CarMax Inc

KMX: XNYS (USA)

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CarMax: No Reason for Activist Stance by Starboard to Lead to Hostilities

David Whiston

Mar 11, 2026

Activist investing firm Starboard Value released a letter to incoming CarMax CEO Keith Barr on March 11. Starboard has invested about $350 million and is seeking two board seats for Starboard head Jeffrey Smith and home repair firm Frontdoor CEO William Cobb.

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CarMax Inc

CarMax: No Reason for Activist Stance by Starboard to Lead to Hostilities

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