CarMax Earns Two Workplace Excellence Awards
Company Honored as a Gallup Great Workplace and Makes the Companies That Care Honor Roll RICHMOND, Va., April 4, 2008 /PRNewswire-FirstCall/ -- CarMax, Inc. (NYSE:KMX), the nation's largest retailer of used cars, has received recognition for workplace excellence from two respected organizations, the Gallup Organization and the Center for Companies That Care. CarMax received the 2008 Gallup Great Workplace Award and earned a spot on the 2008 Honor Roll from The Center for Companies That Care. This was the first year CarMax applied to and received recognition from both organizations.
"Receiving these recognitions is a testament to our company culture and commitment to our associates," said Tom Folliard, president and chief executive officer of CarMax. "Our culture was founded on the principle of integrity and going above and beyond for our customers and each other. It's why we continue to be a company where our associates have pride in their work, respect for one another, and value each day they come to work." "The winners of the Gallup Workplace Award have established a new global standard for engaging employees," said Tom Rath, who leads Gallup's Workplace and Leadership Consulting practice. "When compared to the millions of workgroups we have studied around the world, the awardees have worked tirelessly to create an environment that values people."
"Being named to the Honor Roll requires a steadfast commitment to employees and communities and detailed proof that a company adheres to all 10 Characteristics of Companies That Care," said Marci Koblenz, co-founder and president of the Center for Companies That Care. Each Honor Roll applicant completes an extensive application that is reviewed by an independent panel of business professionals.
About CarMax CarMax, a FORTUNE 500 company, and one of the FORTUNE 2008 "100 Best Companies to Work For," is the nation's largest retailer of used cars. Headquartered in Richmond, Va., CarMax currently operates 90 used car superstores in 41 markets. The CarMax consumer offer provides our customers the opportunity to shop for vehicles the way they shop for items at other national retailers, and it is structured around four customer benefits: low, no-haggle prices; a broad selection; high quality vehicles; and a customer-friendly sales process. During the fiscal year ended February 29, 2008, we retailed 377,244 used cars and sold 222,406 wholesale vehicles at our in-store auctions. For more information, access the CarMax website at http://www.carmax.com/. About the Gallup Great Workplace Award The Gallup Great Workplace Award recognizes the best-performing workforces in the world. Applicants' results are compared across a workplace research database composed of millions of work teams in more than 100 countries. A panel of workplace experts assesses the applicants' results to select the winners. About The Center for Companies That Care Center for Companies That Care is a national, not-for-profit organization dedicated to enhancing the well-being of employees and communities by encouraging employers to integrate the 10 Characteristics of Companies That Care into their daily business practices. For more about the Center for Companies That Care, 2007 Honor Roll recipients visit http://www.companies-that-care.org/ or call (312) 286-1547. First Call Analyst: Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20011214/CARMAXLOGO CONTACT: Media, Lisa Van Riper, Assistant Vice President, Public Web site: http://www.carmax.com/
2008-04-04 15:29:23 0328620 PRNEWSWIRE
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