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On average, a CarMax location employs 40 sales associates. Each car goes through a thorough 125-point inspection process, beyond any state-required inspections, and includes a 90-day warranty, three days to change the financing for free, and a 30-day money-back guarantee. [10]
CarMax auto superstore in Raleigh, North Carolina. CarMax is a used car auto superstore concept developed in 1991 at Circuit City by Austin Ligon, then Circuit City's Senior VP of Planning, and Rick Sharp, then Circuit City CEO. The goal of CarMax was to revolutionize used car retailing through a combination of large selection (400+ used cars ...
St. John's College. UVIMCO. Gazelle. Redfin. Rev.com. William Austin Ligon (born ca. 1951) is the co-founder and retired CEO of CarMax. He retired in June 2006, and is now a private angel-stage investor. Among his recent investments are Gazelle, Redfin, Rev.com, Car Trade (India), Eneza Education ( Kenya) and Tazza Kitchen.
In its fiscal 2025 first quarter, CarMax reported earnings of $0.97 per share, down 34% year over year, though last year's figure benefited from a $0.28 per share one-time legal settlement. On an ...
Beepi versus Carmax. ... Beepi was a full-service platform promising rigorous inspections on cars, a 10-day no-questions return policy for a purchased car and, for sellers, a promise that if one ...
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The analyst is optimistic about CarMax’s ability to take an additional share in the used vehicle market, potentially at a faster pace as the industry shifts from offline to online.
The devices come with a 90-day warranty, which covers defects, in addition to Best Buy’s standard 15-day return policy. Shop refurbished at Best Buy. Latest Stories. Engadget.