Core Viewpoint - A class action lawsuit has been filed against CarMax, Inc. and certain senior executives for securities fraud following a significant drop in stock price due 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: Reasons for the Lawsuit - CarMax had previously promoted strong demand for its used cars, attributed to a seamless customer experience, but it is alleged that this demand was artificially inflated by the announcement of U.S. tariffs [3]. - The company reported disappointing financial results for Q2 FY 2026, including a 5.4% decline in retail used unit sales and a net income drop from $132.8 million to $95.4 million year-over-year [5]. Group 3: Stock Performance - Following the announcement of poor financial results on September 25, 2025, CarMax's stock price fell by $11.45, or approximately 20%, from $57.05 to $45.60 per share [6]. - The unexpected departure of CEO Bill Nash on November 6, 2025, along with a weak preliminary Q3 2025 outlook, led to an additional stock drop of over 24% [6].

Core Viewpoint - A class action lawsuit has been filed against CarMax, Inc. for violations of the Securities Exchange Act, alleging that the company made false and misleading statements regarding its growth prospects during a specific period [1][2]. Summary by Sections Class Action Details - The class period for the lawsuit is from June 20, 2025, to September 24, 2025, with a deadline for lead plaintiff appointments set for January 2, 2026 [2]. - The complaint claims that CarMax's optimistic growth statements were misleading, as the company's recent growth was influenced by customer speculation about tariffs on vehicle purchases [2]. Investor Participation - Shareholders who purchased shares during the class period are encouraged to contact the DJS Law Group for potential participation in the lawsuit, with no obligation or cost to join [3]. Law Group Information - DJS Law Group specializes in securities class actions and corporate governance litigation, focusing on enhancing investor returns through advocacy [4].

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 in light of recent financial disclosures that led to a significant drop in stock price [2][5][6]. 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 and misleading statements about the company's growth prospects [5]. Group 2: Financial Performance and Stock Impact - CarMax reported a decrease in CarMax Auto Finance income by 11.2%, 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 the estimate of lifetime losses on existing loans, primarily due to worsening performance among the 2022 and 2023 vintages [6]. - 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 [6].

Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of CarMax, Inc. investors for securities purchased between June 20, 2025, and November 5, 2025, due to alleged misleading statements regarding the company's growth prospects [2][6]. Group 1: Lawsuit Details - The class action lawsuit claims that CarMax's defendants made materially false and misleading statements about the company's growth, overstating its prospects based on temporary benefits from customer behavior influenced by tariff speculation [6]. - 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]. Group 2: Next Steps for Investors - Investors wishing to join the CarMax class action can do so by visiting the provided link or contacting the law firm directly. The deadline to serve as lead plaintiff is January 2, 2026 [4][7]. - It is noted that no class has been certified yet, and investors are not represented by counsel unless they retain one [8]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including over $438 million for investors in 2019 alone [5]. - The firm has been recognized for its success in the field, being ranked No. 1 for securities class action settlements in 2017 and consistently in the top 4 since 2013 [5].

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][3]. Summary by Sections Class Period and Allegations - The class period for the lawsuit is from June 20, 2025, to September 24, 2025 [3]. - The allegations state that CarMax's management overstated the company's growth prospects, attributing earlier growth in the 2026 fiscal year to temporary factors related to customer behavior influenced by tariff speculation [3]. Next Steps for Shareholders - Shareholders who purchased shares of CarMax during the class period are encouraged to register for the class action by January 2, 2026, to potentially become lead plaintiffs [4]. - Once registered, shareholders will receive updates on the case through a portfolio monitoring software [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to misleading statements or omissions by companies [5].

Core Viewpoint - CarMax, Inc. is facing a class action lawsuit due to significant declines in revenue and profit, which were attributed to inventory adjustments and increased loan loss provisions [2][4]. Financial Performance - For the second quarter of fiscal year 2026, CarMax reported a revenue decline of 6.0% year-over-year, with total retail used vehicle revenues down by 7.2% and total gross profit declining by 5.6% [2]. - The company experienced a $71.3 million increase in loan loss provisions, impacting its financial results [2]. Stock Market Reaction - Following the release of the disappointing financial results, CarMax's share price fell by $11.45, or 20.1%, closing at $45.60 per share on September 25, 2025 [3]. Lawsuit Details - The class action lawsuit alleges that CarMax's management made materially false and misleading statements regarding the company's growth prospects, which were overstated and not reflective of the actual business conditions [4]. - The lawsuit claims that the positive statements made by the defendants lacked a reasonable basis and failed to disclose adverse facts about the company's operations and future prospects [4]. Legal Action - Investors who purchased CarMax securities during the specified class period (June 20, 2025, to September 24, 2025) have until January 2, 2026, to file a lead plaintiff motion in the class action lawsuit [1][5].

Core Viewpoint - A federal securities class action lawsuit has been filed against CarMax, Inc. and certain executives for alleged violations of federal securities laws, specifically for misleading investors regarding the company's growth prospects [1][7]. Summary by Relevant Sections Class Action Details - The class period for the lawsuit is from June 20, 2025, to September 24, 2025 [2]. - Investors who acquired CarMax securities during this period can move to be appointed lead plaintiff by January 2, 2026 [3]. Allegations Against CarMax - CarMax and its executives are accused of violating the Securities Exchange Act of 1934 by overstating growth prospects [7]. - The growth reported in early FY2026 was allegedly temporary, driven by short-term customer purchases related to tariff speculation [7]. Financial Performance - On September 25, 2025, CarMax disclosed disappointing Q2 FY2026 results: - Retail unit sales decreased by 5.4% [7]. - Comparable store unit sales fell by 6.3% [7]. - Net earnings per diluted share were $0.64, down from $0.85 a year earlier [7]. - Following the announcement of these results, CarMax's stock price dropped approximately 20% [7].

Core Viewpoint - The lawsuit claims that defendants made false statements regarding CarMax's business and future prospects, leading to inflated stock prices [1] Group 1 - The lawsuit alleges that the misleading statements affected the trading of CarMax's stock [1] - The claims suggest potential legal repercussions for the defendants involved in the issuance of false information [1]

Core Viewpoint - A class action securities lawsuit has been filed against CarMax, Inc. to recover losses for shareholders affected by alleged securities fraud between June 20, 2025, and September 24, 2025 [2][3]. Group 1: Lawsuit Details - The lawsuit alleges that CarMax's defendants made false statements and concealed information regarding the company's growth prospects, claiming that the growth was overstated and primarily driven by temporary factors related to customer behavior influenced by tariff speculation [3]. - The complaint asserts 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 suffered losses in CarMax, Inc. 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 nationally 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].

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 - The complaint claims that CarMax's defendants overstated the company's growth prospects, attributing earlier growth in the 2026 fiscal year 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 operations and future prospects were materially false and lacked a reasonable basis throughout the relevant time [1]. Group 2: Class Action Details - The class period for the lawsuit is defined as June 20, 2025, to September 24, 2025, and shareholders are encouraged to register for participation [2]. - The deadline for shareholders to seek lead plaintiff status is January 2, 2026, and there is no cost or obligation for participation in the case [2]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect the rights of investors who have suffered losses due to deceit, fraud, and illegal business practices, emphasizing the importance of responsible business conduct [3].