In 2024, Carmax completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).
However, Carmax has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 136,393a | 141,982a | 103,088a | |
Total Scope 2 | ||||
Market-Based | 21,503a | 47,817a | 56,271a | |
Location-Based | 89,555a | 93,010a | 96,489b | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 5.1399a | 4.783a | 3.2316a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Carmax amounted to 225,948 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Carmax decreased by 3.85%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Carmax were 136,393 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Carmax's Scope 1 emissions have increased by 74.79%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Carmax's Scope 1 emissions decreased by 3.94%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Carmax reported Scope 2 greenhouse gas (GHG) emissions of 21,503 tCO₂e using the market-based method and 89,555 tCO₂e using the location-based method.a
Compared to the previous year (2023), Carmax's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Carmax's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Carmax reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Carmax reported Scope 1 greenhouse gas (GHG) emissions of 136,393 tCO₂e and total revenues of USD 26,536 millions. This translates into an emissions intensity of 5.14 tCO₂e per millions USD.a
In 2024, Carmax reported a Scope 1 emissions intensity of 5.14 tCO₂e per millions USD. Compared to the peer group median of 2.58, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Carmax ranked 20 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Carmax is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a