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CarMax Announces New Suzuki Franchise for the Dallas Market

30 June 2000

CarMax Announces New Suzuki Franchise for the Dallas Market

    RICHMOND, Va. - CarMax Auto Superstores, Inc. announced today that American 
Suzuki Motor Corporation has granted CarMax a new-car franchise point that is 
being operated from the CarMax Auto Superstore in Garland, Texas.

    The CarMax Superstore is located at 12175 LBJ Freeway.  It has offered an
extensive selection of top-quality used cars since its opening in 1998.
Beginning today, it adds the complete family of new Suzuki SUVs and cars.

    "The success we have enjoyed since opening the Garland location clearly
indicates that consumers like the quality and depth of our selection; our low,
no-haggle prices; and the guaranteed satisfaction we provide," said W. Austin
Ligon, president of CarMax.  "We are delighted to expand this consumer offer
with the addition of new Suzuki vehicles.  It is a winning combination for the
customer, for Suzuki and for CarMax."

    Gary Anderson, American Suzuki vice president of sales, said of the new
franchise point, "This is a great opportunity for Suzuki in the Dallas-Ft.
Worth market. I believe CarMax's innovative sales approach with its emphasis
on customer satisfaction will serve to enhance our image in the Dallas market.
CarMax has proven to be a winner in new-car sales, and we believe the
CarMax/Suzuki relationship will only grow stronger as we move forward."

    In addition to the Garland store, CarMax has three other used-car
superstore locations in the Dallas/Ft. Worth area: Texas Stadium, Plano and
Ft. Worth/Arlington.  CarMax also operates a new-car franchise, CarMax
Chrysler Plymouth Jeep, in Lancaster.  The new franchise is the first Suzuki
franchise for CarMax.  With the addition of this franchise, CarMax operates 21
new-car franchises.

    CarMax , a subsidiary of Circuit City Stores, Inc. ,
pioneered the used-car superstore concept and currently operates 40 locations.
Circuit City is a leading national retailer of brand-name consumer
electronics, personal computers, major appliances and entertainment software.

    This release contains forward-looking statements, which are subject to
risks and uncertainties.  Additional discussion of factors that could cause
actual results to differ materially from management's projections, forecasts,
estimates and expectations is contained in Circuit City Stores, Inc. SEC
filings.