"CarMax is America's largest used-car retailer and a Fortune 500 firm. The corporate entity behind the development of CarMax was Circuit City Shops, Inc. The very first CarMax used-car store opened in September 1993, 1.7 miles (2.7 kilometres) from Circuit City's corporate workplaces in Richmond, Virginia. As of November 30, 2018, CarMax ran 195 places in 95 television media markets.

While CarMax shops focus on marketing used automobiles, the firm obtained its very first brand-new vehicle franchise with Chrysler Company in 1996. By 1999, it included new lorry franchise business for Mitsubishi Motors, Toyota, and Nissan too. Since November 2018, the only CarMax brand-new lorry car dealerships that stay are the two Toyota stores situated in Kenosha, Wisconsin and also Laurel, Maryland."