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Campaigns / Starboard Value → CarMax Inc.
Starboard Value vs. CarMax Inc.

CarMax Inc. · KMX

1 deck published between 2026-03-10 and 2026-03-10 — 6 pages, 6 analysed slides total. Outcome: ongoing.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2026-03-10 initial thesis

    2026 03 Starboard_Value_LP_Letter_to_KMX_Incoming_CEO_03.11.2026

    6pp · letter

    CarMax's omnichannel flywheel is intact but stalled; new CEO Keith Barr can unlock value by fixing digital conversion, reconditioning costs, dynamic pricing, and SG&A discipline.