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Virginia’s publicly traded companies defy economic slowdown
Virginia’s top publicly traded companies like Freddie Mac, Boeing, and RTX posted significant revenue gains in 2025 despite the state’s slow economic growth.
Top Five: March 2026
1 | ICE eyes massive Hanover warehouse for processing facility Hanover County received a letter from Homeland Security confirming its intent to buy a 552,576-square-foot warehouse as a processing facility for detainees, though the owner later backed out of the sale amid vocal opposition from the public and county supervisors. (Jan. 23) 2 | Couple […]
Data centers, manufacturing drive growth in Central Virginia
Central Virginia's 2025 growth driven by major data center projects and manufacturing investments, including Google, AstraZeneca, and Eli Lilly expansions.
CarMax to pay nearly $500,000 in DOJ settlement
CarMax has agreed to pay nearly $500,000 to settle allegations that it violated the Servicemembers Civil Relief Act.
CarMax names Barr as next CEO
Goochland County-based CarMax on Thursday named Keith Barr as its next president and CEO, who will take over the helm at the Fortune 500 used car retailer as it navigates a turnaround plan and lower demand.
Fortune 500 retailer CarMax lays off 230 employees, many in Virginia
Goochland County-based Fortune 500 used car retailer CarMax has laid off approximately 230 employees, including 113 in the Richmond area.
CarMax CEO out after nearly a decade
CarMax CEO Bill Nash is stepping down after nearly 10 years. David McCreight will serve as interim CEO starting Dec. 1.
Fortune 500 retailer CarMax lays off 350 employees
Goochland County-based Fortune 500 used car retailer CarMax is laying off about 350 employees nationally, including 55 in Virginia.
Retail | Wholesale | Food | Beverage 2025: NASH, WILLIAM D. ‘BILL’
Nash began at CarMax in 1997 as an auction manager, working his way up to president and CEO in 2016. Founded in 1993 in Richmond as a subsidiary of electronics retailer Circuit City, Fortune 500 company CarMax is the country’s largest retailer of used cars, employing almost 30,000 people, including 3,300 in Virginia. It reported […]
CarMax leaves Martin Agency, transfers ad account to L.A. firm
Fortune 500 used car retailer CarMax, headquartered in Goochland County, has chosen a new creative agency of record, leaving Richmond-based marketing and ad firm The Martin Agency, which held the account since 2019. The nation’s largest used car retailer announced Wednesday it has appointed 72andSunny’s Los Angeles office as its creative AOR “following a competitive […]
Smooth sailing for Virginia’s publicly traded companies, except Boeing
Overall, Virginia’s largest publicly traded companies saw 2024 as a successful year, reflecting the nation’s economic upswing of about 3% each quarter. Except for Boeing and “its ghastly record,” as George Mason University’s Terry Clower memorably said late last year about the Arlington-based Fortune Global 500 aerospace and defense giant. In January 2024, a Boeing […]
Richmond Flying Squirrels’ new stadium will be CarMax Park
With confetti flying and a DJ playing walk-up music for Richmond‘s mayor and other luminaries, the Richmond Flying Squirrels announced Wednesday that Fortune 500 company CarMax will be naming sponsor for the Squirrels’ new ballpark starting with the 2026 season. The replacement for the Richmond Diamond will be known as CarMax Park, officials with the […]
