Why CarMax Stock Just Crashed
Source: Motley Fool
2026-02-12 13:29:38 ET
Wow. What's the opposite of a "vote of confidence?" A vote of no confidence, perhaps? Because that seems to be the way investors are voting on CarMax 's (NYSE: KMX) decision to appoint a new CEO this morning:
Interim CEO David McCreight is out, former InterContinental Hotels Group (NYSE: IHG) head Keith Barr is in as CarMax CEO -- and the stock's down 12% as of 1:05 p.m. ET.
Image source: Getty Images.
CarMax Inc
NASDAQ: KMX
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$41.92 Open:
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February 27, 2026 10:36:12 am
CarMax Launches First-of-Its-Kind Car Shopping and Selling Experience in ChatGPT App Store
KMX Stock Data
$6,531,862,268
139,386,098
0.04%
226
N/A
Vehicles
Consumer Discretionary
US
Richmond
