CarMax has laid off 145 corporate employees, about 4% of its corporate staff, marking its third round of layoffs in 11 months. This move is part of CEO Keith Barr's strategy to streamline operations and improve alignment across teams amid challenges like high prices, rising interest rates, and increased gas costs affecting the used car market. Barr, who took over in March 2026, aims to enhance CarMax's digital shopping experience to reduce customer friction and boost sales. The company reported a 6.2% revenue increase to $8 billion in the most recent quarter and will release its latest earnings on September 29.
CarMax's stock on Pluang is trading at USD 57.89 as of Sep 22, 2026 06:31 WIB, showing a modest 1.19% increase in one day. This price sits closer to its 52-week high of USD 64.22 than its low of USD 30.88, indicating relatively strong market confidence despite recent layoffs. The company’s market cap stands at $8.12 billion, reflecting its substantial size in the consumer cyclical sector.
