Carmax
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CarMax, Inc. (CarMax) is a holding company and its operations are conducted through its subsidiaries. CarMax is a retailer of used cars, which retailed 377,244 used vehicles during the fiscal year ended February 29, 2008 (fiscal 2008). As of February 29, 2008, the Company operated 89 used car superstores in 41 metropolitan markets. In addition, it sold 222,406 wholesale vehicles in fiscal 2008 through onsite auctions. The Company purchases, reconditions and sells used vehicles. All of the used vehicles it retails are reconditioned. Approximately 85% of the used vehicles CarMax retails are 1 to 6 years old with fewer than 60,000 miles. The Company also offers a selection of used vehicles at e...
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