CarMax Inc. is primarily a retailer of used vehicles in the U.S. Established in 1993, the company operates over 200 used car stores. CarMax has two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Sales Operations segment sells used vehicles, purchases used vehicles, arranges financing options, and sells related products and services. CAF provides auto financing to CarMax customers, services the loans it originates, provides billing statements, collects payments, and coordinates the repossession of vehicles as needed. The company also receives income from expanded protection plans and service revenue. The company reported FY21 revenue of $19 billion. Headquartered in Richmond, Virginia, it has approximately 26,000 employees.
Kristina RuggeriAnalyst: Generalist