CarMax to invest $50m in Edmunds.

CarMax, the United States' largest used-car retailer, agreed to invest $50m in Edmunds, an American online resource for automotive information. "Edmunds’ proprietary content, comprehensive automotive market insights and streamlined user experience across the car buying and selling journey will allow us to deepen our engagement with customers shopping online. Consumers trust Edmunds for its in-depth, expert-driven automotive editorial content and unbiased reviews. Edmunds has also made significant investments in digital innovations over the last several years that align with our continued focus on enhancing the customer experience online," Bill Nash, CarMax president and CEO.