Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of CarMax, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements about its growth prospects during a specified period [1]. Group 1: Allegations and Class Period - The class period for the allegations is from June 20, 2025, to September 24, 2025 [1]. - The complaint claims that CarMax's growth was overstated due to temporary factors related to customer behavior influenced by tariff speculation [1]. - It is alleged that the statements made by the defendants regarding CarMax's business and operations lacked a reasonable basis and were misleading [1]. Group 2: Next Steps for Shareholders - Shareholders who purchased shares of KMX during the class period are encouraged to register for the class action by January 2, 2026 [2]. - Registration allows shareholders to receive updates on the case through portfolio monitoring software [2]. - Participation in the case does not incur any cost or obligation for the shareholders [2]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit, fraud, and illegal business practices [3]. - The firm is dedicated to ensuring companies engage in responsible business practices and good corporate citizenship [3]. - The firm seeks recovery for investors who suffered losses due to misleading statements or omissions that inflated stock prices [3].

Core Viewpoint - CarMax, Inc. is facing a class action lawsuit for securities fraud following a significant stock drop of approximately 20% after disappointing financial results and the unexpected departure of its CEO [1][6][7]. Financial Performance - CarMax reported 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 for the second quarter of fiscal year 2026 [6]. - The company's net income for the second quarter was approximately $95.4 million, down from $132.8 million in the previous year [6]. - The stock price fell from $57.05 per share on September 24, 2025, to $45.60 per share on September 25, 2025, a drop of $11.45 per share or roughly 20% [7]. Legal Issues - A class action lawsuit has been filed against CarMax and certain senior executives under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3]. - The lawsuit claims that CarMax misrepresented the demand for its cars, which was allegedly boosted 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 regarding the company's assessment of its car loan portfolio [5].

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][2]. Group 1: Lawsuit Details - Investors have until January 2, 2026, to request to lead the case, which is pending in the U.S. District Court for the District of Maryland [2]. - The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of CarMax investors [2]. Group 2: Company Performance and Stock Impact - CarMax reported disappointing financial results for Q2 FY 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 [5]. - The company's net income for Q2 was approximately $95.4 million, down from $132.8 million the previous year, attributed to a "pull forward" in demand due to U.S. tariffs [5]. - Following the financial report, CarMax's stock dropped $11.45 per share, or roughly 20%, from $57.05 on September 24, 2025, to $45.60 on September 25, 2025 [6]. - An unexpected departure of CEO Bill Nash on November 6, 2025, and a weak preliminary Q3 2025 outlook led to an additional stock drop of over 24% [6].

Core Viewpoint - CarMax is facing a class action lawsuit due to allegations of misleading statements regarding its growth prospects and financial performance, particularly related to its loan loss provisions and stock price decline [5][6][7]. Group 1: Legal Proceedings - Faruqi & Faruqi, LLP is investigating potential claims against CarMax and reminds investors of the January 2, 2026 deadline to seek the role of lead plaintiff in the federal securities class action [2]. - The lawsuit claims that CarMax and its executives violated federal securities laws by making false statements about the company's growth and failing to disclose critical information [5]. - Investors who suffered losses between June 20, 2025, and September 24, 2025, are encouraged to contact the law firm to discuss their legal rights [1]. 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 a $71.3 million increase in estimated lifetime losses on existing loans, primarily due to worsening performance among the 2022 and 2023 vintages [7]. - Following the financial results announcement, CarMax's stock price fell by $11.45 per share, approximately 20%, closing at $45.60 on September 26, 2025 [7].

Core Viewpoint - An amended securities class action lawsuit has been filed against CarMax, Inc., expanding the class period to include those who purchased securities 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 and misleading statements regarding CarMax's growth prospects, claiming that earlier growth was a temporary benefit due to customer speculation about tariffs [2]. - It is asserted that the positive statements made by defendants about the company's business and operations were materially misleading and lacked a reasonable basis [2]. Lead Plaintiff Process - Investors in CarMax may seek to be appointed as lead plaintiff representatives by January 2, 2026, or may choose to remain absent class members [3]. - The lead plaintiff acts on behalf of all class members and selects counsel to represent the class, with the ability to share in any recovery not affected by the decision to serve as lead plaintiff [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has recovered billions for victims of fraud and corporate misconduct [4].

Core Viewpoint - CarMax, Inc. is facing a class action lawsuit for securities fraud following a significant drop in stock price attributed to alleged violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit has been filed against CarMax and certain senior executives, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3]. - Investors have until January 2, 2026, to request to lead the case in the U.S. District Court for the District of Maryland [3]. Group 2: 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 net income for Q2 was approximately $95.4 million, down from $132.8 million in the previous year [6]. Group 3: Stock Price Impact - 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, and a weak preliminary Q3 outlook led to an additional stock price drop of over 24% [7]. Group 4: Market Context - CarMax had previously promoted strong demand for its vehicles, which was allegedly inflated by a temporary surge in purchases before U.S. tariffs were imposed [4]. - The company attributed the sales declines to a "pull forward" in demand due to the tariff announcement [6].

Core Viewpoint - Rosen Law Firm is encouraging investors of CarMax, Inc. to secure legal counsel before the January 2, 2026 deadline for a securities class action lawsuit related to the company's misleading statements during the class period from June 20, 2025, to November 5, 2025 [2][6]. Summary by Sections Class Action Details - Investors who purchased CarMax securities during the specified class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [3]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by January 2, 2026 [4]. Legal Representation - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting their own success in recovering hundreds of millions for investors [5]. - The firm has been recognized for its leadership in securities class action settlements, achieving significant recoveries in previous years [5]. Allegations Against CarMax - The lawsuit alleges that CarMax's management made materially false and misleading statements regarding the company's growth prospects, which were overstated due to temporary market conditions [6]. - The claims suggest that when the true nature of the company's performance became known, investors suffered damages as a result of these misleading statements [6].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased CarMax, Inc. securities between June 20, 2025, and November 5, 2025, about the January 2, 2026, deadline to become a lead plaintiff in a securities class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased CarMax securities during the specified Class Period may be entitled to 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 in this area [4]. - The firm has secured significant settlements for investors, including over $438 million in 2019 alone, and has been recognized as a leader in the field of securities class action litigation [4].

Core Viewpoint - CarMax, Inc. has faced significant challenges, including the firing of CEO Bill Nash and a bleak outlook for Q3 2026, leading to a sharp decline in share prices and raising concerns about the company's business model and growth prospects [1][6]. Financial Performance - CarMax reported a 24% year-over-year decline in net EPS for Q2 2026, with retail used unit sales down 5.4% and comparable store used unit sales down 6.3% [4]. - The company's CarMax Auto Finance (CAF) revenue decreased by 11.02% year-over-year, attributed to a $142 million loan loss provision, which marked a nearly 40% sequential increase and a 24% year-over-year rise [5]. Legal and Regulatory Issues - A securities class action lawsuit is underway, focusing on allegations that CarMax misled investors regarding its business model and growth prospects during the Class Period from June 20, 2025, to November 5, 2025 [2][3]. - The lawsuit claims that CarMax's positive Q1 2026 results were misleading, as they were influenced by consumers accelerating car purchases to avoid tariffs [3]. Management Changes - The termination of CEO Bill Nash on November 6, 2025, coincided with the announcement of an expected decline in Q3 comparable store used unit sales by 8% to 12% from the previous year [1][6].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against CarMax, Inc. due to alleged violations of federal securities laws, with a deadline for investors to seek lead plaintiff status by January 2, 2026 [1][3]. Financial Performance - CarMax reported a decrease in CarMax Auto Finance income by 11.2%, with a provision for loan losses amounting to $142.2 million in Q2 of fiscal 2026, compared to $112.6 million in the same quarter of the previous year [4]. - The provision for loan losses included an increase of $71.3 million in lifetime loss estimates on existing loans, primarily due to worsening performance among the 2022 and 2023 vintages [4]. - 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 [4]. Legal Proceedings - The complaint alleges that CarMax and its executives made false or misleading statements regarding the company's growth prospects, which were overstated due to temporary benefits from customer behavior related to tariff speculation [3]. - Investors are encouraged to contact Faruqi & Faruqi if they have information regarding CarMax's conduct, including whistleblowers and former employees [5].