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Richmond VA largest US used car retailer (NYSE: KMX) at $26.37B FY2025 revenue; CEO Nash stepping down Dec 2025 with Q3 FY2026 comp sales -8-12% and Edmunds integration competing with Carvana for used vehicle omnichannel retail.
CarMax, Inc. is a Richmond, Virginia-based used car retailer — publicly traded on the New York Stock Exchange (NYSE: KMX) as an S&P 500 component — operating as the largest used vehicle retailer in the United States with 250 stores across 109 television markets, 30,000+ associates, and fiscal year 2025 revenue of $26.37 billion (fiscal year ended February 28, 2025). Founded in 1993 as a Circuit City subsidiary in Richmond, CarMax pioneered no-haggle pricing and quality inspections in the used car market, introducing a consumer-friendly alternative to high-pressure dealership tactics. CarMax acquired Edmunds (consumer automotive research) for $404 million in 2021, enhancing digital capabilities and cross-platform vehicle discovery. In late 2025, CarMax announced significant leadership changes: CEO Bill Nash stepped down effective December 1, 2025 after nearly nine years, with Board member David McCreight named Interim President and CEO and former CEO Tom Folliard appointed Interim Executive Chair. The leadership transition came alongside a preliminary Q3 FY2026 outlook showing comparable store used unit sales declining 8-12% amid a soft used car market.
Zara's parent Inditex posted record €6.2B profit in 2025, moving upmarket with fewer, larger stores as Shein dominates the ultra-budget segment.
Zara is the flagship brand of Inditex, the world's largest fashion group, founded in 1975 by Amancio Ortega in Arteixo, Spain. Inditex operated 5,460 stores across 93 markets as of early 2026, and Zara accounts for the largest share of its revenue. For the fiscal year ending January 2026, Inditex reported total sales of €39.9 billion (up 3.2%) and record net profit of €6.22 billion (up 6%), driven by Zara's combination of trend-responsive design, vertically integrated supply chain, and premium positioning relative to ultra-fast fashion rivals.
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