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.
+7 vs industry average
Carmax’s score of 37 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Motor Vehicle Manufacturing has above-average carbon intensity
Industry performance
The Motor Vehicle Manufacturing industry has reduced its overall emissions by 8% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Carmax's reported carbon emissions
In 2025, CarMax reported total greenhouse gas emissions of approximately 114,145,000 kg CO2e, comprising Scope 1 emissions of 114,145,000 kg CO2e and no reported Scope 2 emissions. The company has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions by 50% by the end of 2025, using a 2018 baseline. This target reflects a significant commitment to sustainability within the automotive retail sector. CarMax's emissions data shows a trend of increasing emissions over the years, with 2024 emissions at approximately 136,393,000 kg CO2e and 2023 emissions at approximately 141,982,000 kg CO2e. The company has not disclosed any Scope 3 emissions data, which typically includes emissions from the supply chain and product use. In addition to its near-term goals, CarMax has long-term targets to reduce GHG emissions to 80% below 1990 levels by 2050. This commitment aligns with industry standards for climate action and reflects a proactive approach to addressing climate change. Overall, CarMax's emissions reduction initiatives and targets demonstrate a clear commitment to improving its environmental impact and contributing to global climate goals.
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Carmax’s Climate Goals (2030 & 2050)
5 goals2050
80% reduction in Scope 2
by 2050, reduce GHG emissions to 80 percent below 1990 levels.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Carmax
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