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. reports developments tied to its used-vehicle retail business, wholesale auctions, vehicle purchasing, extended protection products, repair activity and CarMax Auto Finance. Company updates commonly cover retail and wholesale unit trends, comparable-store sales, gross profit per unit, SG&A spending, advertising, restructuring actions and the availability and cost of capital for auto-loan financing.
CarMax news also includes digital and omnichannel car-shopping initiatives, including online buying and selling tools, as well as governance updates such as board composition, executive leadership changes and shareholder engagement. These developments reflect the company’s model of combining a national store base, online capabilities, vehicle appraisal and financing services for used-car buyers and sellers.
CarMax (NYSE:KMX) will release first quarter 2026 results for the period ended May 31, 2026 before market open on June 17, 2026, followed by an earnings conference call at 8:00 a.m. ET, its new standard time.
The virtual 2026 annual shareholders meeting is set for June 23, 2026 at 1:00 p.m. ET. CarMax reports selling about 780,000 used and 540,000 wholesale vehicles in fiscal 2026, with $8 billion in auto loan originations and a nearly $16 billion finance portfolio.
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CarMax (NYSE:KMX) reported fourth-quarter and fiscal 2026 results. Combined unit sales were 303,969 (+0.7%); total net sales were $5.946B for the quarter. GAAP net loss per diluted share was ($0.85), including a $141.3M non-cash goodwill impairment; adjusted EPS was $0.34. Total gross profit declined 9.4% to $605.3M. SG&A was $611.3M; adjusted SG&A down 5.4% ex-restructuring. CAF income decreased 9.8% to $143.7M. Repurchased $50.4M in Q4 and $631.8M for the year; $1.31B remains authorized. Fiscal 2027 capex planned at ~$400M and targeted SG&A exit savings increased to $200M.
CarMax (NYSE: KMX) will add William Cobb and Jim Kessler to its Board ahead of the 2026 Annual Meeting, reflecting board refreshment and investor engagement with Starboard Value on April 9, 2026. Starboard has agreed to withdraw its director nominations following the additions.
The company reported selling about 790,000 used vehicles and 540,000 wholesale vehicles in fiscal 2025; CarMax Auto Finance originated more than $8 billion and holds a nearly $18 billion loan portfolio.
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.