CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. The company purchases, reconditions, and sells used vehicles. It also sells new vehicles under franchise agreements. In addition, the company provides a range of products and services, including the financing of vehicle purchases through its own finance operation and third-party lenders; sale of extended service plans and accessories; appraisal and purchase of vehicles directly from consumers; and vehicle repair services. As of November 13, 2007, it operated 86 used car superstores in 39 markets. The company retailed 337,021 used vehicles and sold 208,959 wholesale vehicles at its in-store auctions, as of February 28, 2007. The company was founded in 1993 and is headquartered in Richmond, Virginia.