CarMax Inc

KMX: XNYS (USA)

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CarMax: CEO Ouster Reflects a High Level of Board and Shareholder Frustration

David Whiston

Nov 6, 2025

On Nov. 6, CarMax announced CEO Bill Nash will step down as CEO and leave the board on Dec. 1. It also said that fiscal 2026 third-quarter comparable store unit sales will be down 8%-12% and EPS including a $0.09 CEO transition charge will be $0.18-$0.36, far below the $0.69 LSEG consensus.

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CarMax Inc

CarMax: CEO Ouster Reflects a High Level of Board and Shareholder Frustration

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