Core Viewpoint - Wall Street shows strong bullish sentiment towards the stocks discussed, with price targets indicating significant upside potential, although analysts tend to avoid sell ratings due to potential conflicts of interest [1]. Group 1: Stocks to Sell - **Shoe Carnival (SCVL)**: - Current trading price is $16.84 per share, with a consensus price target of $22, suggesting a 30.6% implied return [3][5]. - The stock is valued at 11.3x forward EV-to-EBITDA, indicating potential overvaluation [5]. - **CarMax (KMX)**: - Current stock price is $31.45, with a consensus price target of $55.50, implying a 76.5% upside [6][8]. - Valuation ratio stands at 11.7x forward P/E, suggesting that there may be better investment opportunities available [8]. Group 2: Stock to Buy - **Zeta Global (ZETA)**: - Consensus price target is $29.36, indicating a 50.2% implied return [9]. - The company has faced weak same-store sales trends over the past two years, indicating a need for changes in pricing and marketing strategies [9][10]. - Zeta Global operates a data-driven cloud platform powered by AI, processing over one trillion consumer signals monthly to enhance personalized marketing [11].

Core Viewpoint - CarMax, Inc. has faced a significant stock drop of over 15% following the unexpected departure of CEO Bill Nash and disappointing financial results, leading to a class action lawsuit for securities fraud against the company and its senior executives [1][7]. Financial Performance - CarMax reported disappointing financial results for Q2 of fiscal year 2026, with 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 the second quarter was approximately $95.4 million, down from $132.8 million in the previous year [6]. - The decline in sales was attributed to a "pull forward" in demand due to the announcement of U.S. tariffs on cars [6]. Stock Movement - 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 stock experienced an additional drop of over 15% after the announcement of CEO Bill Nash's departure on November 6, 2025, along with a weak preliminary Q3 2025 outlook [7]. Legal Actions - A class action lawsuit has been filed against CarMax and certain senior executives for securities fraud, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3][4]. - Investors have until January 2, 2025, to request to lead the case, which is pending in the U.S. District Court for the District of Maryland [3].

Core Viewpoint - CarMax, Inc. is facing a class action lawsuit due to significant revenue and profit declines reported in its second quarter 2026 financial results, which led to a substantial drop in share price [3][4][5]. Financial Performance - CarMax reported a revenue decline of 6.0% year-over-year, with total retail used vehicle revenues decreasing by 7.2% and total gross profit declining by 5.6% [3]. - The company attributed these declines to inventory adjustments and a $71.3 million increase in loan loss provisions [3]. Shareholder Impact - Following the financial results announcement, CarMax's share price fell by $11.45, or 20.1%, closing at $45.60 per share [4]. - Investors who purchased CarMax securities between June 20, 2025, and September 24, 2025, are encouraged to participate in the class action lawsuit [6]. Lawsuit Details - The lawsuit alleges that CarMax's management made materially false and misleading statements regarding the company's growth prospects, which were overstated and lacked a reasonable basis [5]. - The complaint highlights that the earlier growth in the 2026 fiscal year was primarily driven by temporary factors related to customer behavior influenced by tariff speculation [5].

CarMax terminated its chief executive Bill Nash https://t.co/o6wFyay6yx ...

Core Viewpoint - CarMax, Inc. is facing a class action lawsuit from investors who purchased securities during the specified class period, with allegations of misleading information regarding demand and financial performance [1][3]. Group 1: Legal Action - The Portnoy Law Firm is advising CarMax investors to join a class action lawsuit for those who bought securities between March 5, 2024, and October 8, 2025, with a deadline for filing a lead plaintiff motion set for January 2, 2025 [1]. - Investors can contact attorney Lesley F. Portnoy for a complimentary case evaluation and to discuss options for recovering losses [2]. Group 2: Company 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 [3]. - The company's net income for the second quarter was approximately $95.4 million, down from $132.8 million in the previous year, attributed to a "pull forward" in demand due to U.S. tariffs on cars [3]. - Following the announcement of these results, CarMax's stock price fell by $11.45 per share, or roughly 20%, from $57.05 on September 24, 2025, to $45.60 on September 25, 2025 [3]. Group 3: Market Context - CarMax had previously promoted strong and sustainable demand for its vehicles, which was allegedly inflated by short-term demand spikes due to tariff announcements [3]. - BFA Law is investigating whether CarMax adequately assessed or reserved for its portfolio of car loans, indicating potential issues in financial management [3].

Core Viewpoint - CarMax, Inc. is facing a securities fraud lawsuit following a significant drop in its stock price after the announcement of CEO Bill Nash's resignation and allegations of overstating growth prospects [2][1]. Group 1: Company Developments - CarMax shares fell over 10% in pre-market trading on November 6, 2025, after the announcement that CEO Bill Nash will step down effective December 1, 2025, with board member David McCreight serving as interim CEO [2]. - The lawsuit alleges that CarMax overstated its long-term growth prospects between June 20, 2025, and September 24, 2025, claiming "significant year-over-year earnings growth for years to come" based on temporary sales strength driven by tariff speculation [2]. Group 2: Investor Information - Investors who purchased CarMax common stock between June 20, 2025, and September 24, 2025, and have experienced a decline in their shares may be eligible to recover losses [3]. - The deadline to seek appointment as lead plaintiff in the lawsuit is January 2, 2026, and a class has not yet been certified [4]. Group 3: Whistleblower Information - Individuals with non-public information about CarMax are encouraged to assist in the investigation or file a report with the SEC under the whistleblower program, potentially receiving rewards of up to 30% of any successful recovery [5]. Group 4: Legal Representation - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [6].

Qualcomm - Qualcomm reported an EPS of $3, exceeding the estimate of $2.87, representing a 14% increase year-over-year from $2.69 [2] - Revenue reached $11.27 billion, up 10% year-over-year, beating estimates by approximately $510 million [2][3] - Licensing revenue, primarily from Apple, declined by 7.4%, while QCT revenue increased by 18%, indicating ongoing diversification efforts [3] CarMax - CarMax's stock fell 13% following a lower EPS guidance, with the new adjusted range between 18 and 36 cents, down from 64 cents last quarter [5][6] - Comparable sales are expected to decline by 8 to 12%, alongside additional restructuring costs and layoffs [7] - The wholesale used vehicle market prices are decreasing, with total sales down 2% from August to September [9] Fortinet - Fortinet reported an EPS of 74 cents, surpassing the estimate of 63 cents, marking a 17% increase [10] - Topline sales reached $1.72 billion, a 14% increase, beating estimates by about $20 million [10] - The revenue guidance for the next quarter was widened to a range of $1.83 billion to $1.89 billion, which has put pressure on the shares [11]

Core Points - A shareholder has filed a securities class action lawsuit against CarMax, Inc. for misrepresentations regarding the company's growth prospects during the period from June 20, 2025, to September 24, 2025 [1][2] Group 1 - The lawsuit is on behalf of investors who purchased or acquired CarMax securities within the specified timeframe [1] - Investors interested in joining the class action or discussing their legal rights can contact the Investor Relations Manager [2] - The deadline to file papers to serve as lead plaintiff is January 2, 2026, and participation does not require serving as lead plaintiff [3] Group 2 - Bernstein Liebhard LLP has a history of recovering over $3.5 billion for clients and has represented large public and private pension funds [4]

Core Insights - CarMax has terminated its CEO Bill Nash, who held the position since 2016, indicating a significant leadership change within the company [1] - David McCreight, a board member, has been appointed as the interim president, suggesting a temporary leadership solution while the company seeks a permanent replacement [1] Company Summary - The leadership transition comes as CarMax navigates its operational strategies and market challenges, reflecting potential shifts in company direction [1] - The decision to replace the CEO may impact investor confidence and market perception of CarMax's future performance [1]

Group 1 - The FPA Crescent Fund reported a gain of 5.54% in Q3 2025 and 15.32% over the trailing twelve months, with top five performers contributing 6.65% to the return and bottom five detracting 2.58% [1] - CarMax, Inc. (NYSE:KMX) has experienced a one-month return of -7.48% and a 52-week loss of 46.61%, with a market capitalization of $5.993 billion as of November 5, 2025 [2] - The management of CarMax has faced criticism for missteps, including withdrawing 2030 unit sales targets and overbuying inventory, leading to a 47% decline in share price year to date [3] Group 2 - Despite the disappointing management execution, CarMax shares are considered inexpensive, trading at approximately 12x forward consensus earnings and 1.1x tangible book value [3] - Two independent directors purchased shares in early October, indicating potential confidence in the company's future [3] - CarMax has increased its share repurchase program, although there is a preference for delaying repurchases until the market absorbs the current negative news [3]