CarMax cuts 145 white-collar jobs as used-car market softens

CarMax cut 145 white-collar jobs, about 4% of corporate staff, as the largest used-car retailer navigates a soft market with high prices and rising rates. CEO Keith Barr, who took over in March, is executing a turnaround plan focused on digital, financing, and cost reduction. Revenue slipped 2% to $25.9 billion last fiscal year. This is the third round of cuts in under a year.