CARMAX INC

CarMax, Inc. is the largest retailer of used vehicles in the United States. The company provides a wide selection of quality used vehicles and related products and services at competitive, no-haggle prices. During the fiscal year ended February 28, 2026, CarMax sold 780,684 used vehicles at retail. CarMax also operates as one of the nation's largest wholesale vehicle auction providers, selling 538,203 vehicles in fiscal 2026. Additionally, it is a significant provider of used vehicle financing, managing approximately 1.0 million customer accounts within its $16.37 billion portfolio of auto loans as of February 28, 2026. CarMax offers an omni-channel experience, allowing customers to buy vehicles online, in-store, or through a combination of both. As of February 28, 2026, the company operated 256 used car stores across 110 U.S. television markets. CarMax was incorporated in Virginia in 1996 and began operations in 1993. On June 1, 2021, CarMax acquired Edmunds Holding Company, an online guide for automotive information and a leader in digital vehicle shopping. This acquisition enhanced CarMax's digital capabilities and expanded its presence in the used auto ecosystem.