CarMax, Inc. and its wholly owned subsidiaries operate as a retailer of used cars and light trucks in the United States. It purchases, reconditions, and sells used vehicles. The company also provides a range of related services, including the financing of vehicle purchases, third-party lenders, sale of extended service plans and accessories, and vehicle repair service. The company also sells new vehicles under various franchise agreements. As of August 31, 2005, it operated 63 used car superstores, as well as operated 7 new car franchises. CarMax was co-founded by Austin Ligon in 1993. The company is based in Glen Allen, Virginia.
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