CarMax is a leading retailer of used cars in the United States, specializing in providing a streamlined purchasing experience for customers. The company operates a network of physical stores where customers can browse a wide selection of high-quality, pre-owned vehicles, often incorporating innovative technology to enhance the shopping experience. In addition to traditional in-store sales, CarMax offers online car buying options, allowing customers to research, finance, and purchase vehicles from the comfort of their homes. Their focus on transparency and customer service is evident in their no-haggle pricing policy, ensuring that buyers receive competitive prices without the pressure often associated with car buying. Read More
CarMax, Inc. (NYSE: KMX) ("CarMax" or the "Company"), today confirmed that its Board of Directors (the “Board”) received a notice from Starboard Value LP (“Starboard”), nominating two directors for election to the Company’s Board at the 2026 Annual Meeting of Shareholders and issued the following statement.
Starboard Value LP (together with its affiliates, “Starboard”), a significant stockholder of CarMax Inc. (“CarMax” or the “Company”) (NYSE: KMX), today announced that it has delivered a letter to Keith Barr, the Company’s incoming Chief Executive Officer, with a copy to the Company’s Board of Directors (the “Board”). The full text of Starboard's letter to the Company can be viewed here.
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Penske Automotive Group (NYSE...
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into CarMax, Inc. (NYSE: KMX) (“CarMax” or the “Company”).
Today’s Date: February 27, 2026 Introduction On this day, February 27, 2026, Carvana Co. (NYSE: CVNA) has once again captured the full attention of Wall Street. Following a robust 5.6% gain in intraday trading, the e-commerce auto titan has signaled to investors that its "Phoenix rising" narrative is far from over. This recent uptick comes [...]
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how automotive and marine retail stocks fared in Q4, starting with MarineMax (NYSE:HZO).
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at vehicle retailer stocks, starting with CarMax (NYSE:KMX).
American households showed unexpected grit this week as the Conference Board’s Consumer Confidence Index climbed to 91.2 in February, a sharp departure from the gloom that characterized the start of the year. The reading, which comfortably beat analyst forecasts of 87.4, suggests that the "cratering" of sentiment
The DOJ said that the settlement seeks to resolve allegations that CarMax illegally repossessed motor vehicles owned by members of the military without obtaining court orders.
PHOENIX, AZ — Just two years ago, analysts were drafting the obituary for the "Amazon of used cars." Today, those same analysts are recalibrating their models for a market leader that has not only survived but rewritten the rules of automotive retail. On February 18, 2026, Carvana Co. (NYSE: CVNA) reported
As of February 20, 2026, the financial community continues to study the resurgence of Carvana Co. (NYSE: CVNA) as one of the most remarkable corporate turnarounds in modern retail history. Just over three years ago, the "Amazon of Cars" was teetering on the edge of bankruptcy, its stock price languishing below $5. Today, Carvana has [...]
PHOENIX, AZ — Shares of Carvana Co. (NYSE: CVNA) tumbled over 9% on Thursday, February 19, 2026, as the market reacted to a fourth-quarter earnings report that delivered a confusing mix of record-breaking top-line growth and disappointing operational efficiency. Despite reporting its highest-ever net income, the online used-car giant saw its
PHOENIX, AZ – In what market analysts are calling the most dramatic corporate turnaround of the decade, Carvana (NYSE: CVNA) reported a staggering set of fourth-quarter and full-year 2025 financial results on Wednesday evening. The online used-vehicle retailer, which narrowly avoided insolvency just three years ago, has silenced skeptics by delivering
Shares of used automotive vehicle retailer Carmax (NYSE:KMX)
jumped 7.4% in the afternoon session after an analyst at Baird raised the company's price target to $48 from $42. The analyst firm maintained its Outperform rating on the stock.
CarMax, Inc. (NYSE: KMX) (“CarMax” or the “Company”) today announced that Keith Barr has been appointed President and Chief Executive Officer, and a member of the Board of Directors (“the Board”), effective March 16, 2026. David McCreight, current Interim President and CEO of CarMax, will transition to his prior duties as an independent Director of the Board. Tom Folliard will remain in his role as Interim Executive Chair of the Board until the Company’s Annual Meeting in June 2026, after which he is expected to resume his prior duties as non-executive Chair of the Board.
The meteoric rise of Carvana Co. (NYSE: CVNA), the online used car retailer that became a symbol of post-pandemic recovery, hit a massive wall of skepticism this week. In a dramatic reversal of fortune, Carvana’s shares plummeted more than 14% following a scathing report from activist short seller Gotham
RICHMOND, VA, Feb. 04, 2026 (GLOBE NEWSWIRE) -- CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, has been recognized by TIME Magazine as one of America’s Most Iconic Companies. The project, created in partnership with Statista Inc., marks the 250th anniversary of the United States and honors 250 companies that have become enduring symbols of American business, culture, and identity. This positive recognition reaffirms CarMax’s decades-long dedication to providing a transparent and customer-centric experience. CarMax is honored to be included among other automotive brands, including Ford Motor Company, General Motors, and Tesla. CarMax’s commitment to innovation and iconic customer experiences has helped make the company the nation's largest retailer of used cars. As the original disruptor of the automotive industry, CarMax’s "no-haggle" prices transformed car buying and selling from a stressful, dreaded event into the honest, straightforward experience all people deserve. Today, customers can shop and sell their way, whether that's online, in the store, or a seamless combination of both.
While profitability is essential, it doesn’t guarantee long-term success.
Some companies that rest on their margins will lose ground as competition intensifies - as Jeff Bezos said, "Your margin is my opportunity".
A number of stocks fell in the afternoon session after the Dow Jones Industrial Average fell as much as 0.7%, reflecting lingering uncertainty, and capping off a volatile week which saw stocks enjoy some relief as President Donald Trump reduced tensions with European allies by backing off his threat of imposing new tariffs.
