Product Manager

CarMax Business Services; Richmond (VA); On-site; USD 117,000 - 188,000; Full time

Benefits offered by this job

Bonus potential

Equity possible

Job summary

CarMax is seeking a Product Manager to lead the creation of innovative products transforming the car buying and selling experience. You will place Customer needs at the center, leveraging technology and data to deliver seamless, personalized solutions.

You will collaborate with design and engineering partners to build products that empower Customers and Associates, driving CarMax’s mission in the automotive industry.

Qualifications

• Bachelor’s degree in a relevant discipline.
• 3+ years of product management or related experience.
• Strong collaboration with design and engineering teams.

Responsibilities

• Conduct deep customer research to uncover needs and opportunities.
• Develop and test hypotheses, iterating on prototypes.
• Prioritize opportunities based on feasibility, impact, and business goals.
• Set clear product vision and metrics using data-driven insights.
• Collaborate with cross-functional teams to deliver scalable solutions.
• Stay informed on industry trends and emerging technologies.

Skills

Product management

Cross-functional collaboration

Data-driven decision making

Education

Bachelor’s degree in a relevant discipline

Job description

8116 - Midtown Office - 2220 W. Broad Street, Richmond, Virginia, 23220

CarMax, the way your career should be!

Position Overview

As a Product Manager, you will lead the creation of innovative products that transform the car buying and selling experience. Your work will put Customer needs at the center of every decision, leveraging technology and data to deliver solutions that make their interactions with CarMax seamless and personalized. You’ll collaborate with design and engineering partners to build products that empower our Customers and Associates. This role combines strategic thinking, customer empathy, and technical expertise to drive CarMax’s mission of redefining the automotive industry.

Why CarMax?

At CarMax, we are the nation’s largest retailer of used cars with stores from coast to coast, and we are still growing. We’re rethinking the way people buy cars – and it’s our associates that help us do just that. We believe work should feel meaningful and rewarding, with opportunities to make an impact every day. This is where innovation meets passion – be inspired and supported to take us to the future.

Team Overview

You’ll lead a high-performing product team focused on discovering and delivering solutions that ultimately enhance the customer journey and drive measurable business value. Working cross-functionally, you’ll partner with engineering, design, and business stakeholders to create experiences that scale across digital and in-store channels.

Role Responsibilities

• Conduct deep customer research to uncover Customer behaviors, pain points, and opportunities


• Develop and test hypotheses, rapidly iterating on prototypes to validate solutions


• Prioritize product opportunities based on feasibility, impact, and alignment with business goals


• Set clear product vision and goals using data-driven insights and strong business acumen


• Collaborate with cross-functional teams to deliver scalable, customer-centric solutions


• Stay informed on industry trends and emerging technologies to drive continuous innovation


• Inspire and lead teams to create seamless experiences across online and in-store channels

Preferred Qualifications

• Bachelor’s degree in a relevant discipline


• 3+ years of experience in product management or a related field


• Strong understanding of modern technology and experience, partnering with software engineers

About CarMax

At CarMax, we revolutionized the used car buying experience over 30 years ago by introducing transparency and integrity into the process. Our commitment to customer experience, innovation, and community has made us the nation’s largest used car retailer. With over 250 store locations and over 30,000 associates, we are proud to have been recognized as one of the Fortune 100 Best Companies to Work For® and are committed to helping our communities thrive.

As an associate, you are part of an innovative movement to empower the modern customer and drive progress. Your work fuels change—sparking ideas, overcoming challenges, and shaping what’s next. Join us in creating a better future– for our company, our customers, and the communities we call home.

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

The annual salary for this position is:

$117,300.00 - $187,700.00

May be eligible for bonus and equity.

Benefits:

Except as otherwise required by state law, CarMax Associates are entitled to the following paid sick, vacation, and holiday time.

Associates that are considered full-time hourly or commission/incentive eligible:

• To earn up to 48 hours of sick time per year accrued on a per pay period basis and between 80 hours and 200 hours per year of vacation time after a 90 day waiting period depending on years of continuous service with the Company.


• For 8 hours of pay for each of a total of 6 paid scheduled holidays per year plus 1 floating holiday. If such an Associate does work on a scheduled holiday due to business need, they are eligible for Holiday Premium Pay.

Associates considered full-time salaried are entitled to paid time away with no specified limit as needed for sick, vacation, bereavement, jury duty, holidays, floating holiday, etc. subject to manager approval.

For more details about benefits, please visit our CarMax Benefits website.

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