Core Viewpoint - An amended securities class action lawsuit has been filed against CarMax, Inc., expanding the class period to include purchases made between June 20, 2025, and November 5, 2025, with a lead plaintiff deadline set for January 2, 2026 [1]. Allegations Against Defendants - The complaint alleges that during the class period, defendants made false or misleading statements and failed to disclose that CarMax's growth prospects were overstated, attributing earlier growth in the 2026 fiscal year to temporary factors related to customer behavior influenced by tariff speculation [2]. - It is claimed that the positive statements made by defendants regarding the company's business and prospects were materially misleading and lacked a reasonable basis throughout the relevant time [2]. Lead Plaintiff Process - Investors in CarMax have until January 2, 2026, to seek appointment as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or they may choose to remain absent from the class [3]. - The lead plaintiff will represent all class members in directing the litigation and is typically the investor or small group of investors with the largest financial interest [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions in various courts and has a reputation for recovering billions for victims of corporate misconduct [4].

SAN FRANCISCO, Nov. 12, 2025 (GLOBE NEWSWIRE) -- A new securities class action lawsuit against CarMax, Inc. (NYSE: KMX) has expanded the alleged class period to now include investors who purchased or otherwise acquired CarMax securities between June 20, 2025 and November 5, 2025. The period has been lengthened to include the severe market reaction to CarMax’s announcement that it fired CEO Bill Nash, news which drove the price of CarMax shares down as much as $9.48 (-23%) on November 6, 2025. National share ...

Core Viewpoint - A class action securities lawsuit has been filed against CarMax, Inc. alleging securities fraud that affected shareholders between June 20, 2025, and September 24, 2025 [2]. Group 1: Lawsuit Details - The lawsuit claims that CarMax's management made false statements regarding the company's growth prospects, suggesting that the growth was a temporary benefit driven by customer speculation about tariffs [3]. - It is alleged that the statements made by the defendants about CarMax's business operations and future prospects were materially false and misleading, lacking a reasonable basis during the relevant time [3]. Group 2: Next Steps for Affected Shareholders - Shareholders who experienced losses in CarMax stock during the specified timeframe are encouraged to seek information about their rights to recovery, with no cost or obligation to participate [4]. Group 3: Legal Representation - Levi & Korsinsky LLP, a recognized securities litigation firm, has a strong track record in securing recoveries for shareholders and has been ranked among the top securities litigation firms in the United States for seven consecutive years [5].

ROSEN, SKILLED INVESTOR COUNSEL, Encourages CarMax, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - KMXNovember 12, 2025 4:42 PM EST | Source: The Rosen Law Firm PANew York, New York--(Newsfile Corp. - November 12, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of CarMax, Inc. (NYSE: KMX) between June 20, 2025 and November 5, 2025, both dates inclusive (the "Class Period") of the i ...

KMX SHAREHOLDER ALERT: BFA Law Notifies CarMax, Inc. Investors of Important January 2 Securities Class Action Deadline for Investors seeking RecoveryNovember 12, 2025 7:17 AM EST | Source: Bleichmar Fonti & AuldNew York, New York--(Newsfile Corp. - November 12, 2025) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against CarMax, Inc. (NYSE: KMX) and certain of the Company's senior executives for securities fraud after a significant ...

Core Viewpoint - The CarMax class action lawsuit alleges that the company and its executives misrepresented growth prospects, leading to significant stock price declines following disappointing financial results and executive termination announcements [3][4][5]. Group 1: Class Action Details - The class action lawsuit is titled Cap v. CarMax, Inc., and it involves purchasers of CarMax securities from June 20, 2025, to November 5, 2025 [1]. - Investors have until January 2, 2026, to seek appointment as lead plaintiff in the lawsuit [1][6]. - The lawsuit claims that CarMax overstated its growth due to temporary factors related to customer behavior influenced by tariff speculation [3]. Group 2: Financial Performance - CarMax reported a 5.4% decrease in retail unit sales and a 6.3% decrease in comparable store unit sales for the second quarter of fiscal year 2026 [4]. - Net earnings per diluted share fell to $0.64 from $0.85 a year ago, contributing to a 20% drop in share price following the announcement [4]. - On November 6, 2025, CarMax announced the termination of CEO William D. Nash and projected a significant decline in used car sales, resulting in a further 24% drop in share price [5]. Group 3: Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased CarMax securities during the class period to seek lead plaintiff status [6]. - The lead plaintiff represents the interests of all class members and can choose a law firm for litigation [6]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [7]. - The firm has a strong track record, including the largest securities class action recovery in history at $7.2 billion [7].

Babcock表示，美国二手车需求并不旺盛，而且汽车信贷数据也显示，次级市场的需求有所减弱。不 过，被给予"增持"评级的Carvana(CVNA.US)凭借其在优化线上购买体验方面的投入，具备超越市场平 均水平的实力;而被给予"减持"评级的CarMax(KMX.US)则表现出运营业绩参差不齐、可能出现高于预期 的贷款损失准备金以及增长放缓的情况。 在新车和二手车经销商中，Babcock对以下公司给予"增持"评级：车之国(AN.US)、第一组(GPI.US)、利 西亚车行(LAD.US)和潘世奇汽车(PAG.US)，其评级依据是强劲的同店销售增长、稳定的经营表现、良 好的产品组合以及高于平均水平的增长情况;而该行对阿斯伯里汽车(ABG.US)和索尼克汽车(SAH.US)则 给予"持股观望"评级。 智通财经APP获悉，巴克莱分析师John Babcock表示，鉴于 2026 财年盈利有望增长，且当前估值已从近 期高位回落，汽车经销商领域存在投资机会，尤其是那些拥有数字化拍卖平台的经销商，比如获得"持 股观望"评级的 ACV 拍卖公司(ACVA.US)和获得"增持"评级的 OPENLANE (KAR.US)。 在关 ...

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against CarMax, Inc. related to a federal securities class action lawsuit, with a lead plaintiff deadline set for January 2, 2026 [2][5]. Group 1: Legal Proceedings - A federal securities class action has been filed against CarMax, alleging violations of federal securities laws due to false and misleading statements regarding the company's growth prospects [5]. - The lawsuit claims that CarMax's earlier growth was overstated and was primarily driven by temporary factors, such as customer speculation regarding tariffs [5]. - Investors are encouraged to contact Faruqi & Faruqi if they suffered losses in CarMax between June 20, 2025, and September 24, 2025, to discuss their legal rights [1][2]. Group 2: Financial Performance - CarMax reported a significant decrease in income from CarMax Auto Finance, with an 11.2% decline attributed to a $142.2 million provision for loan losses in the second quarter of fiscal 2026, compared to $112.6 million in the same period the previous year [6]. - The provision for loan losses included an increase of $71.3 million in estimated lifetime losses on existing loans, primarily due to worsening performance among the 2022 and 2023 vintages [7]. - Following the release of these financial results, CarMax's stock price fell by $11.45 per share, approximately 20%, closing at $45.60 per share on September 26, 2025 [7].

Core Insights - CarMax, Inc. is a leading retailer of used vehicles in the U.S., operating through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF) [1] - The company is currently under investigation for allegedly misleading investors regarding its growth prospects, particularly related to unsustainable growth in fiscal 2026 [2][6] Financial Performance - CarMax reported an 11.2% decrease in income from CAF in the second quarter of fiscal 2026, attributed to a provision for loan losses of $142.2 million, an increase from $112.6 million the previous year [3][6] - The provision included $71.3 million in estimated lifetime losses on existing loans and $70.9 million for current quarter originations [3] Stock Market Reaction - Following the financial disclosure, CarMax's stock price fell by approximately 20%, closing at $45.60 on September 26, 2025 [4][6] - As of the latest data, CarMax's stock is trading at $34.20, with a market capitalization of $5.21 billion and a trading volume of 2,735,900 shares [5]

Accessibility StatementSkip Navigation SAN DIEGO, Nov. 11, 2025 /PRNewswire/ -- Company: CarMax, Inc. (NYSE: KMX) sells used cars. It describes itself as the "nation's largest retailer of used vehicles." Class Period: June 20, 2025 – September 24, 2025 The Case: Robbins LLPÂ reminds stockholders that a class action was filed on behalf of investors who purchased or otherwise acquired CarMax, Inc. securities during the class period because the Company allegedly misled investors regarding its 2026 growth. For ...