President and Chief Executive Officer
EVP, Chief Financial Officer
EVP, Chief Operating Officer
EVP, Chief Marketing Officer
EVP, Strategy and Business Transformation
EVP, General Counsel and Corporate Secretary
SVP, Chief Human Resources Officer
SVP, CarMax Auto Finance
SVP, Chief Information Officer
SVP, Store Operations
Carmax was founded in the year 1993. The company has been operational for 25 years now. The founder of the company was Richard L Sharp. The origins of the company go back to the year 1991 when the concept for the company was developed under the name Project X. The former name of the company was Honest Rick’s Used Cars. As the operations of the company started, it did not charge users of any kind of fees under the starting business model. But, as the company flourished, it started seeing that customers were willing to pay up more and thus started charging transaction fees to its customers.
In the year 1997, the first CarMax Stock was issued by Circuit City and therefore slowly started expanding to more areas. During those times, the company had its presence in over seven locations in the USA. Then in the year 2002, the company had split itself from Circuit City and became an independent company in itself. By the end of the year 2018, the company had sold more than 721,000 used cars via its retail stores. During the year 2018 itself, the company had already opened about 15 used car superstores and was also planning to open another 15 more stores in the year 2019 as well. The company was also ranked at number 34th in the Fortune’s 100 Best Companies to Work For list, as of the year 2018. The headquarters of the company is based in 12800 Tuckahoe Creek Parkway. The name of the place is Richmond, while the name of the place is Virginia. The pin code of the area is 23238.
CarMax is an American company that focuses on providing the platform for its customers in order to search new and used cars, as well as research and compare several different cars as well, via its online portal. The current chairman of the company is Bill Nash, while the CFO of the company is Tom Reddy. As of the year 2017, the total revenue generated by the company is more than $17.1 billion. Also, as of the year 2018, the total number of employees working at the company is more than 25,000. The company currently has about 325,000 vehicles which are present at its own 50 retail stores, and as well as four new car franchises too.
The primary services provided by the company include allowing customers to have a retail as well as an online presence, in order to sell used as well as new cars to its customers. Each vehicle sold by the company passes through a 125-point inspection test and comes with a 30-day warranty as well.
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