CarMax

KMX

Market cap $6.08B

Retailer brings nationwide inventory and online offer capabilities to OpenAI with the new CarMax App in ChatGPT Retailer brings nationwide inventory and online offer capabilities to OpenAI with the new CarMax App in ChatGPT

Diamond Hill Select Strategy returned 4.41% (net of fees) and the Russell 3000 Index returned 2.40%. General Motors has taken market share while maintaining pricing and growing in the electric vehicle and software services spaces. Ashland's shares benefited after the investment arm of Standard Industries, a prominent activist investor in the sector, announced that it took a 10% economic interest in the company, adding to investor confidence.

CarMax appointed InterContinental Hotels Group head Keith Barr as its new CEO today. CarMax's sales have been slumping for three long years, and are in need of a turnaround.

CarMax on Thursday named Keith Barr as its next chief executive, who will take over the helm at the used-car retailer as it navigates a turnaround plan and lower demand.

The used-car retailer names IHG Hotels & Resorts veteran Keith Barr as its next CEO.

RICHMOND, Va.--(BUSINESS WIRE)--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 M.

Keith Barr, former chief executive of IHG Hotels & Resorts, would bring digital experience to the used-car retailer.

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.

BML Capital bought 155,000 shares of CarMax in the fourth quarter. As of quarter-end, the CarMax shares were valued at $5.99 million This new stake places CarMax outside the fund's top five holdings.

Courant Investment Management sold all 247,520 shares of CarMax in the fourth quarter. The estimated trade size was $11.11 million.