CarMax shares rise after tapping former IHG chief Keith Barr as CEO

Carmax

12/02/2026 13:26

** 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%

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))