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 16 is higher than 74% 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 no emissions from Scope 1, while Scope 2 emissions accounted for about 257,732,000 kg CO2e. Additionally, Scope 3 emissions were approximately 70,480 kg CO2e. Over the years, CarMax has shown fluctuations in its emissions, with significant Scope 2 emissions peaking in 2022 at about 168,817,000 kg CO2e. From 2018 to 2023, CarMax's emissions have varied, with Scope 1 emissions reaching a high of approximately 78,033,000 kg CO2e in 2019 and Scope 2 emissions peaking in 2023. The company has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for improvement in their climate commitments. Overall, while CarMax has made strides in tracking its emissions, the absence of formal reduction targets suggests that further action may be necessary to align with industry standards for climate accountability and sustainability.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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.
