CEO Keith Barr outlines omnichannel, SG&A cuts, and better online buying to restore growth as Starboard pushes change.

The nation’s largest retailer of used cars, CarMax, will pay at least $420,000 to resolve allegations that it repossessed vehicles from U.S. service members without court orders, the U.S. Department ...

Activist investor Starboard Value is suggesting that CarMax clip a few hundred bucks off its prices and shift to more dynamic pricing in order to make it more competitive for market share.

RICHMOND, VA, Feb. 27, 2026 (GLOBE NEWSWIRE) -- CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, today announced a first-of-its-kind milestone by becoming the first U.S. auto ...

CarMax is on the hook for nearly $500,000 after the US Justice Department alleged it illegally repossessed vehicles from active duty servicemembers. Most of that money will go directly to those ...

SAN DIEGO, CALIFORNIA - NOVEMBER 11: A used Chevrolet Camaro for sale is displayed at a CarMax dealership on November 11, 2025 in San Diego, CA. - Kevin Carter/Getty Images Tow truck carrying ...

Starboard Value pressures CarMax (KMX) to cut costs, revamp pricing, and streamline digital sales, nominating 2 directors.

By Svea Herbst-Bayliss NEW YORK, March 11 (Reuters) - Starboard Value said it has taken a stake in CarMax and nominated two directors to its board, urging the used car retailer to improve the ...

By Abhinav Parmar March 11 (Reuters) - Activist investor Starboard Value on Wednesday urged CarMax's incoming CEO Keith Barr to revamp the used-car retailer's digital platform and tighten costs, ...

WASHINGTON — The Department of Justice (DOJ) has reached a settlement with CarMax to resolve allegations that vehicles owned by members of the military were illegally repossessed, violating the ...