Conroe, Texas — According to state and local development sources, CarMax plans to invest $18,000,000.00 to build out a offsite production and auction facility. The site is a little over 43 acres and the total building size is just over 79,000 sf. of new space in Conroe, TX. The company plans to occupy the new space at 3920 Pollok Drive in Conroe, on or about July 1, 2024. About CarMax: CarMax, the nation’s largest retailer of used autos, revolutionized the automotive retail industry by driving integrity, honesty and transparency in every interaction. The company offers a truly personalized experience with the option for customers to do as much, or as little, online and in-store as they want. During the fiscal year ended February 28, 2023, CarMax sold approximately 810,000 used vehicles and 590,000 wholesale vehicles at its auctions. In addition, CarMax Auto Finance originated nearly $9 billion in receivables during fiscal 2023, adding to its nearly $17 billion portfolio. CarMax has over 240 stores, more than 30,000 associates, and is proud to have been recognized for 19 consecutive years as one of the Fortune 100 Best Companies to Work For®. CarMax is committed to making a positive impact on people, communities and the environment. Learn more in the 2023 Responsibility Report. 

To learn more about CarMax, visit http://www.carmax.com/

Company Contact:
Rudy Martinez, Chief Executive Officer
https://www.linkedin.com/in/rudy-martinez-b9b651168/
800-519-1511

SOURCE: http://www.intelligence360.io
Copyright (c) 2023 SI360 Inc. All rights reserved.