol CarMax associates recommended both nonprofits to receive these donations.

'CarMax has a long-standing tradition of supporting the communities where our associates live and work,' said Mike Owens, location general manager of CarMax in Bristol. 'We are excited to be able to support the community in addition to bringing the unique CarMax experience to Bristol.'

CarMax was founded more than 20 years ago to fundamentally change the way car buying is done. 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 nearly 50,000 vehicles nationwide. In addition, we stand behind our vehicles with a 5-Day Money-Back Guarantee and a 30-Day Limited Warranty (60-Day in CT, MN & RI, 90-Day in MA, NY and NJ).

About CarMax
CarMax is the nation's largest retailer of used cars and operates more than 160 stores in 37 states nationwide. CarMax revolutionized the auto industry by delivering the honest, transparent and high-integrity car buying experience customers want and deserve. For more than 20 years, CarMax has made car buying more ethical, fair and stress-free by offering a no-haggle, no-hassle experience and an incredible selection of vehicles. CarMax makes selling your car easy too, by offering no-obligation appraisals good for seven days. At CarMax, we'll buy your car even if you don't buy ours®. CarMax has more than 22,000 associates nationwide and for 12 consecutive years has been named as one of the FORTUNE 100 Best Companies to Work For®. During the 12 months ending February 29, 2016, the company retailed 619,936 used cars and sold 394,437 wholesale vehicles at its in-store auctions. For more information, access the CarMax website at www.carmax.com.

Media Contact
Beth Singer, CarMax Public Relations, (804) 747-0422 ext. 3447pr@carmax.com ● @CarMax ● facebook.com/CarMax