CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic and imported vehicles; sells vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and provides extended protection plans to customers at the time of sale. In addition, the company offers reconditioning and vehicle repair services; and provides financing alternatives for retail customers across a range of credit spectrum through its CarMax Auto Finance and arrangements with other financial institutions. Further, it sells new vehicles under franchise agreements. The company provides vehicle financing services through its CarMax superstores. As of December 18, 2015, it operated 155 used car stores in 77 markets. The company was founded in 1993 and is headquartered in Richmond, Virginia.