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Story summary
- CarMax cut roughly 145 corporate jobs, about 60 in Richmond, Virginia.
- The cuts equal about 4% of CarMax’s corporate staff.
- They are the third round this year after 350 jobs in Oct 2025 and 230 in Jan 2026.
- Affected employees will receive pay through Oct 2 and get severance and outplacement assistance.
- Keith Barr announced four strategic pillars, including ‘running lean,’ to boost sales and earnings.
