Ronald E. Blaylock Joins CarMax Board of Directors

CarMax, Inc. announced today that its board of directors has elected Ronald E. Blaylock, founder, chairman, and chief executive officer of Blaylock & Company, Inc., to membership on the board.

Blaylock, 47, launched Blaylock & Company, a full-service investment banking firm headquartered in New York City, in 1993. The firm has consistently been ranked among the top twenty investment banking firms in the U.S. for underwriting corporate debt securities, and in 2005, was ranked the number one minority-owned investment banking firm in the U.S. by Securities Data, Inc. In March 2007, the firm was acquired by Robert Van Securities, Inc. and Blaylock was appointed non-executive chairman.

Prior to founding his firm, Mr. Blaylock held senior management positions with PaineWebber and Citigroup. He earned a Bachelor of Science degree in finance from Georgetown University and a Masters of Business Administration degree from New York University's Stern School of Business. He serves as a director on the boards of Radio One, Inc. and W. R. Berkley Corporation.

CarMax, a Fortune 500 company, and one of the Fortune 2007 "100 Best Companies to Work For," is the America's largest retailer of used cars.