CarMax to Host Conference Call on Growth Plans

    RICHMOND, Va., March 22 The CarMax Group will
host a conference call on Monday, March 26, 2001, at 10:00 a.m. Eastern time
to discuss the details of its growth plan and provide updated store economics
for its used-car superstore prototypes.
    W. Austin Ligon, president of CarMax, will host the call.  W. Alan
McCollough, president and chief executive officer of Circuit City Stores,
Inc., also will participate.
    The call will be simultaneously Webcast on the CarMax investor Web site at
http://investor.CarMax.com and on the Circuit City investor Web site,
http://investor.CircuitCity.com .  Domestic investors may access the call at
800-857-1849 (access code: CarMax).  International investors may access the
call at 312-470-0177 (access code: CarMax).  A replay of the conference call
will be available beginning March 26, 2001, at approximately 2:00 p.m. Eastern
time and will run through midnight, April 1, 2001.  Domestic investors may
access the recording at 800-597-8362 (no access code required) and
international investors at 402-220-0221 (no access code required). A replay of
the Webcast also will be available on the Web sites noted above or at
http://streetevents.com .

    CarMax is the nation's leading retailer of used cars.  With headquarters
in Richmond, Va., the company operates 40 retail units, including 32 used-car
superstores.  CarMax also operates 22 new-car franchises, most of which are
integrated or co-located with its used-car superstores.  For more information,
access the company's Web site, http://CarMax.com .