CarMax Inc

CarMax operates a chain of ~260 used-car dealerships across the US, making it the country's largest used-vehicle retailer. The core business is buying and reselling used cars at no-haggle prices to individual consumers. Revenue comes from three main sources: retail used-car sales (~80% of revenue), wholesale vehicle auctions where it sells cars to dealers (~17%), and a smaller slice from extended warranties and repair services. CarMax also runs its own auto financing arm (CarMax Auto Finance), which earns interest income by originating loans to retail customers. Customers are everyday car buyers; dealers are the buyers at its wholesale auctions.