CarMax Cuts 145 Corporate Jobs in Richmond Area

CarMax cuts 145 corporate roles in Richmond area

CarMax, Inc. said it eliminated 145 corporate positions across the Richmond, Virginia area and other locations in a move reported during the September 21–22, 2026 period, marking its third layoff in 12 months in the Consumer Discretionary sector. The reductions affect roles in Richmond, Dallas and Atlanta, and include employees at its Edmunds automotive research business, according to Richmond BizSense, TradingView and VirginiaBusiness reporting.

The companies reporting the action said the 145 positions represent roughly 4% of CarMax’s corporate staff and are part of a broader cost-reduction and turnaround plan intended to restart sales and restore profit amid softer used-car margins and higher borrowing costs, per the cited reports. Richmond BizSense and the other outlets noted this follows previous rounds of cuts of about 350 customer-experience roles in October 2025 and roughly 230 home-office and auto-finance roles in January, as well as more than 1,000 total cuts since summer 2024.

Those reports further stated that CarMax is targeting approximately $200 million in annualized overhead savings by the end of fiscal 2027 as it addresses weaker margins and lower net income.

Reported details and timing

The layoff notice, as reported by regional and business outlets, lists the primary impact in Richmond, Virginia, with additional eliminations tied to Dallas, Atlanta and the Edmunds unit. The company did not provide a public WARN filing in the materials supplied here; the facts above are drawn from Richmond BizSense, TradingView and VirginiaBusiness reporting.

In sum, the Consumer Discretionary layoffs announced Sept. 21–22 consist of 145 corporate job cuts at CarMax, Inc., affecting multiple U.S. office locations and including roles at the Edmunds business unit, as reported by the named outlets.