William D. Nash is the President and CEO of CarMax, Inc., a position he has held since September 2016. He started his journey with CarMax in 1997 as an auction manager and rose through the ranks, gaining experience in merchandising...

William D. Nash is the President and CEO of CarMax, Inc., a position he has held since September 2016. He started his journey with CarMax in 1997 as an auction manager and rose through the ranks, gaining experience in merchandising and human resources. Nash holds a strong familiarity with the retail sector, particularly in used car sales, which is CarMax’s niche. Under his leadership, CarMax has enhanced its omni-channel platform, which combines online and in-store shopping experiences for customers—a strategic move that proved essential during the pandemic. In 2023, he received a total compensation package of $2.66 million, which included a significant performance-based bonus. Additionally, his insider trading data shows significant fluctuations in his stock holdings, with values reaching as high as $42.38 million in November 2021 as he actively managed his investments in the company. Nash's approach to leadership is grounded in performance metrics, focusing on long-term growth and customer satisfaction, and he aims to position CarMax as a leader in online buying for used vehicles.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other CarMax CEOs

C

William D. Nash

CEO of CarMax

Education

Not specified

Field of Expertise

Consumer Goods & Retail - Retail

Sector of Economy

Consumer Cyclical

Born

August 14, 1969 - 55 years ago

CEO of CarMax for

8 years 9 months (Sep 2016 - Present)

Previous Experience

Worked at Circuit City

Rivals

Competitors/colleagues of William D. Nash

A

Mike Jackson

CEO of AutoNation

2023 Compensation

Stock

$0.00

Salary

$1.30M

Bonus

$0.00

Other

$112.74K

Total Holdings

$18.83M

P

Roger S. Penske

CEO of Penske Automotive Group

2021 Compensation

Stock

$7.50M

Salary

$1.40M

Bonus

$0.00

Other

$581.69K

Total Holdings

$5.12B

T

Elon Musk

Founder and CEO of Tesla, Inc.

2023 Compensation

Stock

$1.86M

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$92.56B

L

Bryan B. DeBoer

CEO of Lithia Motors

2023 Compensation

Stock

$3.98M

Salary

$1.30M

Bonus

$2.67M

Other

$7.26K

Total Holdings

$51.43M

A

Michael Manley

CEO of AutoNation

2023 Compensation

Stock

$0.00

Salary

$1.30M

Bonus

$0.00

Other

$112.74K

Total Holdings

$8.82M

Holdings

See how much did William D. Nash make over time.

William D. Nash's stock holdings have shown remarkable volatility over the years. At one point in 2021, his holdings were valued at around $42.38 million, a peak that reflected his confidence in CarMax's performance. Throughout 2020 to 2021, there were...

William D. Nash's stock holdings have shown remarkable volatility over the years. At one point in 2021, his holdings were valued at around $42.38 million, a peak that reflected his confidence in CarMax's performance. Throughout 2020 to 2021, there were several instances where the value of his transactions reached impressive amounts, indicating times of strategic selling and buying as he reacted to market conditions. As of now, the worth of his holdings has lowered, but still remains substantial, demonstrating his lasting investment in CarMax. His insider activities highlight a proactive approach to managing his personal wealth, influenced by CarMax's growth trajectory and market performance. This keen oversight indicates both a deep commitment to the company and a sharp awareness of market trends.

Loading...

Insider Trading

See recent insider trades of William D. Nash.

No insider trades found for this CEO.

Compensation History

See how much did William D. Nash make over time.

In 2023, William D. Nash earned a total compensation of about $2.66 million as the CEO of CarMax. His salary alone was around $1.23 million, with a large part of his earnings coming from a performance-based bonus of roughly $1.43 million. His compensation reflects a strong alignments with performance metrics, emphasizing financial growth and market share objectives. This pay model ensures that his financial success is closely tied to the performance of CarMax, showcasing a strategic incentive structure that rewards him based on the company's overall success. In contrast, past years saw much higher total compensations, exceeding $13 million in certain years, which included long-term equity awards and vested stocks. These variations illustrate both Nash’s consistent drive for success and the fluctuating nature of executive compensation in a performance-driven environment.

Year

2023

Total Compensation

$2.66M

Salary

$1.23M

Board Justification

The compensation philosophy emphasizes aligning executive pay with performance, ensuring a significant portion of compensation is performance-based to drive long-term shareholder value.

Bonus

$1.43M

Board Justification

The annual incentive bonus is calculated based on performance against established goals, with a performance adjustment factor of 66.4% applied for fiscal 2024.

Other

$0.00

Board Justification

No additional compensation reported for 2023 outside of salary and bonus.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants vested in 2023 as the focus is on long-term equity awards which are not included in the total compensation calculation for this year.

Performance Metrics

Performance metrics for the annual incentive bonus included financial performance, market share growth, operational execution, and achievement of environmental and social objectives.

Other CarMax CEOs

Here are other CEOs of CarMax

Thomas J. Folliard

Ex-CEO of CarMax

August 2006 - August 2016

Charles Joseph Wilson

CEO of CarMax

November 2022 - Present