Story perspectives

CarMax Appoints Keith Barr as New CEO Amid Declining Sales

2/13/2026

Summary

Story summary

Keith Barr is appointed CarMax, Inc. President and Chief Executive Officer, effective March 16, 2026, replacing interim CEO David McCreight after Bill Nash was fired.
Barr previously led InterContinental Hotels Group as CEO, bringing expertise in digital transformation.
CarMax aims to revitalize operations amid declining sales and stock prices, facing competition from Carvana.
The stock fell nearly 11% after the announcement, signaling ongoing challenges.

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Story summary

Keith Barr is appointed CarMax, Inc. President and Chief Executive Officer, effective March 16, 2026, replacing interim CEO David McCreight after Bill Nash was fired.
Barr previously led InterContinental Hotels Group as CEO, bringing expertise in digital transformation.
CarMax aims to revitalize operations amid declining sales and stock prices, facing competition from Carvana.
The stock fell nearly 11% after the announcement, signaling ongoing challenges.