WASHINGTON (WAVY) — CarMax will pay at least $420,000 in damages to servicemembers and a civil penalty of nearly $80,000 to the U.S. as part of a settlement with the company after the Department of ...

According to the settlement, CarMax will pay at least $420,000 in damages to service members and a civil penalty of $79,380 ...

Starboard Value LP has amassed a stake of about $350 million in CarMax Inc. and sees an opportunity to accelerate the used car retailer’s turnaround under incoming Chief Executive Officer Keith Barr.

The Justice Department secured a settlement requiring CarMax to compensate servicemembers over alleged unlawful vehicle ...

America's biggest used-car dealership illegally repossessed several cars in the late 2010s and early 2020s and has been ...

Activist investor Starboard Value on Wednesday urged CarMax to revamp its digital car-buying and selling platform and tighten ...

Activist investor Starboard Value is suggesting that CarMax clip a few hundred bucks off its prices and shift to more dynamic pricing in order to make it more competitive for market share.

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 Value took a $350M stake in CarMax, nominated two directors, and urged improvements in digital user experience, cost cuts, and pricing strategy.

CarMax is the first U.S. car retailer to launch an app in ChatGPT, providing customers a new fast and easy way to shop for their next vehicle.

CarMax, which claims the title of nation’s largest retailer of used cars, now claims the title of first U.S. auto retailer to ...