When was CarMax founded?

CarMax was founded in 1993 and raised its 1st funding round 21 years after it was founded.

Where is CarMax located?

CarMax is headquartered in Richmond, United States. It is registered at Richmond, Virginia.

How many employees does CarMax have?

As of Jul 31, 2026, the latest employee count at CarMax is 17695.

Is CarMax a funded company?

CarMax is a funded company, having raised a total of $***** in its 1st and only funding round, a Conventional Debt round on Feb 2014.

When was the latest funding round of CarMax?

CarMax's latest funding was a $***** Conventional Debt round on Feb 2014, with participation from 0 investor. Its primary sector is Auto Retail & Aftersales. In United States, the Auto Retail & Aftersales sector has seen $925M in funding in 2026 to date.

What is the annual revenue of CarMax?

Annual revenue of CarMax is more than $1B as on Feb 28, 2025

Where does CarMax rank among its competitors?

CarMax ranks 5th amongst 1898 active competitors, of which 9 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Droom, which secured $3M in Mar, 2025.

Who are the top competitors of CarMax?

CarMax's top competitors include Carvana, Droom and Copart. Among them, Droom secured the most recent funding round in March, 2025.

CarMax - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Retailer of used cars. Its offered services include car sales & purchase, extended protection plans, finance, reconditioning & vehicle repair, and spare parts & accessories. In 2022, the company recorded annual revenues of $33.19B and a net profit of $1.15B.

Website: carmax.xom
Social
Email ID: *****@carmax.com
Phone Number: +1 **********
Part Of
Registered Address: Richmond, Virginia

Key Metrics

Founded Year

1993

Location

Richmond, United States

Stage

Public

Latest Funding Round

Conventional Debt, Feb 2014, $*****

Ranked

5^th among 1898 active competitors

Annual Revenue

$1B+ as on Feb 28, 2025

Employee Count

17,695 as on Jul 31, 2026

Investment & Acquisitions

Nomad & 8 more

Similar Companies

Tricolor & 6178 more

Exit Details

Public

View CarMax's full profile

CarMax is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
CARMAX INC CIN: 1170010 , United States, Active		$1B+ (As on Feb 28, 2025)	-	-
CARMAX, INC CIN: 54-1821055 , United States, Active	Dec 31, 1992	-	30621 (As on Feb 28, 2023)	-
CARMAX, INC. CIN: 541821055 , United States, Active	Dec 26, 999	-	29008 (As on Dec 31, 2024)	-

CarMax got listed on Feb 04, 1997.

Click here to take a look at CarMax's IPO in detail

CarMax has raised funding over 1 round.

Here is the list of recent funding rounds of CarMax:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 2014	6498590	Conventional Debt	8923647	4507590	4145422	2559628

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View details of CarMax's funding rounds and investors

The founders of CarMax is Austin Ligon. William D. Nash is the CEO of CarMax.

Here are the details of CarMax's key team members:

Austin Ligon: Former Co-Founder of CarMax and founder of 1 other company. They are also an angel investor in 3 startups.
William D. Nash: CEO of CarMax.
Contact Info: 1 email address

View details of CarMax's Founder profiles and Board Members

CarMax's employee count trend

CarMax has 17,695 employees as of Jul 26. Here is CarMax's employee count trend over the years:

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Top competitors of CarMax include Carvana, Droom and Copart. Here is the list of Top 10 competitors of CarMax, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Carvana 2012, Phoenix (United States), Public	Online dealer of pre owned cars	$460M	Alua Capital Management, Vanguard & 2 others	84/100
2nd	Droom 2014, Gurugram (India), Series G	Online retailer of used and new automobiles, plus related services	$344M	Digital Garage, Toyota Tsusho & 67 others	74/100
3rd	Copart 1982, Dallas (United States), Public	Online marketplace for used and salvaged vehicles	$1.1M	-	72/100
4th	Vroom 2013, New York City (United States), Public	Online dealer of used cars	$708M	durablecapitalpartners.com, Altimeter Capital ... & 21 others	66/100
5th	CarMax 1993, Richmond (United States), Public	Retailer of used cars	-	-	66/100
6th	CarLotz 2011, Charlotte (United States), Acquired	Online P2P consignment-based car trading platform	$37M	TRP, Capital Q Ventures & 1 others	64/100
7th	Tricolor 2007, Dallas (United States), Series C	-	$130M	BlackRock, Fifth Third Bank & 1 others	56/100
8th	DriveTime 2002, Tempe (United States), Funding Raised	Automotive dealerships network focused on used cars	-	KSK Angel Fund	52/100
9th	Auction Direct USA 2005, Victor (United States), Seed	Quality used car dealer in Raleigh, NC, offering diverse inventory	$3M	-	42/100
10th	HGreg.com 1993, Doral (United States), Unfunded	Online platform for buying and selling used cars	-	-	41/100

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Looking for more details on CarMax's competitors? Click here to see the top ones

CarMax has made 8 investments in companies including Nomad and Carpool. CarMax has also acquired 1 companies including Edmunds.com.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Apr 01, 2026	Investments	Nomad	2025	Toronto (Canada)
Dec 27, 2024	Investments	Carpool	2020	Atlanta (United States)
Oct 16, 2024	Investments	Treehouse	2021	Menlo Park (United States)