Starboard Value pressures CarMax (KMX) to cut costs, revamp pricing, and streamline digital sales, nominating 2 directors.

Starboard Value LP has amassed a stake of about $350 million in CarMax Inc. and sees an opportunity to accelerate the used car retailer’s turnaround under incoming Chief Executive Officer Keith Barr.

By Svea Herbst-Bayliss NEW YORK, March 10 (Reuters) - Starboard Value has taken a stake in CarMax and nominated two directors ...

Starboard Value took a $350M stake in CarMax, nominated two directors, and urged improvements in digital user experience, cost cuts, and pricing strategy.

Starboard Value LP (together with its affiliates, "Starboard"), a significant stockholder of CarMax Inc. ("CarMax" or the "Company") (NYSE: KMX), today announced that it has delivered a letter to ...

Activist investor Starboard Value on Wednesday urged CarMax to revamp its digital car-buying and ​selling platform and tighten costs, arguing the ‌used-car retailer has "fallen well short of its ...

March 9 (Reuters) - Starboard Value on Monday urged Lamb Weston to double its cost-cutting targets and review its international operations, as the activist investor revealed a stake in the frozen ...

Starboard Value invests $350M in CarMax (KMX) stock, nominating two directors and pushing for cost cuts worth $300M. KMX down 42% in 12 months.

March 8 (Reuters) - Activist investor Starboard Value has built a sizable stake in Lamb Weston and is urging the french-fry maker to speed up operational improvements and cost cuts to help lift its ...

Activist investor backs incoming CEO Keith Barr and sees potential for cost cuts exceeding $300 million at the used-car retailer.