CarMax pays an average salary of $55,500 per year. This base compensation is the equivalent of $28 per hour assuming a 40 hour work week (2,000 hours per year). The actual average hours worked per week at CarMax based on our data is actually 40 hours, which would bring down the true effective hourly rate to $29 on average. If you include the average bonus of $5,000, then the total average pay at CarMax would be $60,500 per year or $32 per hour at the 40 hour work week.

There's a wide range between what the company pays the top 20 percent and the bottom 20 percent of earners. This is largely dependent on seniority and location. CarMax pays the highest-paid employees over $61,500 a year, while the lowest-paid employees are paid less than $39,600. CarMax employees in different groups or divisions tend to have different salaries as well.