CarMax to Host Conference Call on March 6

RICHMOND, Va., March 4 -- CarMax, Inc. announced that it will host a conference call for investors on March 6, 2003, at 10:00 a.m. Eastern.

Austin Ligon, president and chief executive officer, will discuss annual and fourth quarter sales results for the fiscal year and fourth quarter ended February 28, 2003. These sales will be reported before the market opens on March 6, 2003.

Domestic investors may access the call at 1-888-810-3139 and international investors at 1-630-395-0357. The pass code for the call is "CarMax."

A live Web cast of the call will be available on the company's investor information home page at http://investor.carmax.com/ or at http://www.streetevents.com/ . A replay of the call will be available beginning at approximately 2:00 p.m. Eastern on March 6 and will run through 5:00 p.m. Eastern on March 13, 2003. Domestic investors may access the recording at 1-800-873-2140 and international investors at 1-402-220-4756. No pass code is required.

A replay of the call will also be available on the CarMax investor information home page or at http://www.streetevents.com/ .

CarMax is the nation's leading specialty retailer of used cars. With headquarters in Richmond, Va., CarMax operates 40 used car superstores in 18 markets. CarMax also operates 17 new car franchises, 15 of which are integrated or co-located with its used car superstores. During the 12 months ended with CarMax's third quarter on November 30, 2002, the company sold 185,300 used vehicles, which is 89 percent of the total 207,500 vehicles the company sold during that period. For more information, access the CarMax Web site at http://www.carmax.com/ .

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