GLEN ALLEN, Va. - Before the close of its 2002 fiscal year on Feb. 28, CarMax Group opened two used-car stores.
On Feb. 25, it opened a satellite superstore in Merrillville, Ind., near Chicago. It opened a standard-sized store in Greensboro, N.C., on Feb. 26.
Circuit City, which owns CarMax, said in February that it is spinning off the auto retail business by late summer. CarMax operates 35 used-car superstores and 18 new-car franchises in 38 locations.