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CarMax operates two business segments: CarMax Sales Operations and CarMax Auto Finance. The corporate entity behind the formation of CarMax was Circuit City Stores, Inc. 

CarMax’s business model is based on the “no-haggle” pricing system. This means that all of the cars on the lot are priced at a fixed price, and there is no negotiation involved. This system has been very successful for CarMax, as it has helped to simplify the car buying process and make it more transparent for customers.

In addition to its “no-haggle” pricing system, CarMax also offers a number of other services to its customers, including:

  • Free appraisals: CarMax will appraise your trade-in car for free, even if you don’t buy a car from them.
  • Seven-day return policy: If you’re not happy with your car for any reason, you can return it within seven days for a full refund.
  • Extended warranties: CarMax offers a variety of extended warranties to protect your car’s value.
  • Financing: CarMax can help you finance your car purchase through its CarMax Auto Finance division.

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