CMA's Toyota of Martinsburg is a proud part of Carter Myers Automotive, an ESOP company. That means that we share ownership with our associates. Shared Ownership means Shared Success, and we go by the motto "Owners Just Do More!"
Karl Soloe, CMA since 1977
We have many associates who have been with CMA for a very long time. Hear from them in the video above why they stay with us, and what ownership means to them.
Our Employee Stock Ownership Plan (ESOP) is a profit-sharing retirement plan that requires no investment in cash by our associates. Contributions to the plan are paid by CMA from any profits earned by the company through everyone's collective efforts.
Beth Blalock, CMA since 1978
Simona Holloway, CMA since 1986
Jennie Lockett, CMA since 1995
Robert Thomas, CMA since 1991
CMA is one of the only dealer groups in the country that shares ownership with its employees. We established our Employee Stock Ownership Plan back in 1979, when ESOP was virtually unknown. Since then our company has continued to grow. We now have 17 franchises in 15 locations throughout Virginia including Richmond, Williamsburg, Charlottesville, Woodstock, and Staunton.
ESOP enables CMA associates to share in the growth and prosperity of the company and to provide an opportunity to accumulate capital for their future economic security. Our ESOP currently owns a little over 26% of our parent company and continues to see year-over-year growth, with a 16.7% increase in just the past year. This is significantly higher than most public companies.
In addition to our ESOP, CMA offers excellent benefits including health, dental and 401(k). We invest in our associates by providing the best training available as well as state-of-the art facilities and equipment. There are always opportunities for growth within the company. EOE/V/D.
At CMA, our dedication to building life-long personal relationships with our customers begins by building strong relationships with our associates. Because our team is committed to providing sales and service excellence, we must also be committed to providing continuous development and training to our associates. We believe in empowering our associates with state-of-the art facilities, a wide range of training opportunities, and on-going opportunities for growth.
In addition to career-long personal and professional development, CMA associates enjoy a number of benefits, including: