9 Stocks Jim Cramer Talked About in a Show Where He Advised OpenAI to Slow Down

3. CarMax, Inc. (NYSE:KMX)

Number of Hedge Fund Holders In Q2 2025: 54

CarMax, Inc. (NYSE:KMX) is one of the largest used vehicle retailers in America. November hasn’t been a good month for the stock as its shares tumbled by a whopping 24% during trading on the 6th after it announced that its CEO would step down. Alongside the announcement, CarMax, Inc. (NYSE:KMX) also shared its outlook for the fiscal third quarter. The outlook suggested that the firm expects to earn $0.18 to $0.36. The earnings guidance was sharply lower than analyst estimates of $0.36. As part of its release, CarMax, Inc. (NYSE:KMX)’s management asserted that as it searches for a new CEO, it will focus on sales growth and cost reduction. Cramer discussed the car market as he commented on CarMax, Inc. (NYSE:KMX):

“Now Carmax it turned out to be very poorly run and they misjudged the market badly. But they’ve created a wholesale auto glut, which is one of the reasons why, that’s in the CPI, rents, remember. . .”