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Corporate Score 82 Bullish

Starboard Builds $350 Million CarMax Stake, Seeks Board Seats

Mar 11, 2026 00:06 UTC
CMAX, HMC, TM
Short term

A BMW M8 vehicle at a CarMax dealership in Pleasant Hill, California, US, on Wednesday, Dec. 18, 2024. CarMax is scheduled to release earnings figures on December 19.

  • Starboard acquired a $350M stake in CarMax
  • Seeking board seats to influence corporate strategy

A BMW M8 vehicle at a CarMax dealership in Pleasant Hill, California, US, on Wednesday, Dec. 18, 2024. CarMax is scheduled to release earnings figures on December 19. Photographer: David Paul Morris/Bloomberg

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