CarMax Regional Vice President Recognized as One of the '100 Leading Women in the North American Auto Industry'

RICHMOND, Va., Sept. 26 -- CarMax, Inc. , the nation's largest retailer of used cars, is pleased to announce that Donna Wassel, regional vice president for the company's Atlanta Region, has been selected as one of the "100 Leading Women in the North American Auto Industry" by AUTOMOTIVE NEWS magazine, the leading publication for the auto industry.

"We would like to congratulate Donna for this very deserving honor," said Austin Ligon, president and chief executive officer of CarMax. "CarMax is proud to have Donna and many other talented women working at all levels of the CarMax business."

Ms. Wassel joined CarMax in 1996 as a manager-in-training at the CarMax used car superstore in Norcross, Georgia. Following her training, Ms. Wassel opened the CarMax superstore in Orlando as location general manager. She then returned to the Norcross superstore in the same position. In 1998, Ms. Wassel was promoted to general manager of the CarMax locations in Texas, and in 1999, to regional vice president and general manager of CarMax's Southwest Region. In 2004, Ms. Wassel was named to her current position. She currently oversees 13 CarMax superstores in Georgia, North Carolina, South Carolina, and Tennessee, which employ approximately 1,800 associates.

"I'm very honored to receive this distinguished recognition," said Ms. Wassel. "I'm proud to work for a company whose culture encourages all employees, including women, to achieve their goals and ambitions."

Prior to joining CarMax, Ms. Wassel was employed by PepsiCo and Frito-Lay in various management positions. At PepsiCo, she received numerous awards, including Market Manager of the Year for Taco Bell and Sales Manager of the Year for Frito-Lay.

Ms. Wassel received her B.S. in Food Science from the University of Florida and her M.A. in Management Technology from the University of Alabama- Huntsville.

CarMax is leading the way in opening up auto retailing to a diverse workforce and the company is proud to create an environment that recognizes the value of diversity. Approximately 30 percent of the executives and senior managers at CarMax are women, and nearly 20 percent of CarMax managers and supervisors are women.

About CarMax

CarMax, a FORTUNE 500 company, and one of the FORTUNE 2005 "100 Best Companies to Work For," is the nation's largest retailer of used cars. Headquartered in Richmond, Va., CarMax currently operates 65 used car superstores in 29 markets. CarMax also operates seven new car franchises, all of which are integrated or co-located with its used car superstores. During the twelve month period ended August 31, 2005, the company sold 278,178 used cars, which is 93 percent of the total 299,138 vehicles the company retailed during that period. For more information, access the CarMax website at http://www.carmax.com/.