CarMax

CarMax's U-turn: A return to Web leads

12:01 am U.S. ET | Oct. 20, 2014
Used-car powerhouse CarMax has begun posting vehicle inventory again on AutoTrader.com and Cars.com after a 16-month hiatus. The shift underscores the challenge that new-car leader AutoNation faces in its effort to rely less on third-party lead sites....
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CarMax reports double-digit increases in Q2 revenue, profit

8:19 am U.S. ET | Sept. 23, 2014
CarMax Inc., the largest U.S. used-car retailer, reported a 11 percent rise in quarterly revenue as easier availability of credit boosted car sales....
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CarMax recruiting for more than 1,000 jobs

6:33 pm U.S. ET | Sept. 3, 2014
CarMax said it is recruiting for more than 1,000 positions to fill across the country. The used-car retailer said in a statement Wednesday it is offering full- and part-time permanent positions....
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Consumer groups seek CarMax probe over 'deceptive' ads

4:01 pm U.S. ET | June 24, 2014
Car-safety groups and a U.S. senator asked the Federal Trade Commission today to investigate CarMax for claims that it inspects its used cars even though it does not fix recalled vehicles. The petition also seeks to block CarMax sales of unrepaired recalled cars....
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CarMax fiscal Q1 earnings rise 16%

3:20 pm U.S. ET | June 20, 2014
CarMax's net earnings rose 16 percent to $169.7 million in its first fiscal quarter, from the year-earlier period, on higher retail and wholesale unit sales and income from its captive finance unit....
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Top seller CarMax watches as rivals circle

12:01 am U.S. ET | May 26, 2014
CarMax Inc. is the 400-pound gorilla of the used-car market. Now Sonic and Asbury Automotive Group Inc. are on track to open stand-alone used-car stores this year. CarMax is watching, but not all that worried....
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NBA ban on Clippers owner clears path for sponsors Kia, M-B, CarMax to return

6:00 pm U.S. ET | April 29, 2014
With Los Angeles Clippers owner Donald Sterling banned for life from the NBA for making racially insensitive comments, the door appears open for corporate sponsors such as Kia Motors America and CarMax to one day return to the team....
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Kia, M-B dealers and CarMax pull plug on L.A. Clippers sponsorships

2:15 pm U.S. ET | April 28, 2014
Kia Motors America, Mercedes-Benz dealers and CarMax are among corporate sponsors abandoning the suddenly toxic Los Angeles Clippers of the National Basketball Association following racist remarks allegedly made by the team's billionaire owner, Donald Sterling....
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CarMax is gearing up for store growth

12:01 am U.S. ET | April 26, 2014
The nation's largest used-vehicle retailer opened two used-car stores in March and plans to open 28 to 43 more by the end of February 2017. The fiscal year that ended Feb. 28 marked the first time the company's annual sales exceeded 500,000 vehicles. "We're in full swing now," says CarMax CEO Tom Folliard....
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CarMax's third-quarter profits rise on higher used-car volume, financing

12:00 pm U.S. ET | Dec. 20, 2013
CarMax's third-quarter net profits rose on increased used-car sales and higher income at its captive finance company. The nation's largest used-car retailer today reported net income rose 12 percent to $106.5 million in the quarter ending Nov. 30 from $94.7 million a year earlier....
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Sonic's goal: End CarMax dominance

12:01 am U.S. ET | Oct. 28, 2013
CarMax Inc. stands alone -- in size, scope and focus -- as a national used-vehicle dealership retailer. Now Sonic Automotive Inc. wants to share that space....
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Special Report
How #1 store scores with employees

How #1 store scores with employees

Texas dealer Greg May encourages staffers to provide input and solve problems on their own. Mon., October 20
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