L.A. Clippers' FIRST SPONSOR PULLS OUT After Donald Sterling's Racist Comments

The L.A. Clippers have lost their first sponsor in the wake of the Donald Sterling audio -- CarMax has announced it will end its 9-year relationship with the team ... TMZ Sports has learned.

A rep for CarMax -- the largest used car retailer -- tells us, "CarMax finds the statements attributed to the Clippers’ owner completely unacceptable."

"These views directly conflict with CarMax’s culture of respect for all individuals. While we have been a proud Clippers sponsor for 9 years and support the team, fans and community, these statements necessitate that CarMax end its sponsorship."