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CarMax Promotes Thomas J. Folliard to Senior VP, Store Operations

28 July 2000

CarMax Promotes Thomas J. Folliard to Senior VP, Store Operations

    RICHMOND, Va. - CarMax Auto Superstores, Inc. today announced that Thomas J. 
Folliard, 35, has been named senior vice president, store operations.

    In this newly created position, Folliard is responsible for all store
operating functions, including sales and general management, service
operations and merchandising.  Folliard joined CarMax in 1992 as a founding
member of the used-car superstore concept development team and was a major
participant in designing and launching the revolutionary CarMax concept in
September 1993.

    Prior to his promotion, Folliard served as vice president, merchandising.
He was responsible for building CarMax's unique auto purchasing and inventory
management team.CarMax is the nation's leading specialty retailer of used cars
and a rapidly growing new-car retailer.  With headquarters in Richmond, Va.,
CarMax currently operates 40 locations.  For more information, access the
CarMax Web site at carmax.com.

    CarMax is a subsidiary of Circuit City Stores, Inc.  Circuit City is a 
leading national retailer of brand-name consumer electronics, personal computers,
major appliances and entertainment software.