Starboard Campaign Puts CarMax Costs Digital Strategy And New CEO In Focus

Starboard Value has built a roughly $350 million stake in CarMax (NYSE:KMX). The activist investor is launching a campaign that includes nominating two directors to the CarMax board. Starboard is ...

CarMax Issues Statement on Engagement With Starboard Value

CarMax, Inc. (NYSE: KMX) ("CarMax" or the "Company"), today confirmed that its Board of Directors (the "Board") received a notice from Starboard Value LP ("Starboard"), nominating two directors for ...

Starboard nominates two to CarMax board, unveils new position

By Svea Herbst-Bayliss NEW YORK, March 11 (Reuters) - Starboard Value said it has taken a stake in CarMax and nominated two directors to its board, urging the used car retailer to improve the ...

Activist starboard urges CarMax to overhaul digital sales, cut costs

Activist investor Starboard Value pushes CarMax to overhaul its digital platform, cut costs and boost competitiveness, aiming ...

Activist Starboard urges CarMax CEO-elect Barr to revamp digital sales, cut costs

By Abhinav Parmar March 11 (Reuters) - Activist investor Starboard Value on Wednesday urged CarMax's incoming CEO Keith Barr to revamp the used-car retailer's digital platform and tighten costs, ...

Starboard Builds $350 Million CarMax Stake, Seeks Board Seats

The activist investor has nominated its own CEO, Jeff Smith, to the CarMax board, along with Bill Cobb, the chairman and CEO of Frontdoor Inc., according to a statement Wednesday confirming an earlier ...

Stocks making the biggest moves premarket: Oracle, AeroVironment, Nike, CarMax and more

Check out the companies making headlines before the bell. Oracle — Oracle shares jumped more than 9% after the cloud infrastructure company gave strong fiscal third quarter results and lifted its ...
Blockonomi

CarMax (KMX) Stock Under Activist Spotlight: Starboard’s $350M Investment Explained

Starboard Value invests $350M in CarMax (KMX) stock, nominating two directors and pushing for cost cuts worth $300M. KMX down 42% in 12 months.
Barron's

CarMax Inc.

CarMax, Inc. is a holding company, which engages in the retail of used vehicles and wholesale of vehicle auction operators. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF ...

A Comparison of Three Car Selling Options: Pick the Best Choice

Selling a car can be a stressful and intimidating task, but understanding your optionscan simplify the process. Whether you need quick cash, want to maximize your car's value, or prefer a ...

Carvana keeps buying new Chrysler dealerships. What's the plan?

The used car giant just quietly bought a sixth Chrysler Dodge Jeep Ram location, rattling some traditional retailers. It's ...

Key Dos and Don'ts When Buying a Car

Buyers tend to be preoccupied with new car prices, and the cost of secondhand cars, for that matter. Every car costs more than the sticker price indicates. It’s up to you to explore every fee and cost ...