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CarMax Names Interim CEO Amid Stock Decline

11/9/2025

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Summary

Story summary

CarMax Inc. appointed David McCreight as interim chief executive officer and Tom Folliard as interim executive chair, effective December 1.
The leadership change follows a 24% decline in CarMax stock after a weak Q3 outlook.
CarMax projects an 8% to 12% decline in used unit sales.
Analysts have mixed ratings, with a consensus Hold and an average price target of $45.58.

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Story summary

CarMax Inc. appointed David McCreight as interim chief executive officer and Tom Folliard as interim executive chair, effective December 1.
The leadership change follows a 24% decline in CarMax stock after a weak Q3 outlook.
CarMax projects an 8% to 12% decline in used unit sales.
Analysts have mixed ratings, with a consensus Hold and an average price target of $45.58.