Starboard nominates directors to CarMax board

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Go back to Starboard nominates directors to CarMax board

Starboard Delivers Letter to CarMax

March 11, 2026 8:00 AM EDT

Views Appointment of New CEO Keith Barr as Timely Opportunity to Address Fixable Execution Gaps and Unlock CarMaxs Full Value Potential

Has Nominated Directors to Help Support the Next Phase of Execution and Accelerate Shareholder Value Creation

Believes CarMaxs Structurally Superior Omnichannel Model Is Not Reflected in Current Performance

Sees Clear Opportunities to Drive Improvement Through Enhanced Digital Execution, Reconditioning Efficiencies and Dynamic Pricing

Urges a Substantially Expanded SG&A Reduction Program to Restore Cost Discipline and Enhance Long-Term... More