CarMax cuts 145 corporate jobs in third layoff round
CarMax lays off 145 corporate staff as CEO Keith Barr pushes for leaner operations
In brief
CarMax lays off 145 corporate staff as CEO Keith Barr pushes for leaner operations CarMax's third layoff round in 11 months targets corporate staff to streamline operations under new CEO Keith Barr Originally reported by Pymnts.
First layoffs under new CEO
CarMax laid off 145 corporate staff as part of running leaner under CEO Keith Barr
“These changes will help us move faster and create better alignment across teams”
Third round in 11 months
CarMax eliminated 350 jobs in October 2025 and another 230 in January 2026
CEO's mandate
Barr became CEO with a mandate to reinvigorate CarMax amid high prices and rising interest rates
Digital transformation focus
Barr said improving digital car shopping experience reduces friction and boosts conversion
Recent financial results
CarMax reported net revenues increased 6.2% to $8 billion in the most recent quarter
Carvana's growth
Carvana sold 38% more used cars year over year while industry declined 4 points
What matters most
CarMax's third layoff round in 11 months targets corporate staff to streamline operations under new CEO Keith Barr
