CarMax shares rise after tapping former IHG chief Keith Barr as CEO
ReutersFeb 12, 2026 1:26 PM
Shares of used-car retailer CarMax KMX.N up nearly 1% at $46 in premarket trading
CarMax says it has appointed Keith Barr as the CEO of the company effective March 16
Barr, a hospitality industry veteran, most recently served as CEO of InterContinental Hotels Group
Co is struggling to resell cars it bought at high prices as cash-conscious buyers are holding on to their older cars for longer periods
Barr takes over from Bill Nash who stepped down in November last year, amid a leadership shake-up
In 2025, KMX fell 52.7%
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