CarMax (KMX) to Acquire Remaining Stake in Edmunds

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CarMax to Acquire Remaining Stake in Edmunds

April 1, 2021 6:50 AM EDT

Transaction enhances digital capabilities and further strengthens CarMaxs role and reach across the used auto ecosystem while adding exceptional technology and creative talent. Edmunds to continue to operate independently and will remain focused on delivering confidence to consumers and excellent value to its dealer and OEM clients. Advances CarMaxs strategy of becoming the largest online buyer of used autos from consumers.

RICHMOND, Va.--(BUSINESS WIRE)-- CarMax, Inc. (NYSE: KMX), the nations... More