"CarMax is America's biggest used-car retailer and also a Lot of money 500 business. The company entity behind the formation of CarMax was Circuit City Stores, Inc. The very first CarMax used-car store opened in September 1993, 1.7 miles (2.7 km) from Circuit City's corporate workplaces in Richmond, Virginia. As of November 30, 2018, CarMax ran 195 places in 95 television media markets.

While CarMax shops focus on advertising and marketing used lorries, the company acquired its initial new cars and truck franchise with Chrysler Corporation in 1996. By 1999, it added new vehicle franchise business for Mitsubishi Motors, Toyota, and also Nissan too. Since November 2018, the only CarMax brand-new vehicle dealerships that continue to be are the two Toyota shops located in Kenosha, Wisconsin and also Laurel, Maryland."