CarMax (KMX) Ousts CEO Bill Nash, Warns of Weak Q3; Shares Slide ~12% — Nov. 6, 2025
CarMax’s board fired CEO Bill Nash effective Dec. 1 and named director David McCreight interim CEO. The company issued weak Q3 guidance, forecasting an 8%–12% drop in comparable used unit sales and EPS of $0.18–$0.36. Shares fell about 12% on Nov. 6, 2025. A permanent CEO search is underway.