CarMax : Opens in Pensacola, Florida

Company announces contributions to local school

RICHMOND, Virginia - (June 1, 2017) - CarMax, Inc . (NYSE: KMX), the nation's largest retailer of used cars , today celebrated the grand opening of its 17 store in Florida, located at 6450 Pensacola Boulevard in Pensacola. The Pensacola CarMax has the capacity to stock approximately 140 used vehicles of nearly every make and model. CarMax customers can also request transfers to Pensacola of almost any vehicle from other CarMax locations throughout the country.

In celebration of the Pensacola store opening, CarMax, Inc. and The CarMax Foundation awarded $8,000 in donations and grants to Blue Angels Elementary School. The school is closely located to Naval Air Station Pensacola and approximately 31 percent of students are from military families. The contributions will help fund after-school tutoring, enrichment programs and a special multi-sensory room.

'CarMax associates are passionate about providing support to our military service members, veterans and their families,' said Tom McDonough, location general manager of the CarMax in Pensacola. 'We are looking forward to more opportunities to volunteer and give back locally and are pleased to bring the easy, no-haggle CarMax experience to Pensacola.'

The CarMax Foundation also donated a Rigamajig to Blue Angels Elementary School through its partnership with KaBOOM! focused on making play more accessible to children of veterans and military families. Rigamajigs are building kits that engage kids in creative play that is physically challenging and collaborative. The CarMax Foundation has granted more than $36 million on behalf of associates across the country since 2003.

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 175 stores in 39 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 24,000 associates nationwide. During the 12 months ending February 28, 2017, the company retailed 671,294 used cars and sold 391,686 wholesale vehicles at its in-store auctions. For more information, access the CarMax website at www.carmax.com .

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