Carmax
CarMax, Inc., a leading player in the automotive retail industry, is headquartered in the United States. Founded in 1993, CarMax revolutionised the car-buying experience by introducing a no-haggle pricing model, making it easier for consumers to purchase used vehicles. With a strong presence across major operational regions, including the East Coast and the South, CarMax operates over 200 locations nationwide. The company offers a wide range of services, including vehicle sales, financing, and trade-ins, all underpinned by a commitment to customer satisfaction. CarMax's unique approach to transparency and quality assurance has positioned it as a trusted name in the market. Notable achievements include being recognised as one of the Fortune 500 companies, reflecting its significant impact and success in the automotive sector.
DitchCarbon Score
How does Carmax's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Motor Vehicle Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Carmax's score of 33 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Carmax's reported carbon emissions
In 2023, CarMax reported total carbon emissions of approximately 159,359,000 kg CO2e, with no emissions recorded under Scope 1. Scope 2 emissions accounted for about 257,732,000 kg CO2e, while Scope 3 emissions were approximately 70,480 kg CO2e. This marks a significant increase in Scope 2 emissions compared to previous years, reflecting the company's growing operations. In 2022, CarMax's total emissions were about 172,799,000 kg CO2e, with Scope 1 emissions at approximately 56,273,000 kg CO2e and Scope 2 emissions at around 168,817,000 kg CO2e. The company also reported Scope 3 emissions of about 91,140 kg CO2e, indicating a comprehensive approach to tracking its carbon footprint. CarMax has not disclosed specific reduction targets or initiatives aimed at decreasing its carbon emissions. However, the company is actively monitoring its emissions across Scopes 1, 2, and 3, which is essential for understanding its overall environmental impact. As a leading retailer in the automotive sector, CarMax's commitment to transparency in emissions reporting aligns with industry standards and reflects a growing awareness of climate responsibilities.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 59,103,000 | 00,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | - |
| Scope 2 | 124,917,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 00,000 | 000,000 | 00,000 | 00,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Carmax is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
