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 26 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Carmax's reported carbon emissions
In 2023, CarMax reported total carbon emissions of approximately 159,359,000 kg CO2e, with Scope 1 emissions at 0 kg CO2e and Scope 2 emissions at about 257,732,000 kg CO2e. The company also recorded Scope 3 emissions of approximately 70,480 kg CO2e, primarily from purchased goods and services. Over the years, CarMax has shown fluctuations in its emissions. For instance, in 2022, the total emissions were about 172,799,000 kg CO2e, with Scope 1 at approximately 56,273,000 kg CO2e and Scope 2 at about 168,817,000 kg CO2e. In 2021, the total emissions were around 171,267,000 kg CO2e, with Scope 1 emissions of approximately 70,872,000 kg CO2e and Scope 2 emissions at about 70,871,000 kg CO2e. Despite these figures, CarMax has not disclosed specific reduction targets or initiatives aimed at decreasing its carbon footprint. The absence of documented reduction targets suggests that while the company is aware of its emissions, it may not have formalised commitments to reduce them in line with industry standards or climate pledges. Overall, CarMax's emissions data reflects a significant reliance on Scope 2 emissions, indicating a potential area for improvement in energy efficiency and sustainability practices.
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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 committed to any reduction initiatives 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.
