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Home > Fortune 500 Companies > Carmax Inc
Carmax Inc
Carmax Inc. is a publicly traded company having a good stock performance result. Carmax Inc. is a fortune 500 stock listed company trading under KMX.
CarMax was first opened in Richmond, Virginia, in 1993. With headquarters in Richmond, Va., CarMax currently operates 67 used car superstores in 31 markets. CarMax also operates seven new car franchises, all of which are integrated or co-located with its used car superstores. Their used car superstores and new car sites have quickly become the largest in the nation. CarMax, a Fortune 500 company and one of the Fortune 2006 100 Best Companies to Work For is the nation's largest retailer of used cars. During the twelve month period ended November 30, 2005, the company retailed 285,950 used cars, which is 93 percent of the total 306,820 vehicles retailed during that period.
For the first time, they've been named by fortune magazine as America's most admired company in automotive retailing services in the annual fortune Most Admired companies’ 2006 list. To compile the most admired list, fortune enlisted the assistance of Hay Group. Hay Group surveyed industry executives and directors, as well as security analysts, asking them to rate companies in industry categories according to eight criteria such as innovation; use of corporate assets; quality of management; employee talent; social responsibility; financial soundness; long-term investment; and quality of products/services.
In addition to being named one of fortune's most admired companies and for the past two years CarMax has been named to fortune's annual list of 100 Best Companies to Work For.
CarMax, Inc. today reported record results for the fourth quarter and fiscal year ended. Total fourth quarter sales increased 16percent to 1.62 billion dollars from 1.40 billion dollars of fiscal 2005. For the fiscal year, total sales increased 19percent to 6.26 billion dollars from 5.26 billion dollars. Comparable store used unit sales declined 3percent for the fourth quarter. For the fiscal year, comparable store used unit sales increased 4percent. Total used unit sales grew 6percent in the fourth quarter and 15percent for the fiscal year.
Since their inception in 1993, they've sold more than 1.6 million cars to consumers throughout the United States. They've even been named fortune's most accepted company in automotive retailing services in their annual Most Admired Companies 2006 report. Their exclusive no-hassle, no-haggle consumer offer is unlike traditional car dealers, and they specialize in customer service.
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