In this article, we will see Carmax Careers their job opportunities and Benefits.
Introduction
CarMax is an American-based new and used car retail company founded 27 years ago, in September 1993, in Richmond, Virginia, United States. As per the record of May 2021, CarMax has opened in 41 states, over 225 locations with 27,000 + associates in the United States.
Carmax(KMX) stock key points
Key Points
PREVIOUS CLOSE- 124.24
PREVIOUS OPEN- 124.00
DAY RANGE OF THE COMPANY – 123.12 x 124.90
VOLUME OF THE COMPANY – 514,671
MARKET CAP- $20.33B
P/E RATIO (TTM)- 17.55
FORWARD P/E- 18.08
DILUTED EPS (TTM)- 7.11
DIVIDENDS PER SHARE- N/A
DIVIDEND YIELD- N/A
EX-DIVIDEND DATE- N/A
Valuation Measures
P/E RATIO (TTM) – 17.55
FORWARD P/E- 18.08
PRICE TO SALES (TTM)- 0.83
PRICE TO BOOK VALUE (TTM)- 4.32
PRICE TO TANGIBLE BOOK VALUE (TTM)- 4.32
TOTAL ENTERPRISE VALUE TO EBIT (TTM)- 22.44
TOTAL ENTERPRISE VALUE TO EBITDA (TTM)- 16.00
TOTAL ENTERPRISE VALUE TO TOTAL REVENUE (TTM)- 1.47
CarMax Ranking
- The CarMax ranked #138 for the Best Employers for Women 2021
- For the Best Employers for New Grads, CarMax ranked #186 in 2021
- For the Global 2000, 2021, CarMax ranked #624.
- Ranked #862 for the Profit 2021
- Ranked #518 for the Sales 2021
- Ranked #1362 for the Assets 2021
- Ranked #875 for the Market value 2021
- The CarMax ranked #160 for America’s Best Employers By State 2020
- The CarMax in 2019 ranked #192 for the World’s Best Employers (Later Dropped off in 2020)
- The CarMax ranked #278 for America’s Best Employers in 2019 ( Later Dropped off in 2020)
- For the Best Employers for Diversity 2019, CarMax ranked #248. ( Later Dropped off in 2020)
- In 2018, CarMax became America’s Largest Public Company.
How to get a job at CarMax
CarMax has become the largest retail company for the used cars in the United States and spread over 25 states. To keep up with the pace, the company hires new employees to maintain the ideal staffing level.
The job seekers who love to work with automobiles or cars doing a job at CarMax can be a great fit.
Each dealership individually hires its staff by having a standardized interview process. Candidates go through skill tests, assessment tests, access the experience and personal traits of the candidate. The candidate either goes through many faces to face or phone/Video call interviews. The interview process completes within a single day. The job interview for the sales and management department goes through a skill test by doing Onsight testing.
Let us see how the complete process goes from start to applying for the form to get a job.
A career at CarMax
Let us see some facts about CarMax like Jobs requirement and career information.
Today CarMax is in more than 140 locations over the United States. The automobile car dealing company wants enthusiastic, multi-talented, and customer-oriented employees. A part-time job at CarMax could be the best option for job seekers to earn and build careers.
Minimum age limit to work at CarMax
To work at CarMax, you need to be 18 years old or more.
A working hour at CarMax
CarMax has a 12 hour working hour apart from the weekend.
Mon to Fri: 11:00am-9:00pm
Sat: 9:00am-9:00pm
Sun: 12:00pm-7:00pm
How much time does it take to get hired at CarMax?
It takes at least one to two weeks to get selected at CarMax.
Requirement
- They must be optimistic and self-motivated.
- Must have a valid driving license.
- Good communicator
- Multi-talented
- Should be able to adapt to all types of weather
- Teamwork spirit
- Flexible to work on weekends and doing overtime.
- Passionate about the innovation
- Must have respect, integrity, care, and friendly nature.
Available job positions at CarMax
There is various job position where you can apply according to your desire. First, let us see the job positions available at CarMax.
They are:
Sales Consultant, Customer Service Representative, Internal Auditor, Parts Manager, Service Consultant, Cosmetic Supervisor, Reconditioning Production Manager, Solution Canter Specialist, Buyer, Purchasing Manager, Sales Manager General Store Manager, Project Coordinator, Security Analyst, Service Manager Administrative Servicing Clerk, Loss Prevention Officer, Application Architect, Operations Manager, Marketing Research Manager, Relations Manager, Assistant Store Manager.
CarMax Job opportunity
CarMax is the largest used car retailer company in the United States, needs employees in numerous amounts for handling various job roles. Suppose you want to work as an entry-level employee for this role. In that case, the company provides online training, mentorship, and guidance after the hiring process.
The entry-level job role includes working as an inventory, detailing, delivery, and painting. Positions like working in-store, management department or finance department need special training and certification after getting hired.
Candidates who want to start their career in the automotive industry find CarMax a good, attractive and lucrative firm. The company hires a candidate with training and certificates. The candidate should apply online or through some reference. Referral opportunity is not applicable for departments like sales, service operations, team development, and business offices.
CarMax popular position
The company has some popular positions in which candidates apply.
1- Sales Consultant
Their responsibility is to find customers for their company’s product. The sales consultant job duty is similar to sales representative and the store manager. They provide information descriptions of the product and services to the customers. The sales consultant is hired based on education level, certificates, experience, and skills. The average median salary of the sales consultant is between $9.00 to $12.00 an hour with a competitive salary.
The sales consultant duties are:
- Build a strong relationship with the client
- Finds new business opportunities
- Solve the problem/ issues of the latest and current clients.
- They coordinate all the selling processes such as test diving, fund submission, and others.
2- Automotive technician
The CarMax technicians are responsible for maintaining and repairing vehicles. CarMax also refers there automotive technicians as service techs, auto technicians, and automobile technicians.
The responsibility of CarMax automotive technicians are:
- Explaining reporting issues to the customer
- Testing the system of the vehicle
- Doing routine servicing of the vehicles
- Keeping the store clean and organized
- Identifying problems in the car using diagnostic equipment.
For working in CarMax, automotive technicians need ASE certification. The average median salary of the CarMax automotive technicians exceeds $23.00 an hour.
3- Parts/supply associate
These employees work both full-time and part-time. The parts and supply associates contact directly with the customers. The average median salary of the Parts and supply associate is $13 per hour.
Their responsibilities are:
- Building a good relationship with the supplier
- Schedules delivery timing
- monitors stock levels
- tracks products that are out for deliver
- Oversees the ordering and packaging process.
Tips before applying for the job at CarMax
- Build your online profile through social media like LinkedIn.
- Submit the pre-employment questions
- Make a simple, catchy but professional Resume/CV
- If possible, visit the company’s location and submit the form.
CarMax Job Application
Search for the official website and fill the form by going to the company’s career page. The steps below will instruct you about the online application to get a job at CarMax career. There are different departments like stored, support department, accounts department, IT department, and others. Apply to any of the departments of your choice.
Apply online
Step 1: Go to the CarMax official website, click on the career option, or enter the link below into your URL bar.
Step 2: As the page gets open. Scroll it down and enter the keywords in the ‘first input field in the search opportunity box.
Enter the city/ location in the second input field of the search opportunity box.
Now, press the search jobs button. The result page will pop up.
Step 3: You will see the list of job titles shorted with location/city/state. For the further filter of the result, click on the form on the left side of the page.
Step 4: Scroll down and go through the list. Once you have selected the option that you want, click on the chosen job title. Clicking on the job title will open the job description page. (The description page tells you about the particular job, responsibilities, requirements, etc.).
Step 5: Review the job description page and press the apply button on the right side of the page outlined in red.
Step 6: To begin the further process, they ask you to sign in to a new account. Sign in to your account, or to create a new account, you can click on the form on the right side of the page.
Step 7: Once you sign in will be taken to the form section. Fill the form, which contains questions such as:
- First name (Legal)
- Last name (Legal)
- email address
- Username ( email address)
- Password ( of own choice)
- Re-type password
- Password hint
Step 8: To finish the creation of the account, press the register button. Once the account gets created, the online application page opens up.
Step 9: Fill the application form including, all the sections/subsections.
Application Status
- The hiring process takes days few days to a few weeks.
- They may call you for an interview via phone call or email.
- Candidates may check their job status by logging in to the company’s talent network.
- If you are genuinely willing to work at the company, visit desired location and speak directly with the HR manager.
- Dress accordingly before going for the onsite interview. It may increase your chance of getting hired.
Types of interview
The company conducts the first interview through a phone call. After that, it may be either a voice call or a video call.
If you get selected in the first one, they call you for the onsite interview via phone call or email.
The Onsite interview contains topics like
- Working experience
- Why selecting CarMax?
- Basic skills
- Schedule availability
- The onsite consultation is typically a behavioral and personality check session.
CarMax Career: why to work for this company?
- The company offers endless career paths.
- They promise to take care of their associates through benefits/perks and competitive pay.
- The company provides training and guidance after the hiring process.
- The company supports its associates in skill development and career growth.
- CarMax tries to give an experience that no other firm had ever provided to their associates.
- The company offers a respectful and collaborative working environment.
- CarMax makes a Great impact on the community.
- The company is growing its business with integrity and transparency.
- CarMax also offers an option for working. You can either choose full-time or part-time working hours.
Benefits and perks at CarMax
CarMax provides various benefits and perks to its employees. These benefits start from the day they join the company. The list given below is the benefits that CarMax employees receive. Let us have a look at them.
1- Health and wellness
Counseling
Dental insurance
Health insurance
Health plan incentives
Health care spending account
Maternity support program
Vision insurance
2- Financial benefits
401K plan
Adoption assistance reimbursement
Bonus pay
Childcare discount
Commuter benefits
Daycare flexible spending account
Disability financial help
Life insurance
3- Leave benefits
Paid time off (PTO)
Paid volunteer time off
Maternity and paternity leave
4- Career benefits
Career planning
Development resources
GED Reimbursement
Leadership programs
Onboarding
Recognition programs
Tuition reimbursement
How much does CarMax pay to their employees?
The average salary of CarMax employees is $41,926 per year, which means $20.16 an hour. The highest-paid income of the employees in the company is $78,000 for a senior sales representative, while the lowest-paid in the company is $25,678 for an inventory associate. Employees with different job roles earn different salaries.
CarMax salary by job titles
1. Sales Representative- $115,963
2. Service Operator- $76,294
3. Operations Manager- $63,728
4. Buyer- $57,268
5. Production Manager-$55,244
6. Business Office Associate- $45,186
7. Sales Consultant- $43,759
8. Cosmetics Supervisor- $42,451
9. Mechanic- $41,239
10. Service Advisor- $38,952
11. Automotive Technician- $35,103
12. Management Assistant- $32,841
13. Office Administrator- $31,229
14. Customer Advisor- $31,107
15. Inventory Lead- $30,931
16. Auto Technician- $29,236
17. Customer Assistant- $27,064
18. Detailer- $25,715
19. Inventory Associate- $25,678
CarMax salary by location
We all know the cost of living depends on the location you live, and employees also earn accordingly. For example, at CarMax, the employees are paid different salaries depending on location.
The employees of San Diego, CA, earned the average highest annual average salary of $53,423. Conversely, the employees of Hendersonville, TN, get the average lowest pay of $39,509 annually.
1. San Diego, CA- $53,423
2. Westborough, MA- $52,179
3. Downe, NJ- $49,075
4. Puyallup, WA- $48,048
5. Beaverton, OR- $46,772
6. Fort Worth, TX- $45,877
7. Colorado Springs, CO- $45,458
8. Richmond, VA- $43,277
9. Tucson, AZ- $42,621
10. Greenville, SC- $42,383
11. Fort Myers, FL- $41,790
12. Minnetonka, MN- $41,314
13. Wichita, KS- $39,861
14. Saint Peters, MO- $39,777
15. Merrillville, IN- $39,727
16. Albuquerque, NM- $39,641
17. Hendersonville, TN- $39,509
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