"CarMax is America's biggest used-car merchant and a Ton of money 500 business. The company entity behind the formation of CarMax was Circuit City Shops, Inc. The very first CarMax used-car shop opened up in September 1993, 1.7 miles (2.7 km) from Circuit City's corporate workplaces in Richmond, Virginia. As of November 30, 2018, CarMax ran 195 areas in 95 tv media markets.

While CarMax shops focus on advertising used cars, the company obtained its initial brand-new auto franchise with Chrysler Firm in 1996. By 1999, it added new car franchise business for Mitsubishi Motors, Toyota, as well as Nissan also. Since November 2018, the only CarMax brand-new vehicle car dealerships that continue to be are the two Toyota shops located in Kenosha, Wisconsin and also Laurel, Maryland."