07/18/2019 | Press release | Distributed by Public on 07/18/2019 10:15
Now offering home delivery and expedited pick-up
RICHMOND, VA (July 18, 2019) - CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, today announces its new personalized car buying experience is now available to CarMax customers in Virginia. Customers can now choose to complete the entire car-buying experience from home and have the car delivered, including the ability to test drive, prior to purchase.
The new offering also gives customers the flexibility to do more of the car buying process from home, and then head to their local CarMax for expedited pick up of the vehicle.
'We're delivering on an unmet customer need for a car buying experience that is flexible, convenient, and completely tailored to each customer,' said Bill Nash, CarMax president and CEO. 'This experience has been well-received by our customers who are excited about buying a car on their own terms. This is the future of car buying, and we're off to a great start.'
The new personalized experience is now available in the following areas in Virginia:
While specific offerings can vary by city, CarMax customers can now:
CarMax disrupted the industry more than 25 years ago by offering a high integrity car-buying experience customers want that's transparent and stress-free. Since that time, CarMax has continued to revolutionize the experience through customer-focused technology innovations. CarMax has a nationwide inventory of approximately 50,000 vehicles and CarMax stands behind their vehicles with a 7-Day Money-Back Guarantee and a limited warranty that covers a vehicle's major systems for 90 days or 4,000 miles, whichever comes first.
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CarMax, the nation's largest retailer of used cars, revolutionized the automotive retail industry by driving integrity, honesty and transparency in every interaction. CarMax continues to innovate and is currently rolling out an omni-channel experience, providing customers the option to complete transactions entirely from home, in store, or in a seamless combination of both. CarMax has more than 200 stores nationwide, and during the latest fiscal year sold nearly 750,000 used cars and 450,000 wholesale vehicles at its in-store auctions. With more than 25,000 associates, CarMax is proud to have been recognized for 15 consecutive years as one of the Fortune 100 Best Companies to Work For®. For more information, visit www.carmax.com.
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We caution readers that the statements contained in this release about our future business plans, operations, opportunities or prospects are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by the use of words such as 'anticipate,' 'believe,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'outlook,' 'plan,' 'predict,' 'should,' 'will' and other similar expressions, whether in the negative or affirmative. Such forward-looking statements are based upon management's current knowledge and assumptions about future events and involve risks and uncertainties that could cause actual results to differ materially from anticipated results. Factors that could cause actual results and outcomes to differ materially from those contained in the forward-looking statements include, among others, whether and when we are able to execute on our business plans. For more details on factors that could affect expectations or outcomes, see our Annual Report on Form 10-K for the fiscal year ended February 28, 2019, and our quarterly or current reports as filed with or furnished to the U.S. Securities and Exchange Commission. Our filings are publicly available on our investor information home page at investors.carmax.com. Requests for information may also be made to the Investor Relations Department by email to inves[email protected] or by calling 1-804-747-0422 ext. 4391. We undertake no obligation to update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.
[email protected], (855) 887-2915
Stacy Frole, Vice President, Investor Relations, (804) 935-4598
Celeste Gunter, Manager, Investor Relations, (804) 935-4597