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Investment Summary

CarMax Invests In Edmunds

On January 29, 2020, CarMax invested in internet software and services company Edmunds

Investment Highlights
  • This is CarMax’s 1st transaction in the Internet Software and Services sector.
  • This is CarMax’s 1st transaction in the United States.
  • This is CarMax’s 1st transaction in California.

Investment Summary
Date 2020-01-29
Target Edmunds
Sector Internet Software and Services
Investor(s) CarMax
Deal Type Stake Purchase

Target

Edmunds

Santa Monica, California, United States
Edmunds is a web-based portal for consumers to research new and used vehicles. Edmunds guides car shoppers online from research to purchase. With in-depth reviews of every new vehicle, shopping tips from an in-house team of experts, plus a wealth of consumer and automotive market insights. Edmunds was founded in 1966 and is based in Santa Monica, California.

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Investor(S) 1

Investor

CarMax

Richmond, Virginia, United States
Category Company
Founded 1993
Sector Automotive
Employees29,836
Revenue 26.5B USD (2024)
DESCRIPTION

CarMax is a retailer of used vehicles. The CarMax consumer offer features low, no-haggle prices, a broad selection of CarMax Quality Certified used vehicles, and superior customer service. CarMax was founded in 1993 and is headquartered in Richmond, Virginia.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-19 CarMax Laurel Toyota

Laurel, Maryland, United States

CarMax Laurel Toyota is a dealer of new & used Toyotas that offers great prices, rebates, parts, and service for new and used Toyota cars, vans, and SUVs. CarMax Laurel Toyota is based in Laurel, Maryland.

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