CarMax Announces Hiring and Community Commitment to Veterans

Company pledges $1.4 million to support veterans and their families

RICHMOND, Va.–(BUSINESS WIRE)–CarMax,
Inc. (NYSE: KMX), the nation’s largest retailer of used cars, announced
today a commitment to providing community support and career
opportunities to our nation’s military, veterans and their families.
CarMax and The CarMax Foundation have pledged a total of $1.4 million
over the next three years to organizations supporting the military,
including Hiring Our Heroes, KaBOOM! and The Mission Continues.

Today, CarMax joined the Philanthropy-Joining
Forces Impact Pledge
hosted by the Council on Foundations and
Veterans Philanthropy Exchange in Washington, D.C. The Pledge represents
an ongoing commitment to bring long-term support to service members,
veterans and military families.

“Supporting the communities where our associates live and work has
always been a cornerstone of the CarMax culture,” said Matt Aman,
regional vice president, service operations of CarMax, and former
soldier in the U.S. Army Judge Advocate General’s Corps. “CarMax
associates are passionate about supporting our military and as a veteran
myself, I am proud to work for a company that supports this cause.”

CarMax proudly employs our nation’s veterans, active duty service
members and military spouses in its stores and offices nationwide.
Through its partnership with Hiring
Our Heroes
, CarMax has joined the Veteran’s Employment Advisory
Council and the Military Spouse Employment Advisory Council to help
connect veterans, transitioning service members, and military spouses to
meaningful job opportunities. As part of the relationship, CarMax has
committed $100,000 to support the efforts of Hiring Our Heroes.

“CarMax is actively recruiting men and women with military backgrounds
because they share the same core values of integrity, respect, and
honesty, and naturally make a great fit,” said Tracey Shoemaker,
recruiting director for CarMax’s
military program
.

CarMax also is partnering with The
Mission Continues
, a national nonprofit that empowers veterans who
are adjusting to life at home to find purpose through community impact.
CarMax is committing $300,000 over the next two years that will include
sponsoring service platoons. These teams of veteran and non-veteran
volunteers mobilize together to solve specific challenges in their
communities.

The
CarMax Foundation
also announced a $1 million partnership with KaBOOM!
to be the first corporate sponsor to bring play spaces to our military
and veteran families. The CarMax Foundation and KaBOOM!, a national
nonprofit organization dedicated to giving kids the childhood they
deserve by bringing play to those who need it most, have successfully
provided 100,000 kids across the nation with access to play. Over the
next three years, CarMax and KaBOOM! will provide grants to fund four
playgrounds and 30 play projects in military communities.

CarMax has partnered with a number of military bases across the country
and respected military recruiting organizations such as GI Jobs and
Recruit Military to connect the military community with CarMax job
opportunities. The company is proud to be recognized as one of FORTUNE
magazine’s 100 Best Companies to Work For® (12 years in a row), and
received Victory Media’s Military Friendly® Employer designation in
2016. Job seekers can apply at http://jobs.carmax.com.

About CarMax

CarMax, a member of the FORTUNE 500 and the S&P 500, and on the FORTUNE
100 Best Companies to Work For® list for 12 consecutive
years, is the nation’s largest retailer of used vehicles. Headquartered
in Richmond, Virginia, CarMax currently operates 158 superstores in 78
markets. The CarMax consumer offer features low, no-haggle prices, a
broad selection of CarMax Quality Certified used vehicles, and superior
customer service. During the 12 months ending February 28, 2015, the
company retailed 582,282 used cars and sold 376,186 wholesale vehicles
at our in-store auctions. For more information, access the CarMax
website at www.carmax.com

Contacts

Media Contact
Lindsey Duke,
CarMax Public Relations, (855) 887-2915
pr@carmax.com,
@CarMax,
facebook.com/CarMax

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