Why CarMax Stock Just Crashed
Source: Motley Fool
2026-02-12 13:29:38 ET
Wow. What's the opposite of a "vote of confidence?" A vote of no confidence, perhaps? Because that seems to be the way investors are voting on CarMax 's (NYSE: KMX) decision to appoint a new CEO this morning:
Interim CEO David McCreight is out, former InterContinental Hotels Group (NYSE: IHG) head Keith Barr is in as CarMax CEO -- and the stock's down 12% as of 1:05 p.m. ET.
Image source: Getty Images.
Intercontinental Hotels Group American Depositary Shares
NASDAQ: IHG
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