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CarMax's Overview

Total employees16909
HeadquartersRichmond
Founded1993

CarMax is the largest used-car retailer in the United States, known for its no-haggle pricing and extensive inventory of certified pre-owned vehicles. Founded in 1993, CarMax revolutionized the used car buying experience by offering a transparent, customer-friendly approach. Beyond vehicle sales, the company also provides financing options, vehicle protection plans, and car appraisal services. CarMax operates numerous retail locations across the country and a significant online presence, allowing customers to buy and sell cars both in-person and digitally.

Where is CarMax's Headquarters?

HQ Function

Serves as the central hub for CarMax's nationwide operations, including corporate strategy, finance, marketing, human resources, legal, and information technology development and support.

Notable Features:

The campus is often described as modern and spacious, designed to foster collaboration. It includes amenities typical of large corporate headquarters, such as a cafeteria, fitness center, and open workspaces, situated in a suburban corporate park setting.

Work Culture:

CarMax is frequently recognized for its positive and inclusive work culture, emphasizing teamwork, integrity, and employee development. The HQ environment aims to be collaborative and innovative, supporting the company's customer-centric mission.

HQ Significance:

The Richmond HQ is critical for coordinating CarMax's extensive network of over 240 stores, managing its online sales platform, and driving strategic initiatives that have shaped the used car industry.

Values Reflected in HQ: The headquarters' design and operational focus reflect CarMax's core values such as customer focus (by supporting store and online operations), integrity (through centralized ethical oversight), and innovation (by housing R&D and tech teams).

Location:

While CarMax's retail operations are primarily concentrated within the United States, its 'global presence' is mainly characterized by its digital reach, allowing international users to browse inventory (though purchases typically require US presence or specific arrangements for export where applicable). The company also engages with global supply chains for automotive parts and technology. Its primary operational and sales focus remains firmly on the U.S. market.

Street Address:

12800 Tuckahoe Creek Parkway

City:

Richmond

State/Province:

Virginia

Country:

USA

CarMax's Global Presence

Plano, Texas, USA

Address: 5501 Headquarters Drive, Plano, TX 75024

To tap into the rich tech talent pool in the Dallas-Fort Worth metroplex and drive digital transformation initiatives critical for CarMax's growth and competitiveness in the automotive retail market. CarMax also operates several Customer Experience Centers (CECs) in locations like Kennesaw, GA; Raleigh, NC; and Phoenix, AZ.

Buying Intent Signals for CarMax

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of CarMax

As of April 2025, CarMax' leadership includes:

William D. (Bill) Nash - President and Chief Executive Officer
Enrique Mayor-Mora - Executive Vice President and Chief Financial Officer
Shamim Mohammad - Executive Vice President, Chief Information and Technology Officer
Joe Wilson - Executive Vice President, Chief Operating Officer
Diane L. Cafritz - Executive Vice President, Chief Human Resources Officer

Investors of CarMax

CarMax has been backed by several prominent investors over the years, including:

The Vanguard Group, Inc.
BlackRock, Inc.
PRIMECAP Management Company
State Street Global Advisors (SSgA)
Capital Research & Management Co.

Executive New Hires/Exits in the Last 12 Months

Hire2
Exits1

In the past year (mid-2023 to mid-2024), CarMax has seen key internal promotions to its executive leadership team, notably filling roles related to operations and human resources, following a planned retirement. The company focuses on stable leadership to drive its strategic initiatives.

Departures

Jim Lyski, Jim Lyski retired as Executive Vice President, Strategy and Product.

New Appointments:

Joe Wilson, Joe Wilson promoted to Executive Vice President, Chief Operating Officer.
Diane L. Cafritz, Diane L. Cafritz promoted to Executive Vice President, Chief Human Resources Officer.

Technology (Tech Stack) used by CarMax

Discover the tools CarMax uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

CarMax Email Formats and Examples

CarMax primarily utilizes a common corporate email format. The most frequently observed structure is the employee's first initial followed by their last name, all before the '@carmax.com' domain. Variations might exist for common names or specific departments, but this is the standard.

[first_initial][last_name]@carmax.com

Format

jdoe@carmax.com

Example

75%

Success rate

News and media

PR NewswireApril 11, 2024

CarMax Reports Fourth Quarter and Full Year Fiscal 2024 Results

CarMax announced its financial performance for Q4 and the full fiscal year 2024, detailing retail and wholesale unit sales, revenue, and gross profit. The report also covered progress on strategic initiatives, including its omni-channel platform and market share trends....more

Automotive NewsApril 11, 2024

CarMax Navigates Challenging Used-Car Market, Eyes Spring Rebound

Despite another quarter of declining retail sales, CarMax executives expressed optimism for a market improvement in the spring, citing factors like vehicle affordability improvements and investments in their customer experience and omni-channel capabilities....more

CarMax NewsroomNovember 16, 2023

CarMax Partners with KDP's The Big Give to Support Richmond Nonprofit

CarMax collaborated with Keurig Dr Pepper (KDP) as part of 'The Big Give' initiative, donating a minivan to The Literacy Lab, a Richmond-based nonprofit, to support their community outreach and educational programs. This highlights CarMax's community involvement efforts....more

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