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, with a deadline of January 2, 2026, for lead plaintiff applications [1]. - The lawsuit claims that CarMax overstated its growth prospects, attributing earlier fiscal year growth to temporary factors related to customer behavior influenced by tariff speculation [3]. Group 2: Financial Performance - 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 the previous year, resulting in 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 more than 24% [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, representing the interests of the class [6].

Core Viewpoint - Analysts at Morgan Stanley have downgraded their rating on CarMax's stock, indicating a shift in sentiment just a month after expressing optimism for the used-car retailer [1] Company Summary - The downgrade comes after a brief period of positive outlook for CarMax, suggesting potential volatility in the stock's performance [1]

Core Viewpoint - An amended securities class action lawsuit has been filed against CarMax, Inc., expanding the class period to include those who purchased CarMax securities between June 20, 2025, and November 5, 2025 [1] Allegations of Misconduct - The complaint alleges that Defendants made false and/or misleading statements regarding CarMax's growth prospects, claiming that earlier growth was a temporary benefit due to customer speculation about tariffs [3] - 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 [3] Lead Plaintiff Process - CarMax investors can seek to be appointed as a lead plaintiff representative of the class by January 2, 2026, or may choose to remain an absent class member [4] - The lead plaintiff is typically the investor or small group of investors with the largest financial interest and who are representative of the proposed class [4] Firm Background - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [5]

New York, New York--(Newsfile Corp. - November 11, 2025) - If you suffered a loss on your CarMax, Inc. (NYSE: KMX) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information:https://zlk.com/pslra-1/carmax-inc-lawsuit-submission-form?prid=176750&wire=5&utm_campaign=21or contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or call (212) 363-7500 to speak to our team of experienced shareholder advocates.THE LAWSUIT: A clas ...

Core Viewpoint - A class action securities lawsuit has been filed against CarMax, Inc. for alleged securities fraud affecting investors between June 20, 2025, and September 24, 2025 [1][2]. Group 1: Lawsuit Details - The complaint alleges that defendants made false statements and concealed information regarding CarMax's growth prospects, claiming that the growth was overstated and primarily driven by temporary factors related to customer behavior influenced by tariff speculation [2]. - The lawsuit seeks to recover losses for investors who were adversely affected by these misleading statements during the specified time frame [1][2]. Group 2: Next Steps for Investors - Investors who suffered losses in CarMax, Inc. during the relevant period have until January 2, 2026, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, indicating no financial obligation to participate in the lawsuit [3]. Group 3: Law Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the United States [4].

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].