CarMax Shares Drop Nearly 10% Following CEO Resignation and Dismal Forecast
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 06 2025
0mins
Should l Buy URBN?
Source: CNBC
CEO Departure and Interim Leadership: CarMax Inc. announced the unexpected resignation of CEO Bill Nash, with board member David McCreight stepping in as interim CEO and Tom Folliard appointed as interim executive chair, effective December 1.
Weak Financial Outlook: The company projected an 8% to 12% decline in comparable store used unit sales for the current fiscal quarter, with net earnings per diluted share expected to be between 18 and 36 cents, influenced by non-recurring expenses related to leadership changes.
Stock Performance and Analyst Reactions: CarMax shares fell approximately 10% in premarket trading following the announcement, and William Blair downgraded the stock from outperform to market perform, reflecting concerns over the company's performance.
Struggles in the Market: CarMax's stock has dropped about 50% in 2025, contrasting sharply with competitors like Carvana, which has seen a 52% increase this year, highlighting the challenges faced by CarMax in the used car retail market.
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Analyst Views on URBN
Wall Street analysts forecast URBN stock price to rise
12 Analyst Rating
6 Buy
6 Hold
0 Sell
Moderate Buy
Current: 68.260
Low
70.00
Averages
87.45
High
98.00
Current: 68.260
Low
70.00
Averages
87.45
High
98.00
About URBN
Urban Outfitters, Inc. is a lifestyle products and services company. The Company operates through three segments: Retail, Wholesale and Nuuly. The Retail segment includes its store and digital channels and primarily includes its Anthropologie, Free People, FP Movement and Urban Outfitters brands. In addition to retail stores, it offers products and services directly to its customers through its Websites, mobile applications, social media and third-party digital platforms, catalogs and customer contact centers. The Subscription segment includes the Nuuly brand, which primarily offers customers a more sustainable way to explore fashion through a monthly women’s apparel subscription rental service. The Wholesale segment primarily designs, develops and markets young women's contemporary casual apparel, intimates, FP Movement activewear and shoes under the Free People and FP Movement brands and the BDG and iets frans apparel collections under the Urban Outfitters brand.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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