RICHMOND, Va.--CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, announced today that the CarMax Foundation has awarded Driver's Edge a $155,000 grant for its national young driver education program. Driver's Edge is a nonprofit organization developed to help address the growing number of youth-related automobile collisions and fatalities in the United States. In the previous year, Driver's Edge received a $100,000 grant from the Foundation.

"The grant from the CarMax Foundation will help our organization continue to provide young drivers with potentially life-saving information," said Jeff Payne, president, chief executive officer, and founder of Driver's Edge. "Our program is designed to teach young drivers better skills and driving behavior. We believe it is essential to provide young drivers with a hands-on approach to safety and collision avoidance techniques in order to better prepare them for the real-life driving conditions they will face every day."

According to the National Highway Traffic Safety Administration, in 2004, more than 5,890 young drivers aged 16 to 20 were killed in motor vehicle collisions; another 456,000 were injured. Motor vehicle collisions are the leading cause of death for this age group, outnumbering the combined deaths resulting from drug use, guns, and other violence.

"The CarMax Foundation promotes automobile passenger safety awareness and is committed to funding programs that show measurable results and benefits to the community," said Joe Kunkel, president of the CarMax Foundation and senior vice president of marketing and strategy for CarMax. "We are proud to be a part of this outstanding program that is working to make a difference in youth driving safety."

To date, more than 22,000 young people have attended a Driver's Edge program. In 2005, Driver's Edge visited 12 cities nationally and conducted continuing programs in Las Vegas and Reno, Nevada. Cities and dates for the 2006 National Tour are available on www.driversedge.org.

About the CarMax Foundation

The CarMax Foundation's National Funding Program assists nonprofit organizations that address or improve automobile safety for families and children. The Foundation is supported by CarMax. CarMax, a FORTUNE 500 company and one of the FORTUNE 2006 "100 Best Companies to Work For," is the nation's largest retailer of used cars. Headquartered in Richmond, Va., CarMax currently operates 70 used car superstores in 33 markets. CarMax also operates seven new car franchises, all of which are integrated or co-located with its used car superstores. For more information on the CarMax Foundation, go to www.carmax.com/inc/companyinfo/foundation.pdf.

About Driver's Edge

Las Vegas-based Driver's Edge is a Nevada 501(c)(3) non-profit organization. Driver's Edge offers a free educational program for young drivers aged 15 to 21, teaching real life emergency avoidance and response techniques and overall driver safety. This innovative program is taught on an ongoing basis in Las Vegas, Nev., with annual national tours visiting multiple U.S. cities each year. The program is funded entirely by corporate sponsorship, public grants, and charitable donations. Please visit www.driversedge.org for more information.

Driver's Edge Media Contacts:
Jeff Payne, Chief Executive Officer, (702) 896-6482
Steve Tepper, Chief Operating Officer, (310) 850-7750

CarMax Media Contacts:
Lisa Van Riper, Assistant Vice President, Public Affairs, (804) 935-4594
Trina H. Lee, Public Relations Manager, (804) 747-0422 ext. 4197

CarMax Investor Relations Contacts:
Dandy Barrett, Assistant Vice President, Investor Relations, (804) 935-4591
Celeste Gunter, Manager, Investor Relations, (804) 935-4597

CarMax Foundation, The

CarMax Foundation, The

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