CarMax Swings to Q4 Loss as Price Cuts Squeeze Margins — Shares Drop
CarMax posted a Q4 loss due to goodwill charges and weak used-car sales. Revenue slipped, shares fell 13%, cost-cut outlook.
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Starboard Targets CarMax: $350M Investment Backs Keith Barr to Revamp Used-Car Giant
Activist Starboard takes $350M stake in CarMax, nominates board members, and pushes for faster turnaround under incoming CEO Keith Barr.
CarMax Shares Slide as Used Car Sales Slow and Carvana Gains Ground
CarMax shares drop sharply after weak used car sales, shrinking profits, and rising pressure from fast-growing rival Carvana.
Ford Partners with Amazon to Sell Certified Pre-Owned Cars Online
Ford teams up with Amazon to sell certified pre-owned vehicles through Amazon Autos, allowing customers to browse, finance, and schedule pickups at participating dealers online.
CarMax Shakes Up Leadership Amid Steep Sales Drop
The nation's largest used car seller, CarMax, is replacing CEO Bill Nash following disappointing financial performance and weak sales forecasts for the third quarter.
CarMax Q2 Sales Slump After Tariff-Driven Rush
CarMax Q2 results severely missed Wall Street forecasts (64¢ vs. ~$1.04 expected). Used car sales fell 6.3%, partly due to customers rushing buys ahead of tariffs and high loan losses. The stock dropped 12%. CEO Bill Nash called it "challenging".