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 39 is higher than 83% 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 257,732,000 kg CO2e for Scope 2 and about 70,480 kg CO2e for Scope 3 emissions. Notably, Scope 1 emissions were recorded at zero. The combined emissions for Scope 1 and 2 amounted to approximately 159,359,000 kg CO2e. CarMax has set ambitious climate commitments, aiming to reduce greenhouse gas (GHG) emissions to 1990 levels by 2020 for both Scope 1 and Scope 2 emissions, achieving a 100% reduction. Looking ahead, the company targets an 80% reduction below 1990 levels by 2050 for both scopes. These commitments reflect CarMax's dedication to addressing climate change and reducing its carbon footprint, aligning with industry standards for sustainability and environmental responsibility.
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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.
