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CarMax Announces Webcast Information for Year End Earnings Release and Upcoming Conference

RICHMOND, Va., Feb. 27, 2007 -- CarMax, Inc. announced today the webcast and/or conference call access information for upcoming events.

March 5, 2007 -- Raymond James Institutional Investors Conference.

CarMax will present at the Raymond James 28th Annual Institutional Investors Conference in Orlando, Florida. The presentation will begin at 4:00 p.m. ET. A live webcast of the presentation will be available on the company's investor information homepage at http://investor.carmax.com/. The webcast will be archived and available for replay through April 4, 2007.

March 29, 2007 -- CarMax Fourth Quarter and Fiscal 2007 Earnings Conference Call.

CarMax will release sales and earnings for the fourth quarter and fiscal year ended February 28, 2007, and will host a conference call for investors at 9:00 a.m. ET. Investors may access the call as follows:

  -- Dial 1-888-298-3261 (international callers dial 1-706-679-7457).  The
     conference ID for both domestic and international callers is 4348025.
  -- A live webcast also will be available at http://investor.carmax.com/ or
     at http://www.streetevents.com/.

A webcast replay of the call will be available on the company's investor information home page beginning at approximately 1:00 p.m. Eastern time on March 29, 2007, through April 28, 2007. A telephone replay also will be available through April 5, 2007, and may be accessed by dialing 1-800-642-1687 (international callers dial 1-706-645-9291). The conference ID for both domestic and international callers is 4348025.

About CarMax

CarMax, a Fortune 500 company, and one of the Fortune 2007 "100 Best Companies to Work For," is the nation's largest retailer of used cars. Headquartered in Richmond, Va., CarMax currently operates 77 used car superstores in 36 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 November 30, 2006, the company retailed 323,570 used cars, which is 94% of the total 342,482 vehicles the company retailed during that period. For more information, access the CarMax website at http://www.carmax.com/.

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