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 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.
CarMax (NYSE: KMX) on Nov 18, 2025 launched nationwide at-home pickup for selling vehicles and introduced Offer Watch, a free tool that tracks a car’s value with monthly updates. Customers can get an online offer in two minutes that is valid for seven days, schedule at-home pickup where available, or use express drop-off at 250+ locations to complete a sale in under 30 minutes. Offer Watch provides monthly value estimates based on market conditions, projected mileage, and recent offer data. CarMax said it will buy a customer’s vehicle even if they don’t purchase another car, and highlighted its nationwide online inventory of more than 45,000 cars.