CarMax faces board challenge from Starboard Value for 2026 meeting
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CarMax Issues Statement on Engagement With Starboard Value
March 11, 2026 10:35 AM EDTRICHMOND, Va.--(BUSINESS WIRE)-- CarMax, Inc. (NYSE: KMX) ("CarMax" or the "Company"), today confirmed that its Board of Directors (the Board) received a notice from Starboard Value LP (Starboard), nominating two directors for election to the Companys Board at the 2026 Annual Meeting of Shareholders and issued the following statement.
CarMax has been taking the necessary steps to ensure that this business delivers on its potential and is responsive to shareholders, said Tom Folliard, Executive Chair of the Board. Our engagement with Starboard to date has been productive and we remain focused on continued... More
