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Analyst, Expansion Planning

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8901 - Corp Office West Crk - 12800 Tuckahoe Creek Parkway, Richmond, Virginia, 23238

CarMax, the way your career should be!

Finance Strategy Analyst- Hybrid

About The Team

The Expansion Planning & Analysis team is a community of analysts with a variety of strategic and technical skillsets. We work together to develop data-driven expansion strategies and guide CarMax to make sound financial investments that enable our growth goals, particularly around retail sales, vehicle reconditioning, and wholesale auctions.

Our team tackles these complex problems while striving to be a great representation of CarMax’s 4 core values: Do the Right Thing, Put People First, Win Together, and Go for Greatness

About The Role

CarMax relies on significant investments in physical infrastructure to fuel our future growth. These investments include both the continued expansion of our retail locations as well as the vast network of facilities required to support sales of 1,600,000+ vehicle a year with reconditioning, auction, and transportation capacity.

Our team of business analysts plays a critical role in identifying future opportunities for expansion, developing strategies to support growth on a 3-10 year time horizon, and highlighting key insights to unlock optimal returns on our existing investment portfolio.

Key questions include:

Where are the largest opportunity areas to reach new customers?
What store type is optimal for serving that demand?
What is the expected return on investment?
How should future investments change as more of our business shifts online?
Which regions will need additional reconditioning and auction facilities?
How should these facilities be prioritized and when is the optimal time to build?

As an Analyst, you will work closely with our Operational and Strategy business partners to make key recommendations for financially optimal expansion strategies. These strategies will support CarMax’s long term strategic goals and ensure that we have the right infrastructure in place to meet the growing needs of our retail and wholesale customers.

What You Will Do – Essential Responsibilities

A successful finance strategy analyst will:

Be an analytic partner and establish a close working relationship with our business partners
Conduct data and financial analysis to propose and evaluate future store growth and expansion opportunities
Enhance and utilize analytical tools (models, reports, dashboards) to monitor store performance and identify opportunities to drive innovation and efficiency
Translate insights into clear business recommendations for operational partners and department leadership

Qualifications and Requirements

Ability to consistently deliver at a high level on the responsibilities listed above. Requirements listed below are representative of the knowledge and skills required:

Four-year undergraduate degree with strong academic record
2+ years experience in a finance, analytical or strategic role strongly preferred
Ability to travel and perform site visits to prospective & existing CarMax locations as needed
Experience conducting data and financial analysis to support conclusions, and a willingness to gain proficiency in data analysis tools such as SQL or Tableau
Ability to communicate complex topics to people with varying backgrounds and levels of technical familiarity
Enthusiasm for collaborating with a team of passionate analysts and business partners who regularly shape both big picture growth strategy and tactical site-specific investment decisions

Work Authorization: Applicants must be currently authorized to work in the United States on a full-time basis.

About CarMax

CarMax disrupted the auto industry by delivering the honest, transparent and high-integrity experience customers want and deserve. This innovative thinking around the way cars are bought and sold has helped us become the nation’s largest retailer of used cars, with over 200 locations nationwide.

Our amazing team of more than 25,000 associates work together to deliver iconic customer experiences. Along the way, we help every associate grow their career and achieve their best, at work and in their community. We are recognized for our commitment to training and diversity and are one of the FORTUNE 100 Best Companies to Work For®.

Our Commitment to Diversity and Inclusion:

CarMax is committed to bringing together people from different backgrounds and perspectives, providing employees with a safe, welcoming, and inclusive work environment.

CarMax is an equal opportunity employer, and all qualified candidates will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, genetic information, national origin, protected veteran status, disability status, or any other characteristic protected by law.

Upon an applicant's request, CarMax will consider reasonable accommodation to complete the CarMax Job Application.

Average salary estimate

$80000 / YEARLY (est.)

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$90000K

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What You Should Know About Analyst, Expansion Planning, Carmax

If you're searching for an exciting opportunity as an Analyst, Expansion Planning with CarMax in Richmond, Virginia, you’re in for a treat! CarMax is not just the largest retailer of used cars in the U.S.; it’s a fantastic place to grow your career. As part of the Expansion Planning & Analysis team, you will dive into data-driven strategies that shape CarMax's future growth, particularly in retail sales and the vehicle reconditioning space. This role is all about teamwork, where you’ll collaborate with passionate analysts and business partners to pinpoint expansion opportunities and make strategic recommendations. You’ll conduct vital financial analyses and enhance analytical tools to monitor store performance. Key questions you will address include optimal store types, expected ROI, and the timing of building new facilities to support CarMax's growth targets. The best part? You’ll be integral in making financial decisions that have a lasting impact on the company. If you have a knack for data and a strategic mindset, this could be the perfect fit for you. Join a diverse and inclusive work environment and be a part of an organization that values innovation, teamwork, and the pursuit of excellence. We're excited to welcome you to the CarMax family where you can truly thrive!

Frequently Asked Questions (FAQs) for Analyst, Expansion Planning Role at Carmax

What are the key responsibilities of an Analyst, Expansion Planning at CarMax?

The Analyst, Expansion Planning at CarMax is responsible for conducting data and financial analysis, identifying future expansion opportunities, and translating insights into actionable business recommendations. They work closely with operational and strategy partners to establish effective expansion strategies that align with CarMax’s long-term goals.