Used Car Retailer Recognized for Commitment to Equality

CarMax, Inc. (NYSE:KMX), the nation’s largest retailer of used cars, has achieved a perfect score on the Human Rights Campaign (HRC) Foundation’s annual Corporate Equality Index (CEI). The CEI measures workplace equality for the gay, lesbian, bisexual and transgender (GLBT) community. As part of this recognition, CarMax is also listed as an HRC “Best Place to Work for GLBT Equality” and in their annual “Buying for Equality” resource guide.

“CarMax is honored to receive this recognition from the Human Rights Campaign,” said Tom Folliard, president and chief executive officer of CarMax. “Our commitment to excellence starts by embracing a diverse work force where inclusion and equality for everyone is valued.”

CarMax has a nondiscrimination policy in place for recruiting, hiring, training and promoting associates that includes sexual orientation and gender identity. In 2005, CarMax began offering health insurance coverage for domestic partners. CarMax associates are provided training that emphasizes the importance of diversity and its impact on a successful business. This training covers the topic of sexual orientation and all associates are required to complete the training at the start of employment.

The HRC was founded in 1980 and is the largest civil rights organization working to achieve equality for GLBT communities. The Corporate Equality Index was first reported in 2002 and rates companies on a scale from zero to 100 percent. The scoring is calculated by a point system which rates criteria such as diversity training, domestic partner benefits and other nondiscrimination policies as well as respectful advertising toward the GLBT community.

About CarMax

CarMax, a FORTUNE 500 company, and one of the FORTUNE 2008 “100 Best Companies to Work For,” is the nation's largest retailer of used cars. Headquartered in Richmond, Va., CarMax currently operates 98 used car superstores in 46 markets. The unique CarMax consumer offer provides our customers the opportunity to shop for vehicles the way they shop for items at other national retailers, and it is structured around four customer benefits: low, no-haggle prices; a broad selection; high quality vehicles; and a customer-friendly sales process. During the twelve months ended February 29, 2008, the company retailed 377,244 used vehicles and sold 222,406 wholesale vehicles at its in-store auctions. For more information, access the CarMax website at http://www.carmax.com.

CarMax, Inc.
Trina Lee, Director, Public Relations
804-747-0422, ext. 4197
or
Elia Imler, Assistant Manager, Public Affairs
804-747-0422, ext. 4029