Stake Purchase • Internet Software and Services

CarMax Invests In Edmunds

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

Investment Context

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.

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

Target Company

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 Overview 1

Investor

CarMax

Richmond, Virginia, United States

Category	Company
Founded	1993
Sector	Automotive
Employees	29,836
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 Context for Investor	#
Overall	1 of 1
Sector: Internet Software and Services	1 of 1
Type: Stake Purchase	1 of 1
State: California	1 of 1
Country: United States	1 of 1
Year: 2020	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.	Sell	-

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.

Sell

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