CarMax Inc

KMX: XNYS (USA)

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CarMax Strategy May Be in Transition With CEO Change

David Whiston

Nov 6, 2025

Business Strategy and Outlook

CarMax's revenue has grown at a compound annual rate of 10.8% since fiscal 2000 from the success of customer-friendly sales practices and use of information technology. We think the firm will eventually reach its over 5% zero to 10-year-old vehicle market share target, up from 3.7% in calendar 2023 and 2024. However, goals of $33 billion in revenue and selling a combined 2 million annual retail and auction units may change with a new CEO.

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CarMax Inc

CarMax Strategy May Be in Transition With CEO Change

Business Strategy and Outlook

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