CarMax : Opens First Stores In Bay Area

Company Contributes More Than $140,000 to the Community

RICHMOND, Virginia (May 18, 2016) - CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, today celebrated the grand opening of its first Bay Area store in Pleasanton, located at 2750 Stoneridge Drive Two more locations, Fremont and Santa Rosa, will open this fall. The Pleasanton store will stock between 200-400 used vehicles of nearly every make and model, and has brought approximately 50 new jobs to the area.

During today's grand opening celebration, CarMax announced that The CarMax Foundation will invest approximately $95,000 for building a playground in the Bay Area. The playground is expected to be built next year through a partnership with KaBOOM!, the national nonprofit ensuring that all kids get the balance of play they need to become healthy and successful adults.

'Our commitment to our local communities is rooted in CarMax's culture,' said Bill Nash, president of CarMax. 'As CarMax expands in this region, we are especially excited to support and develop partnerships with area nonprofits that are making a positive impact in the community.'

CarMax is also investing approximately $35,000 to donate an Imagination Playground and a Rigamajig through KaBOOM!. These play products are innovative, loose-parts, playgrounds that engage kids in creative play that is physically challenging and collaborative. The Rigamajig will be donated to the Palo Alto Fisher House and CarMax is currently identifying an organization to receive the Imagination Playground. The associates of the Pleasanton CarMax chose the YMCA of East Bay to receive a $10,000 grant from The CarMax Foundation.

'The Pleasanton community has been very welcoming to CarMax,' said Joel Merrier, location general manager of the Pleasanton CarMax. 'We are excited to be able to support the community in addition to bringing the unique CarMax experience to the Bay Area.'

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. In addition, we stand behind our vehicles with a 5-Day Money-Back Guarantee and a Limited 30-Day Warranty (60-Day in CT, MN & RI, 90-Day in MA, NY and NJ). 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. 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. The CarMax Foundation has granted more than $30 million on behalf of associates across the country since 2003.

CarMax is sharing photos 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 on the FORTUNE 100 Best Companies to Work For® list for 12 consecutive years, is the nation's largest retailer of used vehicles. Headquartered in Richmond, Virginia, CarMax currently operates 160 superstores in 80 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 29, 2016, the company retailed 619,936 used cars and sold 394,437 wholesale vehicles at our in-store auctions. For more information, access the CarMax website at www.carmax.com.

Media Contacts
Beth Singer, CarMax Public Relations, pr@carmax.com
Twitter: @CarMax, Facebook: facebook.com/CarMax