CarMax opens first Superstore in Gastonia, NC

RICHMOND, Va. (October 5, 2007) – CarMax, Inc., , the nation’s largest retailer of used cars, officially opened its new store in Gastonia, North Carolina today. The new CarMax superstore is located at 1600 Remount Road in Gastonia. The store is 45,890 square-feet, employs more than 110 associates, and stocks 300 to 400 vehicles of nearly every make and model. This is the first CarMax store in Gastonia.

“We have revolutionized the way consumers buy cars,�?? said Tom Folliard, president and chief executive officer of CarMax. “Gastonia area residents now can choose to have a no-hassle, no-haggle, fun and easy car shopping experience at CarMax, the pioneer of the used car superstore.�??

More than 200 local dignitaries and CarMax associates attended a grand opening preview event at the superstore today. The event included a “Trivia Quest�?? game for charity featuring local radio personalities. CarMax donates $1,000 to each participant’s charity, and the winner’s charity receives an additional $1,000. The Trivia Quest participants included Romeo, DJ from WNKS-FM on 95.1 The Kiss, Derek James, morning DJ from WNKS-FM on 104.7, and Chris Allen, morning DJ from WSOC-FM on 103.7.

CarMax opened its first store in Richmond, Virginia more than 14 years ago after the company surveyed thousands of consumers to find out what they liked and disliked about car shopping. CarMax was designed according to the survey responses, giving consumers what they asked for:

Low Prices
No hassles, no haggling on all four parts of the car purchase: 
The price of the vehicle, which is posted clearly on the car and on 
carmax.com
Extended service plan, consumers can choose the plan that’s right for them
Financing, with all options displayed on a computer for the consumer to 
review
The “trade in,�?? a written cash offer good for seven days whether or not 
the customer buys a car from CarMax
Broad Selection
Hundreds of vehicles on every lot (average 300 to 400 per store)
Nearly every make and model (both domestic and import used vehicles)
Used vehicles that are generally one to six years old with less than 
60,000 miles 
More than 25,000 vehicles online at carmax.com
Transfer any used car to the store nearest you 
Great Quality
Guaranteed quality cars and no flood or frame-damaged vehicles or vehicles 
with odometer or title issues
Thoroughly inspected and reconditioned vehicles
Five-day money back guarantee and a limited 30-day warranty 
Customer Friendly 
A For Kids Only supervised play area 
CarMax will buy any car, whether or not the seller purchases a CarMax 
vehicle

Gastonia area residents can also preview CarMax vehicles by logging onto www.carmax.com. The website features actual prices and photos of more than 25,000 CarMax vehicles available nationwide. Prospective car buyers can have a vehicle transferred from either Charlotte stores to the Gastonia store for free.

About CarMax

CarMax, a FORTUNE 500 company and one of the FORTUNE 2007 “100 Best Companies to Work For,�?? is the nation’s largest retailer of used cars. Headquartered in Richmond, Va., CarMax currently operates 84 used car superstores in 38 markets. The CarMax consumer offer is structured around four core equities: low, no-haggle prices; a broad selection; high quality vehicles; and customer-friendly service. During the twelve months ended February 28, 2007, the company retailed 337,021 used vehicles and sold 208,959 wholesale vehicles at its in-store auctions. For more information, access the CarMax website at www.carmax.com.