Carmax Sustainability Profile
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 31 is higher than 51% 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 2024, CarMax reported total greenhouse gas emissions of approximately 136,393,000 kg CO2e for Scope 1 and 21,503,000 kg CO2e for Scope 2, resulting in a combined total of about 123,896,000 kg CO2e when considering both scopes. This marks a decrease from 2023, where emissions were approximately 141,982,000 kg CO2e for Scope 1 and 47,817,000 kg CO2e for Scope 2, leading to a total of about 172,799,000 kg CO2e. CarMax has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 50% by 2025, using a 2018 baseline. This target reflects a significant commitment to sustainability and aligns with industry standards for climate action. Additionally, the company has long-term goals to achieve an 80% reduction in GHG emissions by 2050 compared to 1990 levels for both Scope 1 and Scope 2 emissions. The emissions data is sourced directly from CarMax, Inc., with no cascaded data from a parent or related organization. The company continues to focus on reducing its carbon footprint while enhancing its environmental responsibility.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 59,103,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 124,917,000 | 000,000,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - |
How Carbon Intensive is Carmax's Industry?
How Carbon Intensive is Carmax's Location?
Carmax's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Carmax has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
