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].

Core Viewpoint - Bernstein Liebhard LLP has initiated a securities fraud class action lawsuit against CarMax, Inc. for alleged misrepresentations regarding the company's growth prospects, affecting investors who purchased securities between June 20, 2025, and September 24, 2025 [2]. Group 1: Lawsuit Details - The lawsuit was filed in the United States District Court for the District of Maryland on behalf of investors who acquired CarMax securities during the specified period, alleging violations of the Securities Exchange Act of 1934 [2]. - Investors wishing to serve as lead plaintiff must file papers by January 2, 2026, with the option to remain an absent class member if they choose not to take action [3]. Group 2: Law Firm Background - Bernstein Liebhard LLP has recovered over $3.5 billion for clients since its establishment in 1993 and has represented both individual investors and large public and private pension funds [4]. - The firm has been recognized for its litigation success, being named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for sixteen consecutive years [4].

Core Viewpoint - CarMax, Inc. is facing a class action lawsuit for securities fraud following a significant drop in stock price attributed to misleading statements regarding demand and financial performance [2][4]. Group 1: Lawsuit Details - A class action lawsuit has been filed against CarMax and its senior executives for securities fraud, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [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 [4]. - The lawsuit alleges that CarMax misled investors about the sustainability of demand for its vehicles, particularly in light of U.S. tariffs on cars [5]. 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 [7]. - The company's net income for Q2 was approximately $95.4 million, down from $132.8 million in the previous year [7]. - The decline in sales was attributed to a "pull forward" in demand due to the announcement of tariffs, which led to a temporary increase in purchases before the tariffs took effect [7]. Group 3: Stock Price Reaction - Following the disappointing financial results announced on September 25, 2025, CarMax's stock price dropped by $11.45 per share, or roughly 20%, from $57.05 to $45.60 [8]. - An additional drop of over 24% occurred after the unexpected departure of CEO Bill Nash on November 6, 2025, along with a weak preliminary outlook for Q3 2025 [8].

Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of investors who purchased CarMax, Inc. securities between June 20, 2025, and November 5, 2025, alleging that the company made materially false and misleading statements regarding its growth prospects [1][5]. Group 1: Lawsuit Details - The class action lawsuit was expanded to include more investors, and a previous lawsuit has already been filed [1]. - Investors who purchased CarMax securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - The lawsuit claims that defendants overstated CarMax's growth prospects, attributing earlier growth to temporary benefits from customer speculation regarding tariffs [5]. 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 [3][6]. - A lead plaintiff must move the Court by January 2, 2026, to represent other class members in the litigation [3]. Group 3: Law Firm 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 recognized for its success in securities class action settlements, ranking No. 1 in 2017 and consistently in the top 4 since 2013, recovering hundreds of millions for investors [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 and stock price decline [1][3][4]. Group 1: Allegations and Legal Actions - The complaint alleges that CarMax and its executives violated federal securities laws by making false and misleading statements about the company's growth prospects, which were overstated and based on temporary market conditions [3]. - Investors are reminded of the January 2, 2026 deadline to seek the role of lead plaintiff in a federal securities class action against CarMax [1][5]. - The firm encourages anyone with information regarding CarMax's conduct, including whistleblowers and former employees, to come forward [6]. Group 2: Financial Performance - CarMax reported a decrease in income from CarMax Auto Finance 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 [4]. - 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 [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].

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, 2025, 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 has been accused of misleading investors about the demand for its used cars, which was allegedly inflated by short-term factors such as 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].