Carmax, Inc. Announces Location Openings

Published: 2026-04-14 14:22:37 ET KMX

Published on 04/14/2026 at 02:22 pm EDT

CarMax, Inc. announced that during the fourth quarter of fiscal 2026, the company opened one new store location in Florence, Kentucky and one stand-alone reconditioning/auction center located in Frederick, Maryland. For fiscal 2027, the company is planning to open four new stores, two stand-alone reconditioning/auction centers, and two stand-alone auction facilities. The company expect capital expenditures of approximately $400 million in fiscal 2027 largely reflecting spending to support future long-term growth in offsite reconditioning and auction facilities, as well as new stores.