CarMax

CIO Celebrates Innovations in Business Technology with 2024 CIO 100 & Hall of Fame Awards

Retrieved on: 
Monday, March 18, 2024
CIO, Hewlett Packard Enterprise, KPMG, Organization, EVP, Digital, EXL, CarMax, IDC, RingCentral, Mentorship, OutSystems, System, PwC, CO, Publicis Sapient, KPMG LLP, Host, Hall

Boston, March 18, 2024 (GLOBE NEWSWIRE) -- Foundry’s CIO – the executive-level IT media brand providing insight into business technology leadership – is pleased to recognize the 2024 CIO 100 award winners and Hall of Fame inductees.

Key Points: 
  • Boston, March 18, 2024 (GLOBE NEWSWIRE) -- Foundry’s CIO – the executive-level IT media brand providing insight into business technology leadership – is pleased to recognize the 2024 CIO 100 award winners and Hall of Fame inductees.
  • “The CIO 100 Symposium & Awards continues a tradition of over 25 years of the highest quality content for IT leaders and their teams.
  • In addition to celebrating 100 organizations during the dinner and awards ceremony, I am thrilled to feature many of these IT leaders as speakers,” stated Elizabeth Cutler, Content Director, CIO 100 Symposium & Awards.
  • 2024 CIO 100 Hall of Fame Inductees:
    Lookman Fazal, Chief Information & Digital Officer, NJ TRANSIT
    Shamim Mohammad, EVP, Chief Information & Technology Officer, CarMax
    2024 CIO 100 Award Winners:

Gotham FC Announces CarMax as Jersey-Front and Marquee Partner

Retrieved on: 
Tuesday, February 27, 2024
Woman, San Diego Wave FC, Sport, Red Bull Arena, CarMax, WNBA, Athlete, Community, UKG, NWSL, NJ/NY Gotham FC, HERE

The new multi-year agreement cements an increased commitment to the club while also increasing brand visibility for CarMax through prominent logo placement on the front of Gotham FC jerseys.

Key Points: 
  • The new multi-year agreement cements an increased commitment to the club while also increasing brand visibility for CarMax through prominent logo placement on the front of Gotham FC jerseys.
  • Continuing elements of the long-standing relationship include CarMax as the presenting partner of the Gotham FC Regular Season, presenting partner of the Gotham FC Player of the Match, and a custom content series that takes fans behind-the-scenes.
  • Gotham FC, CarMax, and the New York Liberty also hosted a “Pass Her The Torch” basketball and soccer clinic for the local community this February.
  • “With CarMax, our Marquee Partner is already deeply invested in women's sports,” said Nan Vogel, Gotham FC Senior Vice President, Partnerships, In-Game Experience, and Community.

Jones Street Investment Partners Expands Footprint in Virginia with Acquisition of Multifamily Community in Richmond

Retrieved on: 
Friday, January 26, 2024
Residential Building & Real Estate, Construction & Property, REIT, Population growth, COE, Niche (company), Housing, Atmosphere of Earth, Walking, Capital One, CoStar Group, Acquisition, Jones Street, Dominion Energy, Capital Square, LEGO, CarMax

“We are excited to add another ideally located Richmond-area asset to our portfolio with the acquisition of Summit at Bon Air,” said Matt Frazier, founder and COE of Jones Street.

Key Points: 
  • “We are excited to add another ideally located Richmond-area asset to our portfolio with the acquisition of Summit at Bon Air,” said Matt Frazier, founder and COE of Jones Street.
  • Jones Street plans to upgrade the remaining 77 units to provide an enhanced living experience.
  • Improvements have also been made to the property’s amenities, including renovations to the parking lot, fencing, grilling stations, landscape enhancements, and signage.
  • Bon Air has an A+ rating from Niche.com as well as an A rating in the “Good for Families” category.

Haig Partners Serves as Exclusive Sell-Side Advisor on the Sale of Shockley Honda

Retrieved on: 
Wednesday, January 24, 2024
Professional Services, Retail, Automotive, General Automotive, Specialty, Finance, Consulting, Sibling, Family, Toyota, Metropolitan area, BMW, Partner, Sale, Consumer, Acquisition, Mercedes-Benz, McGeorge, Mid-Atlantic (United States), CarMax, Pleasure, Automotive industry

Haig Partners LLC , the leading buy-sell advisory firm to auto, heavy truck and RV dealers in the U.S., served as the exclusive sell-side advisor to the owners of Shockley Honda on its sale to Chris Ourisman and Ourisman Automotive Group.

Key Points: 
  • Haig Partners LLC , the leading buy-sell advisory firm to auto, heavy truck and RV dealers in the U.S., served as the exclusive sell-side advisor to the owners of Shockley Honda on its sale to Chris Ourisman and Ourisman Automotive Group.
  • Shockley Honda, located in Frederick, MD, was owned by siblings Marisa Shockley and Mike Shockley.
  • Shockley Honda first opened for business in 1973, over 50 years ago.
  • The founder, Mr. Alfred P. Shockley, proudly turned day-to-day leadership over to his daughter and son in 1994.

CarMax Introduces its First All-Electric Semi-Truck into Logistics Fleet

Retrieved on: 
Tuesday, December 12, 2023
Carbon footprint, Travel, Wind, LED, Electricity, ZEV, Penske Truck Leasing, Penske Corporation, Calendar, Logistics, Transport, CarMax, Carbon, Freightliner, Green Power Partnership, Renewable energy

CarMax is testing the all-electric semi-truck in real-world conditions and its Stockton, California store will serve as the region's hub for fast-charging the vehicle with a Level 3 charging station.

Key Points: 
  • CarMax is testing the all-electric semi-truck in real-world conditions and its Stockton, California store will serve as the region's hub for fast-charging the vehicle with a Level 3 charging station.
  • “We are excited to test the efficiencies of the all-electric semi-truck within our transportation fleet and to see how this vehicle can support our overall sustainability efforts,” said Matt Aman, vice president of Logistics at CarMax.
  • As CarMax strives to achieve its emissions goals, the company is working closely with its partners and providers to explore technologies that support sustainability efforts.
  • For more information on CarMax and its commitment to reducing its carbon footprint, visit https://socialresponsibility.carmax.com/ .

UVeye Partners with Hypertec to Mass-Produce AI Vehicle Inspection Systems in North America

Retrieved on: 
Monday, December 4, 2023
Atlas, Partnership, Volvo, Helios, General Motors, Static pressure, Engineering, Entrepreneurship, CarMax, CES, Intelligence, Renewable energy

Industry giants such as General Motors Co., Volvo Cars, and renowned used car retailer CarMax, are all part of this dynamic landscape.

Key Points: 
  • Industry giants such as General Motors Co., Volvo Cars, and renowned used car retailer CarMax, are all part of this dynamic landscape.
  • A joint team of UVeye and Hypertec engineering and technical experts will be formed to ensure seamless installation, servicing, and customer training for the new systems.
  • “Our drive-through inspection systems have consistently demonstrated exceptional performance, detecting 96 percent of existing vehicle problems within seconds, in contrast to less than 25 percent accuracy for traditional manual checks.
  • Simon Ahdoot, President of Hardware Technology Solutions at Hypertec, highlighted the perfect synergy in this partnership of innovators creating value."

MIT Sloan CIO Symposium Announces 2024 Theme The Goldilocks Paradox: Navigating Extremes in Your Digital Strategy

Retrieved on: 
Tuesday, December 12, 2023
Sale, Seating assignment, Organization, MIT, Operational technology, Digital, Lunch, Learning, Government, CDO, CIO, Adewale Adeyipo, Symposium, Ciso, Management, Adobe, Rackspace Technology, CarMax, Faculty, Microsoft, Sysco

CAMBRIDGE, Mass., Dec. 12, 2023 /PRNewswire/ -- The MIT Sloan CIO Symposium announced today that registration is now open for the 2024 MIT Sloan CIO Symposium. The theme for the event is The Goldilocks Paradox: Navigating Extremes in Your Digital Strategy. The event will be held at the Royal Sonesta Hotel in Cambridge, Massachusetts on May 14, 2024.

Key Points: 
  • Registration now open for the nation's premier CIO conference on May 14, 2024 with Very Early Bird tickets now available
    CAMBRIDGE, Mass., Dec. 12, 2023 /PRNewswire/ -- The MIT Sloan CIO Symposium announced today that registration is now open for the 2024 MIT Sloan CIO Symposium.
  • The theme for the event is The Goldilocks Paradox: Navigating Extremes in Your Digital Strategy.
  • The event will be held at the Royal Sonesta Hotel in Cambridge, Massachusetts on May 14, 2024.
  • This year, for the first time ever, the day before the CIO Symposium will be packed with new additional opportunities to engage with the MIT Sloan CIO Symposium community.

UVeye Partners with Hypertec to Mass-produce AI Vehicle Inspection Systems in North America

Retrieved on: 
Monday, December 4, 2023
Static pressure, CES, Engineering, Entrepreneurship, CarMax, General Motors, Intelligence, Partnership, Volvo, Atlas, Renewable energy, Amazon

INDIANAPOLIS and MONTREAL , Dec. 4, 2023 /PRNewswire-PRWeb/ -- UVeye, a leading technology company specializing in computer vision and artificial intelligence for the development of automated drive-through inspection systems for vehicles, is pleased to announce its strategic partnership with Hypertec, a global leader in state-of-the-art sustainable technology solutions.

Key Points: 
  • "Hypertec and UVeye share a longstanding track record in innovative operational excellence.
  • UVeye is integrating computer vision and AI—powered by Hypertec—to automate rapid detection of existing vehicle problems."
  • Industry giants such as General Motors Co., Volvo Cars, and renowned used car retailer CarMax, are all part of this dynamic landscape.
  • A joint team of UVeye and Hypertec engineering and technical experts will be formed to ensure seamless installation, servicing, and customer training for the new systems.

Reltio Wins Multiple TrustRadius Awards from Positive Customer Reviews

Retrieved on: 
Wednesday, November 8, 2023
Internet, Data Management, Technology, Artificial Intelligence, Software, AstraZeneca, MDM, Xerox, Marketing, CarMax, Cryptocurrency, Takeda, Pfizer

Reltio® , an industry-leading data unification and management company, has earned top honors in the 2023 TrustRadius Awards.

Key Points: 
  • Reltio® , an industry-leading data unification and management company, has earned top honors in the 2023 TrustRadius Awards.
  • Winners of the 2023 Best of Awards are chosen based on user feedback data about product attributes and solutions most important to their business needs.
  • TrustRadius awards are bestowed based on “genuine, positive feedback from real customers," said Vinay Bhagat, TrustRadius Founder, and CEO.
  • The goal of the TrustRadius awards is to show why certain products are preferred, so companies may make well-informed purchase decisions to better achieve their goals.

CarMax Celebrates 30-Year Anniversary by Ringing the NYSE Closing Bell October 10

Retrieved on: 
Tuesday, October 10, 2023
NYSE, Donahue, Tune, EDT, CarMax

NEW YORK, New York, Oct. 10, 2023 (GLOBE NEWSWIRE) -- CarMax , Inc. (NYSE: KMX), the nation’s largest retailer of used cars, celebrates 30 years of revolutionizing the used car industry by ringing the Closing Bell® at the New York Stock Exchange today, October 10, 2023.

Key Points: 
  • NEW YORK, New York, Oct. 10, 2023 (GLOBE NEWSWIRE) -- CarMax , Inc. (NYSE: KMX), the nation’s largest retailer of used cars, celebrates 30 years of revolutionizing the used car industry by ringing the Closing Bell® at the New York Stock Exchange today, October 10, 2023.
  • To honor the occasion, Bill Nash, President and CEO and Laura Donahue, VP Corporate Social Responsibility and a founding CarMax associate, will ring The Closing Bell®.
  • Nash and Donahue will be joined by several other founding associates and members of CarMax’s senior leadership team.
  • In addition, CarMax Auto Finance, which provides financing solely to customers buying retail vehicles from CarMax, has become one of the largest providers of used vehicle financing.