When used car retailer CarMax holds its earnings call Tuesday (Sept. 29), investors and analysts will be looking for insights into the company’s progress on its turnaround plan as well as commentary on consumer trends, Bloomberg reported Monday (Sept. 28). This year has seen the...
Used car retailer CarMax laid off about 4% of its corporate staff, or 145 employees, as part of “running leaner,” the company said in a Monday (Sept. 21) report by Bloomberg. “These changes will help us move faster and create better alignment across teams,” a CarMax spokesperson said in the...
CarMax revenues are up, and CEO Keith Barr said he is focused on improving the company’s digital car shopping experience. The used car dealer reported quarterly earnings Wednesday (June 17) that showed net revenues of $8 billion, a 6.2% increase. To continue this trajectory, Barr...
Using technology to streamline the buying and selling of cars is on the agenda at CarMax, as the used car retailer prepares a new strategic plan under the leadership of a new CEO. Keith Barr, who became president and CEO of CarMax on March 16, said...
June 28, 2024
With consumers unwilling to trust eCommerce channels to complete their car-buying journeys, the online auto sales industry is seeing shifts. For instance, Bloomberg reported this week that private equity firm Thoma Bravo is looking into selling Canadian digital automotive marketplace Trader, which it acquired in 2016. The company’s valuation could be $2.9 billion or more […]
December 28, 2022
Online car buying, where digital tools handle the tedious stuff, is remaking automotive checkout experiences. This was the takeaway from a conversation for PYMNTS’ Commerce Voices Series sponsored by Checkout.com,...
September 28, 2026
When used car retailer CarMax holds its earnings call Tuesday (Sept. 29), investors and analysts will be looking for insights into the company’s progress on its turnaround plan as well as commentary on consumer trends, Bloomberg reported Monday (Sept. 28). This year has seen the automotive industry face higher interest rates, elevated fuel prices and […]
September 21, 2026
Used car retailer CarMax laid off about 4% of its corporate staff, or 145 employees, as part of “running leaner,” the company said in a Monday (Sept. 21) report by Bloomberg. “These changes will help...
June 17, 2026
CarMax revenues are up, and CEO Keith Barr said he is focused on improving the company’s digital car shopping experience. The used car dealer reported quarterly earnings Wednesday (June 17)...
April 14, 2026
Using technology to streamline the buying and selling of cars is on the agenda at CarMax, as the used car retailer prepares a new strategic plan under the leadership of a...