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Home > Company Index > Specialty Retail > Auto Dealers & Distributors > CarMax Group
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CarMax Group |
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NEWS FROM THE WIRES |
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Capital Automotive acquires retail properties from CarMax Aug 15 2001 05:01 AM PDT
CarMax sees higher Q2 earnings, Ciruit City rallies Aug 01 2001 10:20 AM PDT
CarMax sees higher second-quarter earnings Aug 01 2001 05:26 AM PDT
Small fire halts production at key Norilsk plant Aug 01 2001 05:26 AM PDT
Circuit City offering 8.85 million CarMax shares Jul 26 2001 06:00 AM PDT
> More WIRE STORIES about this company
NEWS FROM THE STANDARD |
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Wal-Mart, AOL Form Joint Internet Service
Dec 16 1999 12:00 AM PST
PROFILE |
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Detroit isn't the only motor city. Circuit City Stores (a major consumer electronics and appliance retailer) runs CarMax Group, a used-car superstore chain. CarMax buys, reconditions, and sells used cars and light trucks at more than 40 dealerships in 10 states, mainly in the Southeast and Mid-Atlantic. CarMax sells cars that are generally under six years old with less than 60,000 miles; the cars are sold below Blue Book value in a no-haggle environment. CarMax also runs about 20 new-vehicle dealerships through franchise agreements. Circuit City Group and CarMax Group trade separately as tracking stocks; Circuit City Stores owns about 75% of CarMax.
COMPETITION |
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AutoNation, Inc. (AN)
Hendrick Automotive Group (dossier)
United Auto Group, Inc. (UAG)
DEALS |
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Deal: AOL Partners with Circuit City
Date Announced: 12.15.99
Value of transaction (US $Mil): 0
Description: Internet services company and click-and-mortar electronics retail chain enter joint marketing agreement.
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: February
2001 Sales (mil.): 2,501.00
1-Yr. Sales Growth: 24.1%
Employees: 6,745
Revenue per employee: $370,793.18
KEY PEOPLE |
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Richard L. Sharp
CEO
Keith D. Browning
CFO
CONTACT INFO |
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4900 Cox Rd.
Glen Allen, VA 23060
US
Phone: 804-747-0422
Fax: 804-747-5848
Online: Web Site
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Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
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