National Press Release

RICHMOND, Va., June 30 /PRNewswire/ -- CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, has been named by IDG's Computerworld Magazine as one of the 100 Best Places to Work in Information Technology (IT) in 2008. This was the first year CarMax applied to and placed on the prestigious list.

The Best Places to Work in Information Technology (IT) list is an annual ranking of the top 100 work environments for technology professionals compiled by IDG's Computerworld Magazine, the "Voice of IT Management." The list is compiled based on a comprehensive questionnaire regarding company offerings in many categories, such as benefits, diversity, career development, training and retention. In addition, Computerworld conducts extensive surveys of IT workers with responses factoring heavily in determining the rankings.

"Our unique culture includes a commitment to developing our associates by offering exceptional training and recognition programs," said Richard Smith, senior vice president and chief information officer of CarMax. "The Certified CarMax Analyst (CCA) program is one of our in-house career development opportunities. This training focuses on three areas of growth: business processes, technical skills and leadership traits. Almost 20% of our IT associates have obtained their CCA designation and this helps them bring a robust set of skills to their teams."

The CarMax IT department also conducts the CarMax Training Academy, a training program for recent college graduates who are just beginning their IT careers. Newly hired associates undergo three months of technical training along with a mentoring program that provides a structured development path from college to practical business skills. In addition, the CarMax CarBucks program allows IT associates to recognize their peers for exceptional service. The IT department's commitment to the development and recognition of associates leads to a high retention rate; 90 percent of the IT leadership has been with CarMax for more than five years and 77 percent have been with CarMax for more than 10 years.

About CarMax

CarMax, a FORTUNE 500 company, and one of the FORTUNE 2008 "100 Best Companies to Work For," is the nation's largest retailer of used cars. Headquartered in Richmond, Va., CarMax currently operates 97 used car superstores in 45 markets. The CarMax consumer offer provides our customers the opportunity to shop for vehicles the way they shop for items at other national retailers, and it is structured around four customer benefits: low, no-haggle prices; a broad selection; high quality vehicles; and a customer-friendly sales process. During the fiscal year ended February 29, 2008, we retailed 377,244 used cars and sold 222,406 wholesale vehicles at our in-store auctions. For more information, access the CarMax website at http://www.carmax.com.

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SOURCE CarMax, Inc.