CarMax, Inc. (CarMax) is a holding company and its operations are conducted through its subsidiaries. The Company operates in two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company�s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF. Its CAF segment consists solely of its own finance operation that provides vehicle financing through CarMax superstores. The Company is the retailer of used cars, based on the 526,929 used vehicles it retailed during the fiscal year ended February 28, 2014 (fiscal 2014). As of February 28, 2014, it operated 131 used car superstores in 64 metropolitan markets. In addition, it is a wholesale vehicle auction operator, based on the 342,576 wholesale vehicles it sold through its on-site auctions in fiscal 2014.