Core Points - The CarMax class action lawsuit has been initiated against CarMax, Inc. and certain executives for alleged violations of the Securities Exchange Act of 1934 during the class period from June 20, 2025, to November 5, 2025 [1][3] - Investors who suffered losses during this period can seek to be appointed as lead plaintiff by January 2, 2026 [1][6] Allegations - The lawsuit claims that CarMax recklessly overstated its growth prospects, attributing earlier growth in fiscal year 2026 to temporary factors related to customer behavior influenced by tariff speculation [3] - On September 25, 2025, CarMax reported a 5.4% decrease in retail unit sales and a 6.3% decrease in comparable store unit sales, with net earnings per diluted share dropping to $0.64 from $0.85 year-over-year, leading to a 20% drop in share price [4] - Following the termination of CEO William D. Nash on November 4, 2025, and the expectation of weak third-quarter sales, CarMax shares fell over 24% [5] 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, which involves directing the lawsuit on behalf of all class members [6] About the Law Firm - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [7]

Core Viewpoint - CarMax, Inc. is facing a class action lawsuit due to allegations of misleading investors about its growth prospects for fiscal year 2026, particularly following disappointing financial results that led to a significant drop in stock price [1][2][3]. Summary by Sections Company Overview - CarMax, Inc. is identified as the largest retailer of used vehicles in the United States [1]. Class Action Details - A class action was filed on behalf of investors who acquired CarMax securities between June 20, 2025, and September 24, 2025, alleging that the company misrepresented its growth potential [1][4]. Financial Performance - On September 25, 2025, CarMax reported disappointing financial results for the second quarter of fiscal year 2026, resulting in a stock price decline of $11.5 per share, or 20.07%, closing at $45.60 [2]. - The following day, the stock fell an additional 1.62%, closing at $44.86 [2]. Allegations of Misrepresentation - Plaintiffs claim that CarMax's growth was overstated, attributing earlier growth in fiscal year 2026 to temporary factors such as customer speculation regarding tariffs [3]. Next Steps for Investors - Shareholders interested in serving as lead plaintiffs must submit their papers by January 2, 2026, while those who do not wish to participate can remain as absent class members [4].

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 [1][5]. 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 those wishing to serve as lead plaintiff must act by January 2, 2026 [3][6]. - The lawsuit alleges that CarMax's defendants made materially false 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 has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company [4]. - The firm has been ranked highly for its number of securities class action settlements, recovering hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]. - The founding partner of Rosen Law Firm was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020, highlighting the firm's expertise and reputation in the field [4].

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][3] Group 1: Lawsuit Details - The lawsuit claims that CarMax's management made false statements regarding the company's growth prospects, suggesting that the growth in the 2026 fiscal year was misleadingly attributed to temporary factors such as customer speculation about tariffs [3] - The complaint asserts that the statements made by the defendants about CarMax's business operations and future prospects were materially false and lacked 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 period 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 of securing significant recoveries for shareholders and has been ranked among the top securities litigation firms in the United States for seven consecutive years [5]

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 in a class action lawsuit by January 2, 2026 [1][3]. Financial Performance - CarMax reported a decrease in CarMax Auto Finance income by 11.2%, attributed to a provision for loan losses of $142.2 million in Q2 of fiscal 2026, compared to $112.6 million in the same period the previous year [4]. - 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 [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 Context - The complaint alleges that CarMax and its executives made false and misleading statements regarding the company's growth prospects, which were overstated due to temporary market conditions [3]. - Investors are encouraged to contact Faruqi & Faruqi for more information regarding the class action and to discuss their legal rights [1][5].

Group 1: CarMax, Inc. (NYSE: KMX) - Jim Cramer expressed a negative outlook on CarMax, stating that the business is performing poorly [1] - Barclays analyst John Babcock initiated coverage of CarMax with an Underweight rating and a price target of $28 [1] Group 2: ServiceNow, Inc. (NYSE: NOW) - ServiceNow reported better-than-expected third-quarter financial results, with earnings of $4.82 per share, surpassing the analyst estimate of $4.27 [2] - The company's quarterly revenue was $3.4 billion, exceeding the analyst consensus estimate of $3.35 billion [2] - ServiceNow announced a five-for-one stock split [2] - Jim Cramer recommended holding ServiceNow for long-term investments, citing strong fundamentals [1] Group 3: Conagra Brands, Inc. (NYSE: CAG) - Jim Cramer indicated he does not invest in companies with flat revenues over multiple years [2] - Conagra reported quarterly net sales of $2.63 billion, a decrease of 5.8% from the previous year [2] - The company's adjusted earnings per share were 39 cents, down 26.4% year-over-year [2]

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 leading retailer of used cars, which has recently faced scrutiny due to disappointing financial results and allegations of misleading investors regarding demand for its vehicles [4][6]. Financial Performance - For the second quarter of fiscal year 2026, 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. The net income for the quarter was approximately $95.4 million, down from $132.8 million in the previous year [6]. - The stock price of CarMax fell by $11.45 per share, or roughly 20%, from $57.05 on September 24, 2025, to $45.60 on September 25, 2025, following the announcement of these disappointing results [7]. Legal Issues - The lawsuit claims violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, with investors encouraged to seek lead plaintiff status by January 2, 2026 [3]. - The unexpected departure of CEO Bill Nash on November 6, 2025, and a weak preliminary outlook for Q3 2025 further contributed to the decline in stock price, which dropped over 24% following this news [7].

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]. 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 [3]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by January 2, 2026 [4]. - The lawsuit alleges that CarMax's management made materially false and misleading statements regarding the company's growth prospects, which were based on temporary market conditions rather than sustainable business performance [6]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company [5]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions of dollars for investors [5]. - In 2019, the firm secured over $438 million for investors, showcasing its capability and success in representing clients in securities litigation [5].

Core Viewpoint - Investors in CarMax, Inc. have the opportunity to lead a securities fraud class action lawsuit due to substantial losses incurred as a result of misleading statements regarding the company's growth prospects [1][3]. Summary by Sections Lawsuit Details - The lawsuit alleges that between June 20, 2025, and November 5, 2025, CarMax's management failed to disclose that the company's growth was overstated and was primarily driven by temporary factors related to customer behavior influenced by tariff speculation [3]. Investor Participation - Investors who suffered losses in CarMax are encouraged to contact the Law Offices of Howard G. Smith before January 2, 2026, to participate in the ongoing class action lawsuit [2][4]. Legal Rights - Investors have the option to retain their own counsel or remain absent from the class action without taking any immediate action [5].

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In CarMax To Contact Him Directly To Discuss Their OptionsIf you suffered losses in CarMax between June 20, 2025 and September 24, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information]New York, New York--(Newsfile Corp. - November 13, 2025) - Faruqi & Far ...