Tag: financial write-down
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Carmax CEO Fired Over $5.2 Billion MISTAKE! The End of The Auto Superstore?
In a stunning reversal of fortune, CarMax, America's biggest used vehicle merchant, faces possible collapse after a $5.2 billion write-down caused the abrupt shooting of CEO Costs Nash in November 2025. Once celebrated for its transparent, no-haggle model born in 1993 from Circuit City's vision of rely on a dubious market, CarMax developed its empire…