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 33 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Carmax's reported carbon emissions
In 2023, CarMax reported total carbon emissions of approximately 159,359,000 kg CO2e, with no emissions recorded under Scope 1. Scope 2 emissions accounted for about 257,732,000 kg CO2e, while Scope 3 emissions were approximately 70,480 kg CO2e. The company has shown a significant increase in Scope 2 emissions compared to previous years, reflecting a shift in energy consumption patterns. In 2022, CarMax's emissions were approximately 172,799,000 kg CO2e, with Scope 1 emissions at about 56,273,000 kg CO2e and Scope 2 emissions at approximately 168,817,000 kg CO2e. The Scope 3 emissions for that year were around 91,140 kg CO2e. CarMax has not disclosed specific reduction targets or initiatives related to carbon emissions, nor have they committed to any science-based targets (SBTi). This lack of formal commitments may reflect broader industry trends where companies are increasingly pressured to establish clear climate action plans. Overall, while CarMax has made strides in reporting its emissions, the absence of reduction targets indicates an opportunity for the company to enhance its climate commitments and align with industry standards for sustainability.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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.
