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 36 is higher than 61% 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 2024, CarMax reported total greenhouse gas emissions of approximately 136,393,000 kg CO2e for Scope 1 and about 21,503,000 kg CO2e for Scope 2, resulting in a combined total of around 123,896,000 kg CO2e when considering both scopes. This marks a slight decrease from 2023, where emissions were approximately 141,982,000 kg CO2e for Scope 1 and about 47,817,000 kg CO2e for Scope 2, leading to a total of around 172,799,000 kg CO2e. CarMax has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 50% by 2025, using a 2018 baseline. This target reflects a significant commitment to sustainability and aligns with industry standards for climate action. The company is on track to meet this near-term goal, demonstrating proactive measures in its emissions reduction strategy. Historically, CarMax's emissions have fluctuated, with Scope 1 emissions recorded at approximately 103,088,000 kg CO2e in 2022 and 91,650,000 kg CO2e in 2021. The company has not disclosed any Scope 3 emissions data, which often represents a significant portion of total emissions in the automotive sector. Overall, CarMax's climate commitments and emissions data reflect a growing awareness and responsibility towards reducing its carbon footprint, contributing to broader industry efforts to combat climate change.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 59,103,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 124,917,000 | 000,000,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - |
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.
