RICHMOND, VA -- CarMax, Inc. has been named to the 2005 FORTUNE magazine’s 100 Best Companies to Work For list. This is the first time CarMax has been named to the list.

“Many FORTUNE readers will wonder how a company that sells cars, especially used cars, can be a great place to work,” said Austin Ligon, president and chief executive officer of CarMax, Inc. “It’s really pretty simple. By breaking the traditional industry approach and creating a customer-friendly, transparent, high-integrity selling process, we have cracked the code on how to make car buyers happy. The combination of a high- integrity process and happy customers helps us attract great associates who create a great working environment. It’s a virtuous circle.”

The retailer offers consumers a no-hassle, no-haggle car-buying experience. Consumers choose from a large selection of domestic and imported used vehicles. CarMax guarantees the quality of the cars sold, does not sell flood or frame-damaged vehicles, and guarantees a clean title and accurate odometer readings on its cars. All vehicles are thoroughly inspected and reconditioned, and CarMax offers a five-day money-back guarantee and a 30-day limited warranty.