The used car business runs on contracts, credit checks, and the occasional unpleasant phone call about missed payments. But ...

The FINANCIAL — The Justice Department today announced that it has reached a settlement with CarMax Inc., the nation’s largest retailer of used cars, to resolve allegations that CarMax violated the ...

The nation's largest retailer of used cars will have to pay nearly $500,000 as part of a settlement following allegations that it illegally repossessed motor vehicles owned by members of the military.

Car repossession rates have approached Great Recession levels in recent years, driven in part by post-pandemic economic ...

WASHINGTON (WAVY) — CarMax will pay at least $420,000 in damages to servicemembers and a civil penalty of nearly $80,000 to the U.S. as part of a settlement with the company after the Department of ...

Allegedly not handling vehicles correctly with members of the military on active duty landed CarMax in trouble with the Justice Department to the tune of nearly $500,000. On Monday, Justice Department ...

CarMax is facing a costly reckoning after federal civil-rights enforcers accused the company of seizing vehicles from active-duty personnel without the legal safeguards that protect those in uniform.

Activist investor Starboard Value is suggesting that CarMax clip a few hundred bucks off its prices and shift to more dynamic ...

CarMax is going all out to find auto technicians and other service department staff. The national used-car retailer announced it will hold in-person hiring events for automotive technicians and ...

RICHMOND, VA, Feb. 06, 2025 (GLOBE NEWSWIRE) -- CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, is hosting in-person hiring events for automotive technicians and service ...