CarMax shares jump after reports of 145 corporate job cuts
CarMax shares rose as high as 3% on Monday after reports the company cut 145 corporate staff in its third layoff in 12 months, as it seeks to cut costs amid rising interest rates.
Shares of CarMax (KMX) rose as much as 3% on Monday after reports said the company cut 145 corporate workers in its third round of layoffs in 12 months as it looks to reduce costs amid rising interest rates. The stock is still up roughly 50% this year after a brutal 2025, when used-car demand, price com…