Core Viewpoint - A class action lawsuit has been filed against CarMax, Inc. and certain senior executives for securities fraud following a significant stock drop attributed to potential violations of federal securities laws [1][3]. Company Overview - CarMax, Inc. is a retailer specializing in used cars, which has recently faced legal challenges due to allegations of misleading investors regarding demand for its vehicles [4]. Financial Performance - CarMax reported disappointing financial results for Q2 of fiscal year 2026, including a 5.4% decline in retail used unit sales, a 6.3% decline in comparable store used unit sales, and a 2.2% decline in wholesale units [6]. - The company's net income for Q2 was approximately $95.4 million, down from $132.8 million in the previous year, primarily due to a "pull forward" in demand caused by the announcement of U.S. tariffs on cars [6]. Stock Performance - Following the release of disappointing financial results on September 25, 2025, CarMax's stock price dropped by $11.45 per share, or roughly 20%, from $57.05 to $45.60 [7]. - An unexpected announcement regarding the departure of CEO Bill Nash on November 6, 2025, along with a weak preliminary Q3 outlook, led to an additional stock price drop of over 24% [7]. Legal Proceedings - Investors have until January 2, 2026, to request to be appointed to lead the class action case, which is currently pending in the U.S. District Court for the District of Maryland [3]. - The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in CarMax securities [3].

NEW YORK, Dec. 26, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in CarMax, Inc. ("CarMax, Inc." or the "Company") (NYSE: KMX) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of CarMax, Inc. investors who were adversely affected by alleged securities fraud between June 20, 2025 and November 5, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/carmax-inc-lawsuit-submissio ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased CarMax, Inc. securities between June 20, 2025, and November 5, 2025, of the January 2, 2026, deadline to become lead plaintiffs in a securities class action lawsuit [1]. Group 1: Class Action Details - Investors who bought CarMax securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by January 2, 2026 [3]. - The lawsuit alleges that CarMax's defendants made materially false and misleading statements regarding the company's growth prospects, which were overstated due to temporary market conditions [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company [4]. - The firm has been ranked No. 1 for securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions of dollars for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in litigation [4].

Core Viewpoint - A class action lawsuit has been filed against CarMax, Inc. and certain senior executives for securities fraud following a significant stock drop attributed to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Maryland, titled Jason Cap v. CarMax, Inc., et al., No. 1:25-cv-03602 [3]. - Investors have until January 2, 2026, to request to be appointed to lead the case [3]. Group 2: Financial Performance - CarMax reported disappointing financial results for Q2 of fiscal year 2026, with a 5.4% decline in retail used unit sales, a 6.3% decline in comparable store used unit sales, and a 2.2% decline in wholesale units [6]. - The net income for Q2 was approximately $95.4 million, down from $132.8 million in the previous year [6]. Group 3: Stock Price Movement - Following the financial results announcement on September 25, 2025, CarMax's stock price dropped by $11.45 per share, or roughly 20%, from $57.05 to $45.60 [7]. - The unexpected departure of CEO Bill Nash on November 6, 2025, along with a weak preliminary Q3 outlook, led to an additional stock price drop of over 24% [7]. Group 4: Company Operations - CarMax has been accused of misleading investors regarding the demand for its cars, which was allegedly boosted by short-term factors such as U.S. tariffs, rather than sustainable demand [4]. - The firm is also under investigation for how it assessed or reserved for its portfolio of car loans following the CEO's departure [5].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against CarMax, Inc. due to allegations of misleading statements regarding the company's growth prospects and financial performance, particularly related to loan losses and stock price decline [2][4]. Group 1: Legal Investigation and Claims - Faruqi & Faruqi, LLP is encouraging investors who suffered losses in CarMax between June 20, 2025, and September 24, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against CarMax, with a deadline of January 2, 2026, for investors to seek the role of lead plaintiff [2]. - The complaint alleges that CarMax and its executives violated federal securities laws by making false statements about the company's growth and failing to disclose critical information [4]. Group 2: Financial Performance and Impact - CarMax reported a decrease in income from CarMax Auto Finance (CAF) by 11.2%, with a provision for loan losses amounting to $142.2 million in the second quarter of fiscal 2026, compared to $112.6 million in the same period the previous year [5]. - The provision for loan losses included an increase of $71.3 million due to worsening performance among the 2022 and 2023 loan vintages, with an additional $70.9 million reflecting lifetime losses on current quarter originations [5]. - Following the financial results announcement, CarMax's stock price fell by $11.45 per share, approximately 20%, closing at $45.60 per share on September 26, 2025 [5].

Core Viewpoint - A securities class action lawsuit has been filed against CarMax, Inc. for allegedly misleading investors regarding the company's financial health and operational performance during the specified class period from June 20, 2025, to November 5, 2025 [1] Group 1: Allegations - The Complaint alleges that CarMax failed to disclose underperformance of its 2022 and 2023 vintage loans [2] - It is claimed that CarMax's loss reserves were inadequate to cover the underperforming loans [2] - The company reportedly had an oversupply of vehicles in early 2025, leading to significant depreciation of its inventory [2] - The sales boost in mid-2025 was primarily driven by customers purchasing used cars due to concerns over potential new-car tariffs [2] - The allegations suggest that CarMax materially overstated customer receivables, inventory values, and earnings, misleading investors about its business and growth prospects [2] Group 2: Stock Price Impact - The truth about CarMax's financial situation emerged through two corrective disclosures, the first being on September 25, 2025, when the company reported weak fiscal Q2 2026 results, leading to a 20.1% drop in stock price [3] - The second disclosure occurred on November 4, 2025, when CarMax announced the termination of CEO William Nash and warned of a sharp decline in used-car sales, resulting in an additional 24.3% decline in stock price [3]

Core Viewpoint - A class action lawsuit has been filed against CarMax, Inc. and certain senior executives for securities fraud following a significant stock drop attributed to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Maryland, titled Jason Cap v. CarMax, Inc., et al., No. 1:25-cv-03602, and claims are made under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3]. - Investors have until January 2, 2026, to request to be appointed to lead the case [3]. Group 2: Reasons for the Lawsuit - CarMax has been accused of securities fraud due to misleading statements regarding the demand for its used cars, which was allegedly inflated by short-term factors such as U.S. tariffs [4]. - The unexpected departure of CEO Bill Nash on November 6, 2025, is also under investigation to determine if CarMax properly assessed its portfolio of car loans [5]. Group 3: Stock Performance - On September 25, 2025, CarMax reported disappointing financial results, including a 5.4% decline in retail used unit sales and a net income drop from $132.8 million to approximately $95.4 million year-over-year [6]. - Following the financial report, CarMax's stock price fell by $11.45 per share, or about 20%, from $57.05 to $45.60 [7]. - The announcement of CEO Bill Nash's departure and a weak preliminary Q3 2025 outlook led to an additional stock drop of over 24% [7].

Core Viewpoint - A securities class action lawsuit has been filed against CarMax, Inc. by the Indiana Public Retirement System, alleging that the company misled investors regarding its financial health and inventory management during a specified class period [1][2]. Group 1: Lawsuit Details - The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5, covering all individuals and entities that purchased CarMax securities between June 20, 2025, and November 5, 2025 [1]. - The complaint expands upon a previous action by including additional allegations against CarMax's Executive Vice President Jon Daniels and claims regarding misleading information about loan-loss reserves and used car inventory value [2]. Group 2: Allegations Against CarMax - The action alleges that CarMax failed to disclose that its 2022 and 2023 vintage loans were underperforming and that its loss reserves were inadequate to cover these loans [5]. - It is claimed that CarMax had an oversupply of vehicles in early 2025, leading to significant depreciation of its inventory, and that mid-2025 sales were artificially boosted by customer concerns over potential new-car tariffs [5]. - The lawsuit contends that these factors resulted in the company materially overstating customer receivables, inventory values, and earnings, misleading investors about its business operations and growth prospects [5]. Group 3: Impact on Stock Price - Investors became aware of the alleged misconduct following two disclosures: the first on September 25, 2025, when CarMax reported disappointing sales and a $71 million increase in loss provisions, causing a stock price decline of over 20 percent [6]. - The second disclosure occurred on November 4, 2025, with the announcement of CEO William Nash's termination and warnings of further sales declines, leading to an additional stock price drop of more than 24 percent [6]. Group 4: Investor Participation - Investors who purchased CarMax securities during the class period may seek to be appointed as Lead Plaintiff, with motions required to be filed by January 2, 2026 [3][7]. - Class members do not need to seek Lead Plaintiff status to participate in any potential recovery from the lawsuit [7]. Group 5: Law Firm Representation - The Indiana Public Retirement System is represented by Labaton Keller Sucharow LLP, a firm known for its extensive experience in securities litigation and representing large pension funds with over $4.5 trillion in assets under management [9].

SAN FRANCISCO, Dec. 23, 2025 (GLOBE NEWSWIRE) -- National investor rights law firm Hagens Berman reminds investors that the Lead Plaintiff Deadline in the securities class action lawsuit against CarMax, Inc. (NYSE: KMX) -- January 2, 2026 – is rapidly approaching. The lawsuit alleges that CarMax and certain of its executives misled investors about the true stability and growth prospects of its core business, leading to two separate and massive stock crashes. Hagens Berman urges investors who suffered subst ...

RADNOR, Pa., Dec. 23, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com)  informs investors that an amended securities class action lawsuit has been filed against CarMax, Inc. ("CarMax") (NYSE: KMX) which expands the class period to include those who purchased or otherwise acquired CarMax securities between June 20, 2025, and November 5, 2025, inclusive (the "Class Period"). The lead plaintiff deadline is January 2, 2026. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:     I ...