CarMax Named to Training magazine's Top 125

RICHMOND, Va.--(BUSINESS WIRE)--

CarMax, Inc. KMX, the nation's largest retailer of used cars, has been named to Training magazine's Training Top 125 for the seventh straight year. CarMax ranks No. 60 for 2014. Training Top 125 recognizes organizations for providing extraordinary employer-sponsored workforce training and development programs.

Training magazine, the leading business publication for learning and development professionals, annually selects 125 organizations that excel at employee development. These companies are chosen based on a variety of criteria, including the best leadership development, outstanding training initiatives and demonstrable results of training programs.

“Providing strong and relevant training programs is a vital key to our company's success,” said Tom Folliard, president and CEO of CarMax. “As the company grows, we continue to develop training programs to enhance our associates' career opportunities.”

CarMax regularly adds new training and reviews existing material to guarantee that the curriculum meets the needs of associates and the business. The recently introduced Summit Program immerses entry-level managers into leadership development by having them work shoulder-to-shoulder with other managers. Not only does the program teach managers specific skills, it also incorporates nonprofit community service into the workshop. The impact is far reaching – both for CarMax's communities and for the individuals going through the program.

Additionally, CarMax's most comprehensive programs and training tools include:

• Development programs that deliver individualized, targeted training opportunities
• Extensive use of technology to support the needs of the associate, including eLearning, student response systems and video testimonials
• Classroom training that employs hands-on activities combined with real-world application exercises

On average, each CarMax store associate completes more than 60 hours of training per year. Through KMX University, CarMax's learning management system, associates can view position development plans, launch online courses, register for classroom training, print self-paced training workbooks, take exams that automatically register course completions, add self-reported training, and review their own personal training histories.

About CarMax

CarMax, a member of the FORTUNE 500 and the S&P 500, and one of the FORTUNE 2014 “100 Best Companies to Work For,” is the nation's largest retailer of used cars. Headquartered in Richmond, Va., CarMax currently operates 131 used car superstores in 64 markets. The consumer offer features low, no haggle prices, a broad selection of CarMax Quality Certified used cars, and superior customer service. During the twelve months ended February 28, 2013, the company retailed 447,728 used cars and sold 324,779 wholesale vehicles at our in-store auctions. For more information, access the CarMax website at www.carmax.com.