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The Latest Breaking News from Bill Nash

CarMax Orders Workers Back to Office 5 Days a Week — Then Lays Off 230 More Just Months After CEO Ousted

CarMax cuts 230 jobs and ends hybrid work for corporate staff amid declining sales, leadership changes, and fierce competition from Carvana.

International Business Times UK

BYD Is Stepping Up Its Game In Japan. Here's What It's Really After

BYD is China's rising electric vehicle giant, but it's still struggling to sell cars in Japan. Plus: America's auto sector has a warning for the broader economy.

InsideEVs

Carmax’s 2 Top 10 Unusually Active Options Sets Up for a Long Strangle: Should You Make the Bet?

There were 1,422 unusually active options in Thursday's trading. Used car retailer Carmax had two in the top 10, both with Vol/OI ratios above 59. Volatility is picking up. That sets up nicely for a possible long strangle.

Barchart

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Sudden depreciation in used car values hits CarMax hard

Used car values depreciated rapidly this summer as competitors were "aggressive" on pricing, CarMax CEO Bill Nash warned Thursday.

Axios

“I love using toy guitars that you have to wrestle with. It adds to the performance – you’re pulling from the instrument”: Dean DeLeo on why his favorite STP songs are the ones he didn’t write, and barging into Allan Holdsworth’s dressing room

The Stone Temple Pilots guitar icon explains how he stumbles upon songs, why nothing’s quite like a Telecaster, and how his latest spellbinding collaboration, One More Satellite, came to be

Guitar World

CarMax pulls financial targets timeline amid whipsaw tariff concerns

The company remains focused on growing sales and the bottom line, says CFO Enrique Mayor-Mora.

Fortune

CarMax is the latest company to nix long-term growth targets on earnings call: 'Why put a target out there?'

The company points to the "potential impact of broader macro factors."

Fortune

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CarMax CEO Bill Nash Talks About Selling Teslas and Industry Disruption

What's ahead for the used-car industry

Fortune

Alphabet's Wing CFO Shannon Nash shares her unique path to the C-suite

Nash, who is also an award-winning film producer, names Debbie Allen as one of her greatest mentors.

Fortune

“There’s not much swagger in that band.” For Glenn Hughes, joining Deep Purple wasn’t the clear-cut choice that you’d think

The ‘Voice of Rock' looks back on his decision to quit Trapeze in 1973, and why Ritchie Blackmore was “a bit eccentric”

Guitar World

Watch Noel Gallagher use a Fender Strat for High Flying Birds’ “blasphemous” cover of Joy Division’s Love Will Tear Us Apart

Seeing Noel play live with a Strat is a rarity but not everyone enjoyed the cover. Liam Gallagher said his brother's performance was “blasphemous” and apologised on Twitter

MusicRadar

He was a lieutenant on a submarine for 8 years. Now Cruise's CFO is navigating big plans for driverless cars

The company's driverless vehicles have traveled over one million miles.

Fortune

CarMax Q1 Earnings Top Estimates

CarMax Inc (NYSE:KMX) reported first-quarter FY23 sales growth of 21% year-on-year to $9.31 billion, beating the consensus of $9.12 billion. The company sold 427,257 units through combined retail and wholesale channels, a decrease of 5.5% Y/Y. KMX cited several macroeconomic factors that weighed on Q1 unit sales performance, including the lapping of stimulus…

People

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