TSLA391.060-3.4%
GM77.7200.08%
F14.1800%
RIVN17.090-0.71%
CYD44.720-1.15%
HMC28.7700.88%
TM179.7602.84%
CVNA70.6400.05%
PAG204.7504.35%
LAD339.1607.79%
AN209.0005.46%
GPI331.65012.25%
ABG226.6608.23%
SAH102.8103.08%
TSLA391.060-3.4%
GM77.7200.08%
F14.1800%
RIVN17.090-0.71%
CYD44.720-1.15%
HMC28.7700.88%
TM179.7602.84%
CVNA70.6400.05%
PAG204.7504.35%
LAD339.1607.79%
AN209.0005.46%
GPI331.65012.25%
ABG226.6608.23%
SAH102.8103.08%
TSLA391.060-3.4%
GM77.7200.08%
F14.1800%
RIVN17.090-0.71%
CYD44.720-1.15%
HMC28.7700.88%
TM179.7602.84%
CVNA70.6400.05%
PAG204.7504.35%
LAD339.1607.79%
AN209.0005.46%
GPI331.65012.25%
ABG226.6608.23%
SAH102.8103.08%


CarMax

CarMax shares tumble 9.4% as same-store sales fall for fourth quarter

CarMax profit drops for 4th straight quarter, CEO unveils new growth strategy

- June 18, 2026
On the Dash: CarMax's used-car profit fell for a fourth straight quarter, despite an $8 billion revenue beat. Shares tumbled 9.4% as investors questioned the durability of the company's ongoing...
Industry News Articles
CarMax shares fall 14% as new CEO Keith Barr unveils turnaround plan focused on lower-priced vehicles amid softening consumer demand.

CarMax pivots to lower-priced vehicles as investors remain skeptical

- April 15, 2026
On the dash: CarMax posted mixed results in Q4, with slight growth but weaker profits, triggering a 14% stock drop The company is shifting toward lower-priced, higher-mileage vehicles as affordability...
Industry News Articles
CarGurus data breach

CarGurus allegedly hit in data breach, claiming 1.7 million records stolen

- February 24, 2026
On the Dash: Third-party marketplace breaches can expose corporate and potentially sensitive operational data. Voice phishing targeting SSO systems remains an active threat vector for automotive-related platforms. Dealers should reassess...
Industry News Articles
CarMax named one of TIME’s America’s Most Iconic Companies

CarMax named one of TIME’s America’s Most Iconic Companies

- February 16, 2026
RICHMOND, VA, Feb. 04, 2026 (GLOBE NEWSWIRE) -- CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, has been recognized by TIME Magazine as one of America’s Most Iconic...
Press Releases Articles
CarMax names Keith Barr as Chief Executive Officer

CarMax names Keith Barr as Chief Executive Officer

- February 12, 2026
RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE: KMX) (“CarMax” or the “Company”) today announced that Keith Barr has been appointed President and Chief Executive Officer, and a member of the Board of...
Press Releases Articles
CarMax lowers prices, trims margins, and increases marketing to boost used-car sales after declining revenue and earnings in 2025.

CarMax cuts prices, increases marketing to boost used-car sales in 2026

- January 8, 2026
On the Dash: CarMax will lower used-vehicle prices and margins while increasing marketing to drive unit sales in 2026. Third-quarter fiscal 2026 results showed net sales down 6.9% and earnings...
Industry News Articles
CarMax plans lower margins and more marketing to recover sales after a 9% decline in used-vehicle sales and rising online competition.

CarMax boosts marketing, cuts margins to fight sales slump

- December 19, 2025
On the Dash: CarMax’s comparable used-vehicle sales fell 9% in Q3, exceeding analyst expectations. The company will accept lower margins and increase marketing to attract buyers. Competition from online rivals,...
Daily Automotive News Articles
CarMax shares,

CarMax shares tumble after weak Q3 outlook and the unexpected CEO departure

- November 6, 2025
On the Dash: CarMax projects an 8%–12% drop in comparable used vehicle sales and EPS of 18–36 cents for Q3. CEO Bill Nash resigns unexpectedly; David McCreight and Tom Folliard...
Headlines Articles
Shares of CarMax plunged 20% in trading Thursday after the used auto retailer reported weaker-than-expected quarterly results.

CarMax shares tumble 20% after earnings miss, lowest close since March 2020

- September 26, 2025
On the Dash: CarMax shares fell 20% to $45.60, their lowest close since March 2020, after missing Wall Street’s earnings and revenue expectations. Quarterly revenue dropped 6% to $6.6 billion...
Headlines Articles

Toyota owners most-likely to trade in their vehicle for a used EV — CarMax report

- May 1, 2023
According to a recent report by used car dealer CarMax, Toyota was the most traded-in brand for used EVs in the U.S. between September 2022 and February 2023, with 12%...
Headlines Articles

Latest Articles

Ford files patent for smart tool tracking system in vehicles
Latest Articles 07/16/26

Ford files patent for smart tool tracking system in vehicles

Stellantis revives supplier program, JD Power sees transparency gains, Hyundai expands robotics strategy
Latest Articles 07/16/26

Stellantis revives supplier program, JD Power sees transparency gains, Hyundai expands robotics strategy

Bosch announces $225 million direct funding agreement with the U.S. Department of Commerce
Latest Articles 07/16/26

Bosch announces $225 million direct funding agreement with the U.S. Department of Commerce

Stellantis to prioritize four core brands in turnaround strategy, sources say The automaker plans to shift funding toward Jeep, Ram, Peugeot, and Fiat while maintaining its broader portfolio. On the Dash: Expect increased product investment and marketing support for Jeep, Ram, Peugeot and Fiat. Regional and niche brands may see reduced volume but more targeted positioning and shared platforms. Platform-sharing and rebadging strategies could affect inventory mix and model differentiation. Stellantis will concentrate most of its investment on four core brands as CEO Antonio Filosa pushes a turnaround strategy set for release May 21, according to a Reuters exclusive. The automaker has identified Jeep, Ram, Peugeot, and Fiat as its priority brands. It will allocate a “material increase” in funding to them, driven by their stronger global sales and profitability, marking a shift away from the company’s previous approach of distributing investment more evenly across its portfolio. Sign up for CBT News’ daily newsletter and get the latest industry stories delivered straight to your inbox. Stellantis will retain its 14-brand lineup, the largest in the industry, and will not shut down underperforming marques. Instead, the company will reposition secondary brands such as Citroën, Opel and Alfa Romeo to operate in regional or niche roles. These brands will rely on shared platforms and technology developed by the core brands while maintaining distinct styling and market identity. The strategy comes as Stellantis works to regain market share in the United States and Europe while facing growing competition from Chinese EV makers. The company earlier reported a 22.2 billion-euro charge tied to scaling back its EV plans, underscoring the urgency of the strategic shift. Its market valuation has also declined significantly in recent months. To support the transition, Stellantis will expand its use of shared “multi-energy” platforms that support electric, hybrid and internal combustion (ICE) vehicles. Additionally, the company is evaluating rebadging strategies and joint development programs, including collaborations with its Chinese partner, Leapmotor. Executives and investors backing the plan expect the increased focus on core brands to improve efficiency and strengthen financial performance. Analysts say Stellantis could still consider further consolidation if results fall short of expectations. Meta description (140 characters) Stellantis to boost funding for Jeep, Ram, Peugeot and Fiat, shifting strategy while maintaining its 14-brand global portfolio.
Latest Articles 07/16/26

Stellantis revives supplier rewards program to drive cost savings

Pricing transparency raises OEM website satisfaction, JD Power finds
Latest Articles 07/16/26

Pricing transparency raises OEM website satisfaction, JD Power finds

Hyundai takes full control of Boston Dynamics as robotics strategy accelerates
Latest Articles 07/16/26

Hyundai takes full control of Boston Dynamics as robotics strategy accelerates

Mitsubishi expands Texas port operations to speed dealer deliveries
Latest Articles 07/16/26

Mitsubishi expands Texas port operations to speed dealer deliveries

The AI platform capturing $10,000 a month in after-hours dealer revenue
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The AI platform capturing $10,000 a month in after-hours dealer revenue

Fighting payment anxiety in the F&I office with empathy and value
Latest Articles 07/16/26

Fighting payment anxiety in the F&I office with empathy and value

Mexico targets USMCA tariffs, Volkswagen expands affordable EVs, Lucid denies bankruptcy rumors
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Mexico targets USMCA tariffs, Volkswagen expands affordable EVs, Lucid denies bankruptcy rumors


CBT News
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