Monday, 26 February 2018 23:13
CarMax, Inc. celebrated the grand opening of its 4th store location in the Denver area, located at 16500 W. Colfax Avenue in Golden, Colo. The Golden location has the capacity to stock approximately 200 used vehicles.In celebration of the Golden store opening, CarMax and The CarMax Foundation awarded $7,500 in donations and grants to the Jefferson County Boys & Girls Club. The donation for this organization came at the recommendation of the Golden CarMax associates.
Published in Latest News
Monday, 26 February 2018 01:01
CarMax, Inc. announced plans to provide one-time bonuses to most hourly and commissioned full- and part-time associates as a result of the recently passed Tax Cuts and Jobs Act of 2017. Bonus amounts will vary from $200 up to $1,500 based on length of service with the company.About 80 percent of associates will receive the bonus, which will be distributed in March.
Monday, 19 February 2018 02:43
CarMax Inc. celebrated the grand opening of its first store in New Hampshire, located at 300 Keller Street in Manchester. With the opening of this store, CarMax now has a total of 187 stores across 41 states nationwide. The Manchester location has the capacity to stock approximately 240 used vehicles of nearly every make and model and CarMax customers can also request transfers of almost any vehicle to this store from other CarMax locations throughout the country. In celebration of the Manchester store opening, CarMax and The CarMax Foundation awarded $7,500 in donations and grants to The Granite YMCA. Support for this organization came at the recommendation of the Manchester CarMax associates.
Friday, 16 February 2018 14:06
For 14 consecutive years, CarMax Inc. has been named by Fortune magazine as one of its 100 Best Companies to Work For. This year, CarMax ranks No. 34.CarMax is now offering four weeks of paid parental leave for hourly and salaried full-time associates following the birth or adoption of a child. This parental leave applies to both non-birth and birth parents. Birth mothers are eligible to add the four weeks of paid parental leave at the end of their approved six to eight weeks of paid medical leave.Additionally, CarMax associates will enjoy the enhanced benefit of additional vacation time based on length of service. The company will continue to look for opportunities to provide pay and benefits for associates in the areas that are important to them.
Monday, 05 February 2018 21:38
CarMax Inc. announced that its board of directors has elected Peter Bensen and Robert Hombach to membership on the board effective April 1. Bensen and Hombach will both serve on the Audit Committee.Bensen retired from McDonald’s Corporation in 2016 as its chief administrative officer. During his 20-year tenure he held various leadership positions including executive vice president and chief financial officer. Before joining McDonald’s in 1996, Bensen was a senior manager at Ernst & Young LLP.Hombach is the retired executive vice president, chief financial officer and chief operations officer of Baxalta, a biopharmaceutical company spun off from its parent, Baxter, in 2015. Hombach began his career at Baxter, a global healthcare company, in 1989 and served in several roles there, including chief financial officer and treasurer.
Thursday, 21 December 2017 20:13
CarMax Inc. reported net sales and operating revenues increased 11 percent to $4.11 billion in the quarter ending Nov. 30.Used unit sales in comparable stores increased 2.7 percent.Total used unit sales rose 8.2 percent.Total wholesale unit sales increased 9.1 percent.CarMax Auto Finance (CAF) income increased 15.1 percent to $102.8 million.Net earnings increased 8.9 percent to $148.8 million.
Tuesday, 28 November 2017 23:50
CarMax Inc. is expanding its commercial relationship with RepairPal, a provider of auto service and repair via a network of RepairPal Certified shops. Additionally, CarMax has made a minority investment of $5 million as the lead in a new round of financing for RepairPal. Through this partnership, CarMax will provide its customers access to the RepairPal Certified shop network resulting in additional trusted, quality and fair-priced service and repair locations. This investment follows several months of successfully partnering with RepairPal to offer Los Angeles customers the convenience of more service options.
Tuesday, 21 November 2017 23:47
CarMax Inc. celebrated the grand opening of the company’s third store in the Seattle market. The store is located at 3751 E. Valley Rd. in Renton and has the capacity to stock approximately 300 used vehicles.In celebration of the Renton store grand opening, CarMax and The CarMax Foundation awarded $15,000 in donations and grants to the Boys & Girls Clubs of King County. Support for this organization came at the recommendation of the Renton CarMax associates.CarMax will also be donating an Imagination Playground valued at more than $15,000 to the South Park Community Center, through its partnership with Kaboom to make play more accessible to children and families.
Sunday, 05 November 2017 19:03
CarMax Inc. celebrated the grand opening of the company’s fifth store in the San Francisco Bay Area. The store is located at 401 Serramonte Blvd. in Colma and has the capacity to stock approximately 340 used vehicles.CarMax opened its first Bay Area store in Pleasanton in 2016 and since that time has donated more than $150,000 throughout the region. In celebration of the Serramonte store grand opening, CarMax and The CarMax Foundation awarded $16,000 in donations and grants to the Boys & Girls Clubs of North San Mateo County. Support for this organization came at the recommendation of the Serramonte CarMax associates.CarMax also invested approximately $95,000 to build a playground in the Bay Area through a partnership with Kaboom. The playground was unveiled at Park Elementary School in the Hayward Unified School district. Park Elementary is a school where the majority of students are eligible for free or reduced lunch. CarMax associates in the Bay Area volunteered their time to help build the playground and The CarMax Foundation also presented Park Elementary School with a $10,000 grant.
Thursday, 02 November 2017 00:45
Competition is heating up in Las Vegas as two used-car chains are expanding in that market.CarMax Inc. is celebrating the grand opening of the company’s third store in Las Vegas and fourth location in the state of Nevada. The store is located at 4900 North Rancho Drive and has the capacity to stock approximately 340 used vehicles.In celebration of the Centennial store opening, CarMax and The CarMax Foundation awarded $15,000 in donations and grants to the YMCA of Southern Nevada’s Centennial Hills Community Center. Support for this organization came at the recommendation of the Centennial CarMax associates.Meanwhile, Carvana also recently launched operations in the Las Vegas market.