Public Profile

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.

31

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.

25

Industry Benchmark

Carmax's score of 31 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.

78%

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Carmax's reported carbon emissions

In 2023, CarMax reported total greenhouse gas emissions of approximately 159,359,000 kg CO2e, which includes 103,088,000 kg CO2e from Scope 1 and 56,271,000 kg CO2e from Scope 2 emissions. This represents a significant increase in emissions compared to 2022, where total emissions were about 172,799,000 kg CO2e, with Scope 1 at 141,982,000 kg CO2e and Scope 2 at 47,817,000 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 proactive approach to mitigating climate impact, aligning with industry standards for sustainability. Additionally, the company has long-term goals to achieve an 80% reduction in emissions below 1990 levels by 2050. These commitments highlight CarMax's dedication to addressing climate change and reducing its carbon footprint, contributing to broader industry efforts towards sustainability and environmental responsibility.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

201820192020202120222023
Scope 1
59,103,000
00,000,000
00,000,000
00,000,000
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
-
-
-
-
-
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Carmax's primary industry is Motor vehicles, trailers and semi-trailers (34), which is low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Carmax is in US, which has a low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers