CarMax Celebrates A Decade As One Of FORTUNE Magazine’s

For 10 years in a row, CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, has been named by FORTUNE magazine as one of its “100 Best Companies to Work For.” CarMax ranks No. 54 for 2014.

The growing company is hiring for more than 1,400 positions across the country in all business areas including sales, purchasing, business office and service operations, and has plans to open between 10 and 15 stores each year for the next two fiscal years. Interested candidates can visit the CarMax careers page to apply and view videos from associates on why CarMax is a great place to work.

“We are a young company, recently celebrating our 20 th birthday, and our culture of integrity, diversity and respect has been in place since day one,” said Tom Folliard, CarMax president and chief executive officer. “CarMax associates have the opportunity to build fulfilling careers, with strong personal and professional development and a sense of family. A decade on this list is a testament to that.”

CarMax has opened 11 stores in the current fiscal year, with two more scheduled. The unique CarMax experience continues to be introduced throughout the country in areas including Savannah, Ga,, St. Louis, Mo., and the Delaware Valley. CarMax’s first store of the upcoming fiscal year will open in March in Rochester, its first store in the state of New York.

CarMax starts with selecting the best cars that meet its high retail standards. Every used car the company retails is CarMax Quality Certified, undergoing a rigorous 125-point inspection, and is protected by a 30-Day Limited Warranty and a 5-Day Money-Back Guarantee. Consumers can search the inventory of more than 35,000 vehicles by fuel economy and features, read customer reviews, and view a free vehicle history report, all on carmax.com.

Related stories will appear in the new issue of FORTUNE available on newsstands January 20; the complete list is available today online.

To pick the 100 Best Companies to Work For, FORTUNE partners with the Great Place to Work Institute to conduct the most extensive employee survey in corporate America; 257 firms participated in this year's survey. More than 252,000 employees at those companies were surveyed by the institute, a global research and consulting firm operating in 45 countries around the world. Two-thirds of a company's score is based on the results of the institute's Trust Index survey, which is sent to a random sample of employees from each company. The survey asks questions related to their attitudes about management's credibility, job satisfaction, and camaraderie. The other third is based on responses to the institute's Culture Audit, which includes detailed questions about pay and benefit programs and a series of open-ended questions about hiring practices, methods of internal communication, training, recognition programs, and diversity efforts.

About CarMax

CarMax, a member of the FORTUNE 500 and the S&P 500, and one of the FORTUNE 2014 “100 Best Companies to Work For,” is the nation’s largest retailer of used cars. Headquartered in Richmond, Va., CarMax currently operates 129 used car superstores in 64 markets. The consumer offer features low, no haggle prices, a broad selection of CarMax Quality Certified used cars, and superior customer service. During the 12 months ending February 28, 2013, the company retailed 447,728 used cars and sold 324,779 wholesale vehicles at our in-store auctions. For more information, access the CarMax website at www.carmax.com.

Copyright Business Wire 2010

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