CarMax's Latest Round of Layoffs Will Result in $6M Charge This Quarter -- Market Talk
Dow Jones2026/09/29 13:030903 ET - CarMax earlier this month slashed 145 white-collar jobs, or about 4% of its corporate staff. The cuts are expected to result in roughly $6 million in severance expenses during the current quarter, CFO Enrique Mayor-Mora says on a call with analysts. The recent round of layoffs marked the first of such action under CEO Keith Barr, a former hospitality executive who took over in March with a mandate to reinvigorate the business. But it was CarMax's third round of job cuts in less than a year: the company cut 350 jobs in October 2025, and another 230 in January 2026. CarMax rises 6% premarket after posting higher F2Q profit and revenue. (connor.hart@wsj.com)
(END) Dow Jones Newswires
September 29, 2026 09:03 ET (13:03 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Domestic sales "underperform," PepsiCo (PEP.US) launches mass layoffs of thousands in North America
PepsiCo North America has cut about 1,000 jobs to streamline operations, as beverage sales in the third quarter fell by 2% year-on-year and the full-year profit outlook has been revised downward.
WLFI: Token buyback will be carried out on Aster through a public wallet
Layer 33 calls for a pause on removing validators under the new Solana Foundation regulations
HIVE’s Bitcoin output jumps 49%, but mining revenue still falls
Crypto prices
More
