CarMax shuffles its board chairs

New faces, old seats

CarMax says it plans to add Robert O'Shaughnessy to its Board of Directors, but there’s a catch: shareholder approval still needs to happen at the company’s 2026 annual meeting. So this is more “coming soon” than “done deal.”

A couple of chairs are emptying out

At the same time, the company said Shira Goodman and Mitchell Steenrod won’t stand for re-election. In board-speak, that means two directors are on the way out as CarMax refreshes the lineup.

Why investors should care

Board changes usually aren’t the stuff of fireworks, but they can matter. New directors can bring different priorities, fresh oversight, or a subtle shift in how the company thinks about capital allocation, governance, and long-term strategy. Translation: this is less about a quick stock pop and more about who’s helping steer the ship.

Big picture: if you own the stock, this is the kind of news you file under “worth watching, not worth panicking.”