CarMax launches a new “Wanna Drive?” campaign featuring stars Paige Bueckers and Donovan Mitchell to enhance customer car-buying experiences.
Quiver AI Summary
CarMax, Inc. has launched a new campaign as part of its "Wanna Drive?" initiative, featuring NBA and WNBA stars Paige Bueckers and Donovan Mitchell in a multi-year partnership. The campaign emphasizes CarMax's commitment to customer empowerment in buying and selling cars, showcasing how it enables consumers to control their experience. Bueckers appears in an ad using the company's AI assistant, Skye, for an online car purchase, while Mitchell highlights the convenience of selling a car with at-home pickup. This partnership aims to connect athletes with fans and to promote women's sports, as CarMax continues to deepen its involvement in the basketball community. The ads will air across various platforms, including major sports networks and streaming services, with both athletes participating in community events to further engage fans.
Potential Positives
- CarMax launches a new campaign featuring multi-year partnerships with basketball stars Paige Bueckers and Donovan Mitchell, enhancing brand visibility and engagement with sports fans.
- The campaign highlights CarMax's innovative technology, such as the AI-powered virtual assistant, showcasing the company's commitment to a seamless and customer-centric car-buying experience.
- CarMax significantly increases its support for women's sports and strengthens its reputation as a champion for athletes, reflecting a socially responsible image and appealing to a diverse customer base.
- The advertising spots will reach a wide audience through major platforms like ABC, CBS, ESPN, and Amazon Prime, increasing brand exposure and potential customer engagement.
Potential Negatives
- The press release does not provide any financial details or performance metrics that could indicate the impact of the new campaign, raising concerns about the effectiveness and justification of the marketing investment.
- While emphasizing their partnerships with basketball stars, the release lacks a clear strategy on how these endorsements will translate into customer engagement or sales growth, leaving uncertainty about their effectiveness.
- The heavy focus on celebrity partnerships might distract from the core message of customer empowerment and service quality, potentially alienating customers who prioritize practical benefits over celebrity endorsements.
FAQ
What is CarMax's new campaign about?
CarMax's new campaign features basketball stars Paige Bueckers and Donovan Mitchell, promoting their “Wanna Drive?” initiative emphasizing customer empowerment.
Who are the featured athletes in the CarMax campaign?
The campaign features NBA star Donovan Mitchell and WNBA star Paige Bueckers, showcasing their personalities and experiences.
How does CarMax's technology make car buying easier?
CarMax offers an AI-powered virtual assistant and express pickup options, making the car buying and selling process streamlined and convenient.
How is CarMax supporting women’s sports?
CarMax has significantly increased its commitment to women’s sports, supporting the WNBA and promoting female athletes through its campaigns.
Where can viewers see the new CarMax ads?
The new ads will premiere on sports networks like ABC and ESPN, and also on platforms like YouTube, Amazon Prime, and TikTok.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$KMX Insider Trading Activity
$KMX insiders have traded $KMX stock on the open market 3 times in the past 6 months. Of those trades, 2 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $KMX stock by insiders over the last 6 months:
- MARK F ONEIL purchased 10,816 shares for an estimated $499,807
- JON G DANIELS (EVP, CAF) sold 1,540 shares for an estimated $108,785
- MITCHELL D STEENROD purchased 2,000 shares for an estimated $91,140
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$KMX Hedge Fund Activity
We have seen 295 institutional investors add shares of $KMX stock to their portfolio, and 519 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HOLOCENE ADVISORS, LP removed 3,366,823 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $226,284,173
- PRINCIPAL FINANCIAL GROUP INC removed 2,409,710 shares (-93.7%) from their portfolio in Q3 2025, for an estimated $108,123,687
- DIAMOND HILL CAPITAL MANAGEMENT INC removed 2,128,619 shares (-30.6%) from their portfolio in Q3 2025, for an estimated $95,511,134
- NORGES BANK removed 2,079,043 shares (-40.2%) from their portfolio in Q2 2025, for an estimated $139,732,480
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 1,494,205 shares (+73.7%) to their portfolio in Q3 2025, for an estimated $67,044,978
- VULCAN VALUE PARTNERS, LLC added 1,338,134 shares (+135.2%) to their portfolio in Q3 2025, for an estimated $60,042,072
- VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. removed 1,335,111 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $59,906,430
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$KMX Analyst Ratings
Wall Street analysts have issued reports on $KMX in the last several months. We have seen 1 firms issue buy ratings on the stock, and 2 firms issue sell ratings.
Here are some recent analyst ratings:
- Barclays issued a "Underweight" rating on 11/12/2025
- JP Morgan issued a "Underweight" rating on 11/06/2025
- Baird issued a "Outperform" rating on 09/26/2025
To track analyst ratings and price targets for $KMX, check out Quiver Quantitative's $KMX forecast page.
$KMX Price Targets
Multiple analysts have issued price targets for $KMX recently. We have seen 13 analysts offer price targets for $KMX in the last 6 months, with a median target of $42.0.
Here are some recent targets:
- John Babcock from Barclays set a target price of $28.0 on 11/12/2025
- Daniela Haigian from Morgan Stanley set a target price of $35.0 on 11/10/2025
- Scot Ciccarelli from Truist Securities set a target price of $35.0 on 11/07/2025
- Steven Shemesh from RBC Capital set a target price of $34.0 on 11/07/2025
- Michael Montani from Evercore ISI Group set a target price of $35.0 on 11/07/2025
- Rajat Gupta from JP Morgan set a target price of $30.0 on 11/06/2025
- David Bellinger from Mizuho set a target price of $46.0 on 10/16/2025
Full Release
RICHMOND, VA, Nov. 17, 2025 (GLOBE NEWSWIRE) -- CarMax , Inc. (NYSE: KMX), the nation’s largest retailer of used cars and the Official Auto Retailer of the NBA and WNBA, is back in the game with a new campaign and multi-year partnerships with basketball stars Paige Bueckers and Donovan Mitchell. In this next chapter of CarMax’s “Wanna Drive?” campaign, the two athletes bring their signature confidence off the court, showing how CarMax empowers every customer to buy or sell on their own terms.
Key Takeaways:
- Star-Studded Lineup: CarMax tips off multi-year partnerships with WNBA and NBA stars Paige Bueckers and Donovan Mitchell, bringing these players closer to fans through ads and event appearances.
- In the Driver’s Seat: From Bueckers shopping online with help from CarMax’s AI-powered virtual assistant Skye, and using express pickup, to Mitchell selling his car “Spida style” by scheduling a convenient at-home pickup, the new spots show how CarMax puts the customer in control.
- Courtside Champions: CarMax keeps basketball and women’s sports in the spotlight, highlighting athletes and their game-changing impact on and off the court.
New “Wanna Drive?” Ad Spots
The new “Wanna Drive?” spots from 72andSunny Los Angeles feature Bueckers and Mitchell bringing their own signature style and energy to the screen, alongside the new CarMax House Band introduced earlier this year. The campaign brings CarMax’s seamless experience to life, and showcases how the company is reshaping the way customers approach buying and selling – making the process as effortless as Bueckers or Mitchell sinking a three-pointer.
In Bueckers' spot, she shops for her next ride with help from CarMax’s AI-powered virtual assistant, Skye, completing paperwork from her new home in Texas before finishing the process in person with express pickup. Meanwhile, Mitchell sells his car “Spida style,” receiving a quick online offer and scheduling an at-home pickup, a new offering CarMax recently rolled out to the majority of customers that allows them to sell their car and have it picked up from the comfort of their home or office. In both ads, the message is clear: the customer is always in the driver’s seat.
“Partnering with CarMax is such an incredible opportunity,” said Paige Bueckers. “I’ve always admired how CarMax celebrates WNBA athletes and ensures our personalities shine through their ads, so being part of that roster of basketball stars is such an honor. I loved that this campaign both celebrated my new life in Texas and showed how CarMax’s technology and flexible options make buying a car so easy.”
“I like taking control on the court, and the same goes for buying or selling a car,” said Donovan Mitchell. “CarMax lets customers do it all on their terms. And when the deal’s done, find me a pair of drumsticks to celebrate the W with a solo!”
CarMax Deepens its Commitment to Sports
Over the years, CarMax commercials have become a fixture during NBA and WNBA broadcasts, winning over basketball fans with creative spots that showcase the personalities of their favorite players. Past campaigns have featured some of the game’s biggest names, giving fans a glimpse into athletes’ lives beyond the court.
As the Official Auto Retailer of the NBA and WNBA and a longtime partner of both leagues, CarMax continues to strengthen its connection with basketball fans while championing the growth of women’s sports. Since 2020, CarMax has scaled its commitment to women’s sports more than tenfold and, as a WNBA Changemaker, has strategically supported initiatives to elevate the league and its athletes. CarMax also now serves as a presenting partner of Amazon’s new show NBA on Prime Pregame , finding fresh ways to engage and connect with NBA fans.
“Paige and Donovan are more than elite athletes – they are cultural leaders whose talent, drive, and authenticity inspire their millions of fans,” said Sarah Lane, CMO, CarMax. “Just as these incredible athletes lead on the court with skill and confidence, CarMax is proud to deliver the most customer-centric car buying and selling experience in the industry. Together, we want to show what it looks like to drive the game, and put the customer in control.”
Starting today, the spots will premiere across linear sports (including ABC, CBS, ESPN) as well as Amazon Prime and Peacock. It will also extend to major platforms including YouTube, Meta and TikTok.
Beyond the ad spots, Bueckers and Mitchell will be participating in personal appearances, community engagements and other activations that connect with fans and support the growth of basketball.
The spots can be found here and here .
For more information and to sell, shop or browse for your next car, visit CarMax.com .
About CarMax
-
Founded more than 30 years ago, CarMax set out to fundamentally change the way people buy used cars — offering the honesty and transparency customers deserve. It was the original disruptor to introduce a true "no-haggle" car-buying model, setting a new standard for the industry.
- Today, CarMax has grown into the nation's largest retailer of used cars with more than 250 stores nationwide and more than 28,000 associates, and is proud to have been recognized for 21 consecutive years as one of the Fortune 100 Best Companies to Work For®.
- At CarMax, customers are in the driver’s seat. Whether shopping online, in-store, or a combination of both, we make the process seamless and empowering — offering guidance at every step so you feel confident in your purchase.
- CarMax gives customers the flexibility to buy a vehicle online and either pick it up quickly in-store through express pickup or have it delivered to their home or workplace with home delivery (available within a 60-mile radius of select stores).
- CarMax offers a 10-day Money Back Guarantee so customers have plenty of time to decide if the car they buy is right for their life.
- For customers trading in or selling, at CarMax, we’ll buy your car even if you don’t buy ours®. Get an online offer in two minutes or less; it’s good for seven days to compare options. Track your car’s estimated value over time with Offer Watch, with no purchase or sale required, and then sell the car and have it picked up from the comfort of your home or office with an at-home pickup (fee and restrictions may apply).
- Customers can shop CarMax's nationwide inventory of more than 45,000 cars with upfront pricing, and have the option to ship to the customer’s local store (fee and restrictions may apply), with no pressure to buy.
- For more information, visit CarMax.com .
Attachments
- Paige Bueckers and Donovan Mitchell Take the Wheel in CarMax’s “Wanna Drive?” Campaign
- Paige Bueckers and Donovan Mitchell Take the Wheel in CarMax’s “Wanna Drive?” Campaign