In 1993, Sharp co-founded CarMax, the largest used car retailer in the United States, which grew to more than 135 locations with revenue of $12.5 billion by 2013.
[3] Sharp also moved Circuit City from its core consumer electronics business into new ventures, such as home security.
[2] Critics have argued that the move into these new ventures caused Circuit City to lose focus amid growing competition.
"[2] Rick Sharp, the then chief executive of Circuit City, delivered a speech to a conference held by J. D. Power and Associates in the early 1990s.
[2] Sharp led a team of Circuit City executives who created a used car retailer focused on two main ideas: no haggling and a huge inventory.
[2] The team rejected several proposed names, including "Honest Rick’s Used Cars" and "Sharp Motors" before choosing CarMax.
[3] Sharp and his wife, Sherry, donated more than $5 million for Alzheimer's research since 1999, most of which went to Johns Hopkins School of Medicine, where he was a member of its advisory board.