Effective Dec. 1, 2025, current Chief Executive Officer Bill Nash is stepping down from his position and as a member of the board of directors. The news comes just over a month since CarMax announced a decrease in sales as part of its Second Quarter Fiscal Year 2026 Results.

David McCreight, a current member of the board of directors, will serve as interim president and CEO.

I am honored to serve as the Interim CEO at a critical point in CarMaxs history, said David McCreight, member of the Board and Interim Chief Executive Officer. Working with Tom, I am confident we can strengthen CarMax as the Board identifies a permanent CEO to successfully lead CarMax into its next phase of growth.

Current board of directors chair Tom Folliard has been appointed as interim executive chair of the boa

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