CarMax Earns a Place on Training Magazine's Top 125Company Enters List at No. 47
RICHMOND, Va., Feb. 26 /PRNewswire/ -- CarMax, Inc. , the nation's largest retailer of used cars, has been named to Training magazine's Training Top 125. This was the first year CarMax applied to and placed on the prestigious list. CarMax was one of only five new companies to achieve a top 50 ranking. Training magazine, the training industry's premiere publication, annually selects 125 organizations that excel at associate development. These companies are chosen based on criteria such as best training practices, evaluation methods and outstanding training initiatives. "Providing world-class training and development for our associates continues to be a top priority," said Tom Folliard, president and chief executive officer of CarMax. "As the company grows, we will leverage technology to provide greater development opportunities for our associates, who are the driving force behind our success." Among our most comprehensive training programs: extensive Sales Training that combines traditional classroom and practical training with peer mentoring, a two-week intensive management program called BASE Camp that includes hands-on activities combined with real-world application exercises that provide individuals an opportunity to work as a member of a cross- functional team, and our Culture of Integrity Training, which ensures that all CarMax associates understand the importance of maintaining the highest ethical standards. Training programs are the core developmental tools that establish CarMax's standards and skills for continued success. The average CarMax associate completed nearly 10 online or classroom courses in the past 12 months, averaging 76 hours of training per associate. Over the last year CarMax added nearly 70 new courses to KMX University, the company's online training and development center, and delivered more than one million hours of training. About CarMax CarMax, a FORTUNE 500 company, and one of the FORTUNE 2008 "100 Best Companies to Work For," is the nation's largest retailer of used cars. Headquartered in Richmond, Va., CarMax currently operates 89 used car superstores in 41 markets. The CarMax consumer offer provides our customers the opportunity to shop for vehicles the way they shop for items at other national retailers, and it is structured around four customer benefits: low, no-haggle prices; a broad selection; high quality vehicles; and a customer- friendly sales process. During the twelve months ended February 28, 2007, the company retailed 337,021 used vehicles and sold 208,959 wholesale vehicles at its in-store auctions. For more information, access the CarMax website at www.carmax.com.
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