CarMax overview

CarMax is the United States' largest used-car retailer and a Fortune 500 company. The corporate entity behind the formation of CarMax was Circuit City Stores, Inc. The first CarMax used-car store opened in September 1993, 1.7 miles from Circuit City's corporate offices in Richmond, Virginia.
The staff at CarMax come from unusually diverse demographic backgrounds. The company is 32.7% female and 42.5% ethnic minorities. Even though it has great demographic diversity, CarMax notably lacks in political diversity. It has an unusually high proportion of employees who are members of the Democratic Party, at 72.4%. Despite having coworkers who agree with each other about politics, employees at CarMax tend to have relatively short tenures. Staff members usually stay with the company for 2.4 years. The average employee at CarMax makes $43,376 per year. Pay at CarMax is significantly lower than some of its highest paying competitors, like Tesla, Altria, and Cars.com, which pay $83,443, $79,583, and $73,903, respectively.
Based in Richmond, Virginia, CarMax is an industry leader with 25,000 employees and an annual revenue of $17.1B.

The Organization’s Mission

To provide our customers great quality cars at great prices with exceptional customer service.

Industry

Autos

Revenue

$17.1B

Employees

25,000

Founded in

1993

Headquarters

Richmond, VA

Website

cafjobs.com

Organization Type

Public

Is This Your Company?

The team at CarMax

Key People
  • William Nash (ceo)
  • Tom Reedy (CFO)
  • Bill Nash (Chairman)

The Culture At CarMax

Information provided by the company
We've developed a reputation for being an honest and transparent place to sell a car, and those same traits will help you succeed, too.
We are seeking innovative leaders that are passionate about wanting to create world-class digital experiences for our customers.
You will share our passion for helping customers by being empowered to make a difference.
CarMax is committed to hiring innovative people with strong values of integrity, transparency and respect.
You will have the opportunity to make a difference in the analyst community by working on real projects that have an impact on CarMax.

CarMax Reviews

Zippia Official Logo

5.0

Zippia UserMay 2020

5.0

Zippia Official LogoZippia UserMay 2020

What Do You Like About Working There?

The company culture is wonderful! There is tons of opportunity for growth. CarMax develops it's associates which makes us better professionally and personally. Show More

What DON'T You Like About Working There?

Regular associates aren't paid well till they get to a manager position. Show More

What Are Your Favorite Benefits/Perks?

I love every single person that I work with. They only hire kind caring people which makes for a pleasant working environment. I love our open door policy. I love that we get new personal goals. Show More
Zippia Official Logo

5.0

Zippia UserMarch 2020

5.0

Zippia Official LogoZippia UserMarch 2020

What Do You Like About Working There?

Loved the work environment. The managers and employees were amazing on training someone new Show More

What DON'T You Like About Working There?

Didn’t have a set schedule Show More

What Are Your Favorite Benefits/Perks?

Health insurance And payed vacation Show More
Zippia Official Logo

5.0

Zippia UserJanuary 2020

5.0

Zippia Official LogoZippia UserJanuary 2020

What Do You Like About Working There?

I liked working with several motivated individuals. I really enjoyed preparing the work that was required to make our sales run smoothly for our weekly auctions. Show More

What DON'T You Like About Working There?

I do not like the fact that I can't grow into a numbers position and am very limited into my capacity for what I want to grow into. Show More

What Are Your Favorite Benefits/Perks?

My favorite benefit is the healthcare insurance provided since it helps me take care of any medical issues I may have. Show More
Zippia Official Logo

3.0

Zippia UserFebruary 2019

3.0

Zippia Official LogoZippia UserFebruary 2019

What Do You Like About Working There?

Helping people finding what they were looking for and selling a quality product. Show More

What DON'T You Like About Working There?

The management was condescending and disingenuous. Show More

What Are Your Favorite Benefits/Perks?

Employee discount. Show More
Zippia Official Logo

4.0

Zippia UserAugust 2018

4.0

Zippia Official LogoZippia UserAugust 2018

What Do You Like About Working There?

This is a great company for employees who like a lot of structure. There are rarely any exceptions made to the rules. Good product and good opportunity for advancement Show More

What DON'T You Like About Working There?

It is very much like the military. Everything has a documented procedure. If you are more of a free thinking kind of employee this place is not for you. Show More

What Are Your Favorite Benefits/Perks?

Discount on personal automobile purchase. Show More
Anonymous review of CarMax

Do you work at CarMax? Rate CarMax as an Employer.

How would you rate working at CarMax?

Work at CarMax ? Share your experience anonymously.

What do you like about working for CarMax?

CarMax Rankings

CarMax is ranked #10 on the Best Automotive Companies to Work For in America list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

CarMax Salaries

How much does CarMax pay?
The national average salary for a CarMax employee in the United States is $43,376 per year. Employees in the top 10 percent can make over $80,000 per year, while employees at the bottom 10 percent earn less than $23,000 per year.
9.4
Salary Score
Average Employee Earnings

CarMax Salaries By Job Title

While CarMax employees earn an average yearly salary of $43,376, different roles can command different wages. Some of the job titles with high salaries at CarMax are Production Manager, Service Operator, Sales Representative, and Buyer. A typical Production Manager salary at CarMax is $85,955 per year. To get a better sense of the salaries at CarMax, other roles such as Detailer and Customer Assistant can be considered as well. For comparison, the title Detailer at CarMax earns $24,368 per year.

CarMax careers

On average, employees at CarMax stay with the company for 2.4 years. Employees most commonly join CarMax after leaving Walmart. When they leave CarMax, they most frequently get their next job at Verizon.

Average Length of Employment
AutoNation2.4 years

CarMax

2.4 years
Top Employers Before CarMax
Walmart11.8 %
US Army9.2 %
Target6.7 %
Show More
Top Employers After CarMax
Verizon8.6 %
Walmart8.5 %
AT&T7.2 %
Show More
00

Do you Work At CarMax?

Help us make this company more transparent.

0

CarMax Employment Videos

CarMax Financial Performance

9.9
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

> $1B

Founded in

1993

Organization type

Public

How Would You Rate The Company Culture Of CarMax?

Have you worked at CarMax? Help other job seekers by rating CarMax.

CarMax Competitors

Some of the competitors of CarMax are Tesla, Altria, and Cars.com. The wages at Tesla average higher than the other similar companies, where the median salary is $83,443 per year. Employees at Altria earn an average of $79,583 per year, and the employees at Cars.com earn an average salary of $73,903 per year.

Frequently Asked Questions about CarMax

When was CarMax founded?

CarMax was founded in 1993.

How many Employees does CarMax have?

CarMax has 25,000 employees.

How much money does CarMax make?

CarMax generates $17.1B in revenue.

What industry is CarMax in?

CarMax is in the autos industry.

What is CarMax's mission?

CarMax's mission statement is "To provide our customers great quality cars at great prices with exceptional customer service."

What type of company is CarMax?

CarMax is a public company.

Who are CarMax's competitors?

CarMax competitors include AutoNation, Sonic Automotive, Advance Auto Parts, AutoZone, Cars.com, Penske Automotive Group, Harley-Davidson, Avon Products, Asbury Automotive Group, Altria, LKQ, Capital One, Western Refining, Dillard's, Tesla, Anixter, Ford Motor Company, Russ Darrow Group, American Honda Motor Co, Macy's.

Who works at CarMax?

William Nash (ceo)

Tom Reedy (CFO)

Bill Nash (Chairman)

Are you an executive, HR leader, or brand manager at CarMax?

Claiming and updating your company profile on Zippia is free and easy.

You can find out what it is like to work at CarMax, also known as CARMAX INC, CarMax, CarMax Inc, CarMax, Inc. and carmax auto superstores.

Zippia gives an in-depth look into the details of CarMax, including salaries, political affiliations, employee data, and more, in order to inform job seekers about CarMax. The employee data is based on information from people who have self-reported their past or current employments at CarMax. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of CarMax and its employees or that of Zippia.