Industry: Retail Specialty

Fortune Rank: 323

CarMax, Inc. operates as a specialty retailer of used cars and light trucks. The company purchases, reconditions, and sells used vehicles. CarMax also sells new vehicles under various franchise agreements. In addition, the company offers its customers various services, including the financing for its used and new car sales through its own finance operation, CarMax Auto Finance, and third-party lenders; the sale of extended service plans; and vehicle repair service. As of August 23, 2005, CarMax operated 62 used car superstores in 28 markets. As of the above date, CarMax also operated seven new car franchises, all of which were integrated or co-located with its used car superstores. CarMax was co-founded by Austin Ligon in 1993 and is headquartered in Richmond, Virginia.


CarMax is a Fortune 500 company. In 2010 CarMax was ranked number 323 on the Fortune 500 list, making it the 323rd largest company in the United States when judged by revenue.

CarMax achieved revenue of $7,028.30 million in 2010 and earned a profit of $59.20 million.

CarMax's rank changes

The company's ranking in 2010 was a decline from 2009 when it was ranked 311th on the Fortune 500. The Previous ranking was based on its 2009 revenue of $8,319 million (a change of -1 million compared to 2010) and profits of $182 million (a change of -123 million compared to 2010).

Another point of view

To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then CarMax would be ranked 376th rather than 323rd due to its profits of $59 in 2010.

CarMax Revenue* Profit* Fortune Ranking

* US$ Million

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