Car-Mart hires CarMax exec Brian Stone to help with procurement, inventory management

by Jeff Della Rosa ([email protected]) 1,292 views 

Rogers-based America’s Car-Mart Inc. has named Brian Stone as executive vice president, procurement and inventory, effective March 21, according to a Wednesday (March 16) news release.

President and CEO Jeff Williams said this is a new role for Car-Mart.

“As we look to capitalize on market share opportunities for our unique offering, procurement and inventory management through data are critical to our success,” Williams said. “Brian’s 20 years with CarMax and his relevant experience in areas we are focused on will help our team reach our full potential.”

According to the release, Stone started at CarMax in vehicle procurement and quickly progressed to senior roles, including vice president of operations and vice president of strategy, mergers and acquisitions. Also, Stone has co-founded digital-heavy startup companies that involve ride sharing and purchasing cars from the public.

“Brian is an effective and proven leader with a great reputation in our industry,” Williams said. “His experience aligns well with our current initiatives regarding improvements through data analysis, reconditioning, inventory management and leveraging industry partnerships, among other areas of focus. We are delighted to add Brian to our dedicated team, and we look forward to the impact that he will have on our efforts to capitalize on significant market growth opportunities in the coming years.”

Shares of Car-Mart (NASDAQ: CRMT) were trading Wednesday at $94.06, up $5.05 or 5.67%. In the past 52 weeks, the stock has ranged from $86.41 to $177.45.