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08.11.25 - 04:49
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CarMax Shareholder Alert By Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors with Substantial Losses of Lead Plaintiff Deadline in Class Action Lawsuit Against CarMax, Inc. - KMX (PR Newswire)
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NEW YORK and NEW ORLEANS, Nov. 7, 2025 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have untilJanuary 2, 2026 to file lead plaintiff applications in a......
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06.11.25 - 17:24
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CarMax Shares Crater As Board Ousts CEO Amid Deepening Used-Car Market Cracks (ZeroHedge)
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CarMax Shares Crater As Board Ousts CEO Amid Deepening Used-Car Market Cracks
CarMax shares plunged in the early cash session after the struggling used-car retailer delivered weak preliminary third-quarter results that missed Wall Street expectations, and compounded the blow by announcing the abrupt termination of its chief executive officer.
"We make car buying and selling simple, transparent, and personalized," Chair of the Board Tom Folliard stated in a press release, adding, "However, our recent results do not reflect that potential and change is needed."
Folliard was referring to preliminary third-quarter results: earnings per share forecasted between .18 cents and .36 cents, missed the Bloomberg Consensus of .69 cents
Prelim EPS 18c to 36c, estimate 69c (Bloomberg Consensus)
Prelim used unit sales in comparable stores -8% to -12%, estimate -3.7%
In addition to the weak preliminary earnings report, the company's board ousted CEO William D. Nash amid declinin...
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06.11.25 - 14:24
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CarMax Terminates CEO Nash (WSJ EN)
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CarMax terminated its chief executive Bill Nash, who had served as CEO of CarMax since 2016, and will be temporarily succeeded by board member David McCreight, who has been named interim president and CEO....
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06.11.25 - 12:54
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CarMax Announces Leadership Changes (Business Wire)
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Member of the Board David McCreight Named Interim President and CEO; Chair of the Board, Tom Folliard, to be Interim Executive Chair of the Board
Search for Permanent CEO Underway
Provides Preliminary Outlook for Fiscal Year 2026 Third Quarter Financial Results
RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE: KMX) (“CarMax” or the “Company”) today announced leadership changes to strengthen its business. David McCreight, a member of the Board of Directors (the “Board”), and proven retail business leader and brand strategist, has been named Interim President and Chief Executive Officer. Concurrently with Mr. McCreight's appointment, current Chair of the Board, Tom Folliard, an executive with a 30-year history with CarMax, including as Chief Executive Officer from 2006 to 2016, has been appointed Interim Executive Chair of the Board. Current Chief Executive Officer, Bill Nash, is stepping down from his position and as a member of the Board. The changes are effective as of December 1, 2025.
Th...
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