Fundz

CARMAX INC

Automotive, E Commerce, Other · 31,000 employees

Funding history

  • Series asset-backed notes — $750.0M — Feb 2026
  • Funding Round — $98.2M — Jun 2021

Recent signals

  • Jun 08, 2026: CarMax Appoints New Principal Accounting Officer
  • Jun 03, 2026: SEC 8-K (5.02): On June 3, 2026, CarMax, Inc. announced the planned retirement of Jill Livesay, the Vice President, Controller, and Principal Accounting Officer, effective July 31, 2026. This decision was not due to any disagreement regarding the company's operations or practices. To fill her vacancy, Enrique N. Mayor-Mora, the current Executive Vice President and Chief Financial Officer, has been appointed as the new Principal Accounting Officer, effective upon Ms. Livesay's retirement. This transition may impact the company’s financial oversight and reporting practices as it gains a new accounting leader.
  • May 12, 2026: SEC 8-K (5.02): On May 12, 2026, CarMax, Inc. announced plans to add Robert T. O’Shaughnessy to its Board of Directors, contingent upon shareholder approval at the upcoming 2026 Annual Meeting of Shareholders. This change is part of a management transition that includes the retirement of Shira Goodman and Mitchell Steenrod, who will not stand for re-election at the Annual Meeting. Mr. O’Shaughnessy, age 60, has significant experience in financial and operational leadership within industries, including direct expertise in the auto sector, which is expected to be beneficial for CarMax's strategic direction. His appointment is seen as bringing valuable insights into shifting market dynamics, with his previous role as Executive Vice President of PulteGroup, Inc. ending in March 2026.
  • Mar 01, 2026: SEC 8-K (5.02): On March 1, 2026, CarMax, Inc. entered into amended and restated severance agreements with several executive officers, including Enrique Mayor-Mora, Charles Joseph Wilson, and Shamim Mohammad. These agreements amend and supersede the existing severance arrangements for these executives. Significant conditions include provisions for termination of employment without cause, which would activate specific severance benefits, and stipulations allowing executives to resign for good reason within two years following a change in control. This reflects a strategic adjustment to attract and retain key management talent in the context of potential corporate transitions.
  • Feb 20, 2026: Raised $750.0M in Series asset-backed notes
  • Feb 12, 2026: CarMax Appoints Keith Barr as President and CEO
  • Feb 12, 2026: CarMax Appoints Keith Barr as Chief Executive Officer
  • Feb 10, 2026: SEC 8-K (5.02): On February 10, 2026, CarMax, Inc. appointed Keith Barr as the new President and Chief Executive Officer (CEO) effective March 16, 2026. This decision was made by the Board of Directors, who also increased the size of the Board from nine to ten directors to accommodate Mr. Barr's appointment. Keith Barr, who is 55 years old, previously served as the CEO of InterContinental Hotels Group PLC from July 2017 to June 2023 and has extensive experience in the hospitality industry. The strategic implications of this leadership change could signal a new direction for CarMax under Mr. Barr's guidance in enhancing company performance and growth.

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