CarMax 2013 Annual Report Download - page 20

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Item 2. Properties.
We conduct our retail vehicle operations in two basic formats – production and non-production superstores.
Production superstores are those locations at which vehicle reconditioning is performed. Production superstores
have more service bays and require additional space for work-in-process inventory and, therefore, are generally
larger than non-production stores. In determining whether to construct a production or a non-production superstore
on a given site, we take several factors into account, including the anticipated long-term regional reconditioning
needs and the available acreage of the sites in that market. As a result, some superstores that are constructed to
accommodate reconditioning activities may initially be operated as non-production superstores until we expand our
presence in that market. As of February 28, 2013, we operated 68 production superstores and 50 non-production
superstores.
As of February 28, 2013, we operated 57 wholesale auctions, most of which were located at production superstores.
Stores at which auctions are conducted generally have additional space to store wholesale inventory. As of
February 28, 2013, we also operated one new car store, which was located adjacent to our used car superstore in
Laurel, Maryland. Our remaining three new car franchises are operated as part of our used car superstores.
Production superstores are generally 40,000 to 60,000 square feet on 10 to 25 acres, but a few range from 70,000 to
95,000 square feet on 20 to 35 acres. Non-production superstores are generally 10,000 to 25,000 square feet on 4 to
12 acres.
USED CAR SUPERSTORES AS OF FEBRUARY 28, 2013
Total
Alabama 2
Arizona 3
California 16
Colorado 3
Connecticut 2
Florida 13
Georgia 6
Illinois 6
Iowa 1
Indiana 2
Kansas 2
Kentucky 2
Louisiana 1
Maryland 4
Massachusetts 1
Mississippi 1
Missouri 1
N
ebraska 1
N
evada 2
N
ew Mexico 1
N
orth Carolina 8
Ohio 4
Oklahoma 2
Pennsylvania 1
South Carolina 3
Tennessee 6
Texas 12
Utah 1
Virginia 8
Wisconsin 3
Total 118
16