CarMax Named America’s Most Admired Company in Automotive Retailing, Services by FORTUNE magazine

CarMax Named America’s Most Admired Company in Automotive Retailing, Services by FORTUNE magazine
RICHMOND, Va., March 4 /PRNewswire/ — CarMax, Inc. (NYSE: KMX), the
nation’s largest retailer of used cars, has been ranked No. 1 on FORTUNE
magazine’s list of America’s Most Admired Companies in the automotive
retailing, services industry. CarMax also ranked No. 1 on the list in 2006.

“CarMax is honored to be recognized as a ‘most admired’ company in
automotive retailing, services,” said Tom Folliard, president and chief
executive officer of CarMax. “We believe that this recognition is an
acknowledgement of how we are positively impacting the automotive retail
industry. We’re giving customers what they want in a car-buying experience
by being ethical, trustworthy and respectful.”

CarMax offers consumers a no-hassle, no-haggle car-buying experience
and a broad selection of high-quality used vehicles. CarMax guarantees the
quality of the cars sold, does not sell flood- or frame-damaged vehicles,
and accurate odometer readings on its cars. All vehicles are thoroughly
inspected and reconditioned, and CarMax offers a five-day, money-back
guarantee and a limited 30-day warranty (60-day in Conn.).

FORTUNE’s America’s Most Admired Companies list is the definitive
report card on corporate reputations. FORTUNE’s survey partners at Hay
Group started with the FORTUNE 1,000, the 1,000 largest U.S. companies
ranked by revenue, and the top foreign companies operating in the U.S. They
sorted the companies by industry and selected the ten largest companies in
each. To create the 64 industry lists, Hay Group asked executives,
directors, and analysts to rate companies in their own industry on eight
criteria, from investment value to social responsibility.

In addition to being named to FORTUNE’s list of America’s Most Admired
Companies, CarMax has been named to FORTUNE’s annual list of “100 Best
Companies to Work For” for the past four years.

About CarMax

CarMax, a FORTUNE 500 company, and one of the FORTUNE 2008 “100 Best
Companies to Work For,” is the nation’s largest retailer of used cars.
Headquartered in Richmond, Va., CarMax currently operates 89 used car
superstores in 41 markets. The CarMax consumer offer provides our customers
the opportunity to shop for vehicles the way they shop for items at other
national retailers, and it is structured around four customer benefits:
low, no-haggle prices; a broad selection; high quality vehicles; and a
customer- friendly sales process. During the twelve months ended February
28, 2007, the company retailed 337,021 used vehicles and sold 208,959
wholesale vehicles at its in-store auctions. For more information, access
the CarMax website at http://www.carmax.com.

SOURCE CarMax