Where is CarMax headquartered?

CarMax is headquartered in Richmond, Virginia. By the end of fiscal 2025 it operated 250 store locations across the United States.

Keith Barr is President and Chief Executive Officer, effective March 16, 2026. Tom Folliard serves as Interim Executive Chair of the Board, and Enrique Mayor-Mora is Executive Vice President and Chief Financial Officer.

Is CarMax publicly listed?

Yes. CarMax, Inc. trades on the New York Stock Exchange under the ticker KMX. Its market capitalization sits near $8.18 billion, with recent trailing-twelve-month revenue of about $28.20 billion.

How many people work at CarMax?

CarMax employed over 30,000 associates as of fiscal 2025. Roles span retail sales, auto technicians and operations, customer service, corporate and auto finance, and technology.

What is the interview process at CarMax like?

Candidate reports on Indeed describe a favorable overall experience with medium difficulty, most commonly wrapping up in about a day or two, with some running about a week. Retail roles such as Sales Consultant and Customer Specialist often include a selling role-play plus behavioral questions.

What are typical salaries at CarMax?

Levels.fyi total-compensation data puts the median software engineer near $166K, ranging from about $89K at Software Engineer I to $200K at Principal. Indeed's reported US averages show sales consultants around $18.22 per hour, automotive technicians around $37.60 per hour, and managers in the $62K to $123K per year range.

Yes. CarMax has current openings across the Richmond, Virginia metro in technology and product, corporate and auto finance, customer service, auto technician and operations, and retail sales. See the open roles section above for live listings.

CarMax Careers

The largest used-vehicle retailer in the United States, selling and financing used cars through physical stores and online.

carmax.com

About the company

CEO

Keith Barr

Chair of the Board

Tom Folliard (Interim Executive Chair)

CFO

Enrique Mayor-Mora

Founded

1993

Employees

Over 30,000 (FY2025)

Industry

Used vehicle retail

Headquarters

Richmond, Virginia, US

Revenue (FY26)

$28.20 billion

Market Cap

$8.18 billion

Listed on

NYSE: KMX

CarMax, Inc. is a US used-vehicle retailer founded in 1993, when it opened its first store in Richmond, Virginia as a side business of Circuit City. The company is now the largest retailer of used cars in the United States and is headquartered in Richmond, Virginia. It trades on the New York Stock Exchange under the ticker KMX.

The business runs through two segments: CarMax Sales Operations, which buys and sells used vehicles, and CarMax Auto Finance, which provides financing to its customers. By the end of fiscal 2025 (ended February 28, 2025) CarMax operated 250 store locations across the country and employed over 30,000 associates.

Recent trailing-twelve-month revenue stands at about $28.20 billion, and CarMax's market capitalization sits near $8.18 billion. In 2026 the company appointed Keith Barr as President and Chief Executive Officer, effective March 16, 2026, following a period of interim leadership.

Key People

Keith Barr

President and Chief Executive Officer

Tom Folliard

Interim Executive Chair of the Board

Enrique Mayor-Mora

Executive Vice President and Chief Financial Officer

Shamim Mohammad

Executive Vice President, Chief Information and Technology Officer

Interview process at CarMax

(Based on 2,188 interviews)

Interview experience

Favorable

Interview difficulty

Medium

Interview process length

About a day or two

Overall experience

PoorExcellent

EasyDifficult

How long the process takes

About a day or two46%

About a week45%

About a month6%

More than one month3%

See all CarMax interview questions & answers

Browse question banks by role, round and company, with answers and examples.

CarMax Salaries in United States (Updated 2026)

Software Engineer (overall)

Median total compensation

$166K

Software Engineer I

Total compensation

$88.9K

Software Engineer II

Total compensation

$131K

Senior Software Engineer

Total compensation

$157K

Principal Software Engineer

Total compensation

$200K

Sales Consultant

Reported average

$18.22/hr

141 Salaries submitted

Know your worth at CarMax

Benchmark your pay against thousands of data points and find roles that match your experience.

Open roles

Product Manager

Richmond, VA • Full Time

Strategy Analyst

Richmond, VA • Full Time

Analyst, Customer Relations

Richmond, VA • Full Time

Sr. Consultant, HR Investigations

Richmond, VA (Hybrid) • Full Time

Customer Service Consultant, Richmond (Remote)

Richmond, VA (Remote) • Full Time

Night Shift Inventory Associate

Glen Allen, VA • Full Time

$15.50 to $30.70 per hour

Get ready for an AI interview

Free guides to AI video screens, coding tests and how scoring works.

Benefits

Medical, dental and vision coverage for full-time associates starting on day 30

Employee Assistance Program and mental health support

Short-term disability coverage for qualifying medical conditions

Virtual healthcare access

401(k) with dollar-for-dollar match up to 6% of eligible pay, immediate vesting

Employee Stock Purchase Plan after one year, with a $0.15 employer match per $1 contributed

Life insurance

Associate discounts on vehicles, accessories and services

Adoption assistance

Paid vacation and sick time, based on role and tenure

Up to six weeks of paid leave for birth, adoption or placement of a child

Tuition reimbursement covering tuition, textbooks and course fees

Latest News & Updates

July 18, 2026

Law firm opens shareholder investigation into CarMax directors

Bernstein Liebhard LLP said it's investigating potential fiduciary duty breaches by certain CarMax directors and officers affecting shareholders who bought stock before June 20, 2025. The disclosure followed the earnings beat, after which KMX shares had risen about 7.2%.

#Governance #Shareholders #Investigation

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July 15, 2026

KMX stock climbs as turnaround gains momentum

CarMax shares rose about 6.24% in a session as investors backed the turnaround, with the stock recovering from roughly $50 toward $59. Stephens upgraded KMX to Overweight with a $66 target, and CEO Keith Barr bought about $498,000 of shares alongside a director purchase, signaling confidence in the plan.

#StockMovement #AnalystUpgrade #InsiderBuying

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June 17, 2026

CarMax reports first quarter fiscal 2027 results

CarMax posted net revenues of $8.0 billion, up 6.2% year over year, with diluted EPS of $1.31 that beat the analyst consensus of about $0.96. The quarter was the first full period under new CEO Keith Barr, who paired the results with a four-part strategic framework covering pricing, digital and in-store integration, financing and protection plans, and cost cuts.

#Earnings #Q1FY27 #KMX

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March 27, 2026

New CEO Barr puts technology at center of customer experience plan

Keith Barr laid out three priorities for fiscal 2027, with technology modernization as the cornerstone for improving the buying experience and helping associates serve customers. His plan responds to competitive pressure from Carvana and activist criticism of CarMax's digital trade-in process.

#CEO #Strategy #DigitalTransformation

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February 12, 2026

CarMax names Keith Barr as chief executive officer

CarMax named former IHG Hotels & Resorts CEO Keith Barr as president and CEO, effective March 16, 2026, as the retailer works through a turnaround after several years of soft used-car demand. Barr succeeded interim CEO David McCreight, who returned to his role as an independent director.

#Leadership #CEO #Turnaround

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CarMax FAQ

CarMax is the largest used-vehicle retailer in the United States. It buys and sells used cars through CarMax Sales Operations and provides customer financing through CarMax Auto Finance, selling both in physical stores and online.