The largest used-vehicle retailer in the United States, selling and financing used cars through physical stores and online.
carmax.comCEO
Keith Barr
Chair of the Board
Tom Folliard (Interim Executive Chair)
CFO
Enrique Mayor-Mora
Founded
1993
Employees
Over 30,000 (FY2025)Industry
Used vehicle retail
Headquarters
Richmond, Virginia, US
Revenue (FY26)
$28.20 billion
Market Cap
$8.18 billionListed on
NYSE: KMX
CarMax, Inc. is a US used-vehicle retailer founded in 1993, when it opened its first store in Richmond, Virginia as a side business of Circuit City. The company is now the largest retailer of used cars in the United States and is headquartered in Richmond, Virginia. It trades on the New York Stock Exchange under the ticker KMX.
The business runs through two segments: CarMax Sales Operations, which buys and sells used vehicles, and CarMax Auto Finance, which provides financing to its customers. By the end of fiscal 2025 (ended February 28, 2025) CarMax operated 250 store locations across the country and employed over 30,000 associates.
Recent trailing-twelve-month revenue stands at about $28.20 billion, and CarMax's market capitalization sits near $8.18 billion. In 2026 the company appointed Keith Barr as President and Chief Executive Officer, effective March 16, 2026, following a period of interim leadership.
President and Chief Executive Officer
Interim Executive Chair of the Board
Executive Vice President and Chief Financial Officer
Executive Vice President, Chief Information and Technology Officer
Interview experience
Favorable
Interview difficulty
Medium
Interview process length
About a day or two
Practice real CarMax interview questions with Hyring's AI interviewer and get instant, structured feedback before the real thing.
Q: How would you approach building rapport with a customer on the car lot?
A: Lead with a warm, low-pressure greeting, ask open questions about what they need the car for, and listen before pitching so the conversation feels like help, not a sales push.
Q: Tell me about a time you went above and beyond for a customer.
A: Use the STAR structure: set the situation, describe the extra step you chose to take, and close with the concrete result for the customer and the business.
Q: How do you handle helping multiple customers at once when things get busy?
A: Acknowledge everyone quickly, set honest expectations on wait times, prioritize by urgency, and loop in a teammate rather than letting anyone feel ignored.
Q: Take me through your experience in retail.
A: Walk through your roles in order, highlighting customer-facing responsibilities, any sales or targets you hit, and one or two moments that show you handle people and pressure well.
Practice real CarMax interview questions with Hyring's AI interviewer and get instant, structured feedback before the real thing.
Median total compensation
$166K
Total compensation
$88.9K
Total compensation
$131K
Total compensation
$157K
Total compensation
$200K
Reported average
$18.22/hr
141 Salaries submitted
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$15.50 to $30.70 per hour
Create an ATS-ready resume tailored to CarMax roles in minutes with Hyring's AI resume builder.
July 18, 2026
Law firm opens shareholder investigation into CarMax directors
Bernstein Liebhard LLP said it's investigating potential fiduciary duty breaches by certain CarMax directors and officers affecting shareholders who bought stock before June 20, 2025. The disclosure followed the earnings beat, after which KMX shares had risen about 7.2%.
#Governance #Shareholders #Investigation
View postJuly 15, 2026
KMX stock climbs as turnaround gains momentum
CarMax shares rose about 6.24% in a session as investors backed the turnaround, with the stock recovering from roughly $50 toward $59. Stephens upgraded KMX to Overweight with a $66 target, and CEO Keith Barr bought about $498,000 of shares alongside a director purchase, signaling confidence in the plan.
#StockMovement #AnalystUpgrade #InsiderBuying
View postJune 17, 2026
CarMax reports first quarter fiscal 2027 results
CarMax posted net revenues of $8.0 billion, up 6.2% year over year, with diluted EPS of $1.31 that beat the analyst consensus of about $0.96. The quarter was the first full period under new CEO Keith Barr, who paired the results with a four-part strategic framework covering pricing, digital and in-store integration, financing and protection plans, and cost cuts.
#Earnings #Q1FY27 #KMX
View postMarch 27, 2026
New CEO Barr puts technology at center of customer experience plan
Keith Barr laid out three priorities for fiscal 2027, with technology modernization as the cornerstone for improving the buying experience and helping associates serve customers. His plan responds to competitive pressure from Carvana and activist criticism of CarMax's digital trade-in process.
#CEO #Strategy #DigitalTransformation
View postFebruary 12, 2026
CarMax names Keith Barr as chief executive officer
CarMax named former IHG Hotels & Resorts CEO Keith Barr as president and CEO, effective March 16, 2026, as the retailer works through a turnaround after several years of soft used-car demand. Barr succeeded interim CEO David McCreight, who returned to his role as an independent director.
#Leadership #CEO #Turnaround
View postCarMax is the largest used-vehicle retailer in the United States. It buys and sells used cars through CarMax Sales Operations and provides customer financing through CarMax Auto Finance, selling both in physical stores and online.
