Welcome to our dedicated page for Carmax news (Ticker: KMX), a resource for investors and traders seeking the latest updates and insights on Carmax stock.
CarMax Inc. (NYSE: KMX) is a Richmond, Virginia–based used car retailer that describes itself as the nation’s largest retailer of used cars and used autos. This news page collects company announcements, earnings releases, operational updates, and marketing initiatives that shape the CarMax story for investors and customers.
Readers can find detailed coverage of CarMax’s quarterly results, including trends in retail used unit sales, wholesale unit volumes, gross profit per unit, extended protection plan performance, and income from CarMax Auto Finance. The company regularly reports on how many vehicles it buys from consumers and dealers, its digital sales mix, and progress on cost-efficiency plans and SG&A reductions.
CarMax also issues news about leadership and governance, such as changes in the chief executive officer role and appointments to interim leadership positions. These updates are often accompanied by commentary from board members and executives on strategy, profitability, and brand direction.
Beyond financial metrics, CarMax’s news highlights its omni-channel customer experience, new brand positioning under the “Wanna Drive?” tagline, and marketing campaigns. Releases describe national advertising featuring professional basketball players, partnerships with the NBA and WNBA, and recognition such as being named the top automotive marketplace (online) on a Newsweek customer service list.
Operational news includes store openings in new markets, expansion of at-home pickup for vehicle sellers, and the launch of tools like Offer Watch that help customers track estimated vehicle values over time. For anyone following KMX, this page provides a centralized view of how CarMax communicates its performance, strategy, and customer-focused initiatives over time.
CarMax (NYSE: KMX) was named one of Fortune’s 100 Best Companies to Work For® in 2026, marking its 22nd consecutive year on the list and ranking #56. The company highlighted hiring across store and corporate roles, competitive pay and benefits, and workforce and portfolio metrics for fiscal 2025.
Fiscal 2025 figures include ~790,000 used vehicles sold, 540,000 wholesale vehicles auctioned, >$8 billion in auto loan originations, a ~$18 billion finance portfolio, >250 stores and >28,000 associates.
CarMax (NYSE:KMX) will report fourth-quarter results for the period ended February 28, 2026 before markets open on April 14, 2026, and will host a conference call at 9:00 a.m. ET the same day.
Executives participating include Tom Folliard, Keith Barr, Enrique Mayor-Mora and Jon Daniels. The live call is accessible by phone and webcast; a replay will be available online through June 16, 2026.
Company metrics for fiscal 2025: ~790,000 used vehicles sold, 540,000 wholesale vehicles at auctions, >$8 billion of auto loans originated and a nearly $18 billion finance portfolio. CarMax operates 250+ stores with 28,000+ associates.
CarMax (NYSE: KMX) confirmed that Starboard Value nominated two directors for election at the 2026 annual meeting and said engagement has been productive. The Board accelerated succession planning, named Keith Barr as CEO effective March 16, 2026, and will file a proxy statement and WHITE proxy card.
CarMax reported FY2025 volumes of ~790,000 used-vehicle retail sales, 540,000 wholesale auction vehicles, >$8 billion in auto-loan originations and a ~$18 billion finance portfolio. Financial and proxy advisors were named.
Starboard Value LP, a significant shareholder in CarMax (NYSE: KMX), delivered a letter to incoming CEO Keith Barr on March 11, 2026, and nominated two directors—William C. Cobb and Jeffrey C. Smith—for election at the 2026 annual meeting. Starboard identified "fixable execution gaps" and urged a substantially expanded SG&A reduction program, improved digital execution, reconditioning efficiencies, and dynamic pricing to unlock shareholder value from CarMax’s omnichannel model.
CarMax (NYSE: KMX) launched a first-of-its-kind car shopping and selling app in the ChatGPT App Store on Feb. 27, 2026. The integration brings CarMax’s nationwide inventory of more than 45,000 vehicles and fast online offer capability into ChatGPT, enabling conversational vehicle search and instant offer access.
This AI-powered experience links users to CarMax’s online offer tool, supports vehicle discovery by natural language, and aims to simplify buying and selling from first contact to sale.
CarMax (NYSE: KMX) appointed Keith Barr as President and Chief Executive Officer, effective March 16, 2026, and he will join the Board. Interim President and CEO David McCreight will return to his role as an independent director. Tom Folliard will remain Interim Executive Chair until the Annual Meeting in June 2026.
Mr. Barr joins from IHG, where he served as CEO (2017–2023) and led global digital and operational initiatives; CarMax reported key FY2025 metrics including ~790,000 used vehicles sold and CAF loan originations > $8 billion.
CarMax (NYSE: KMX) was named one of TIME Magazine’s "America’s Most Iconic Companies" on Feb. 4, 2026, a list of 250 firms created with Statista to mark the United States' 250th anniversary.
CarMax highlighted its decades-long focus on transparent, customer-centric car buying, its pioneering "no-haggle" pricing, and omnichannel shopping (online and in-store).
CarMax (NYSE:KMX) reported third quarter fiscal 2026 results for the period ended November 30, 2025, showing weaker volume and profit trends amid leadership change.
Key metrics: total retail used units -8.0%, combined units -7.2%, total gross profit $590.0M (-12.9%), retail gross profit per unit $2,235 (-$71), EPS $0.43 vs $0.81. SG&A rose to $581.4M (+1.0%) and represented 98.5% of gross profit. CarMax repurchased $201.6M of stock and has $1.36B remaining authorization. CAF income increased to $174.7M (+9.3%), including a $27.0M gain on sale from a securitization. Board named David McCreight interim CEO; search for permanent CEO underway.
CarMax (NYSE:KMX) will report third-quarter results for the period ended November 30, 2025 before the market opens on December 18, 2025 and will host a conference call at 9:00 a.m. ET.
Company executives on the call include Tom Folliard, David McCreight, Enrique Mayor-Mora and Jon Daniels. Live access is by phone ((800) 225-9448 US; (203) 518-9708 international) using conference ID 3171396, and via live webcast at investors.carmax.com. A webcast replay will be available through April 13, 2026.
Recent company metrics: ~790,000 used vehicles sold in fiscal 2025, 540,000 wholesale vehicles at auction, >$8 billion in auto finance originations added to a ~$18 billion portfolio, >250 stores and >28,000 associates.
CarMax (NYSE: KMX) opened its first Arkansas store on Nov 20, 2025 in Rogers at 6360 South Dixieland Road, bringing nearly 30 jobs to the area.
The new 11,500 sq ft location increases CarMax's nationwide footprint to 255 stores across 42 states and can stock about 500 used vehicles. CarMax highlights its omni-channel shopping and selling options, including online offers in two minutes, seven-day offer holds, express pickup, and the new Offer Watch tool. The company also noted community engagement via the CarMax Foundation and said it employs about 28,000 associates and has 21 years on the Fortune 100 Best Companies to Work For list.