Core Viewpoint - A class action lawsuit has been filed against CarMax, Inc. and certain senior executives for securities fraud following a significant stock drop 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 regarding the demand for its cars, which was allegedly boosted by U.S. tariffs, leading to a temporary increase in sales [3]. - The firm is also investigating whether CarMax adequately assessed or reserved for its portfolio of car loans [4]. Group 3: Financial Performance and Stock Impact - On September 25, 2025, CarMax reported disappointing financial results for Q2 FY2026, 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 [5]. - The net income for the second quarter was approximately $95.4 million, down from $132.8 million the previous year, attributed to a "pull forward" in demand due to tariff announcements [5]. - Following the financial report, CarMax's stock price dropped by $11.45 per share, or roughly 20%, from $57.05 on September 24, 2025, to $45.60 on September 25, 2025 [6].

Core Viewpoint - A class action lawsuit has been filed against CarMax, Inc. for securities fraud, affecting investors who purchased shares between June 20, 2025, and September 24, 2025, with a deadline for filing a lead plaintiff motion set for January 2, 2026 [1][2]. Financial Performance - On September 25, 2025, CarMax reported its second quarter 2026 financial results, revealing a revenue decline of 6.0% year-over-year, a 7.2% drop in total retail used vehicle revenues, and a 5.6% decrease in total gross profit. The company attributed these declines to inventory adjustments and a $71.3 million increase in loan loss provisions [3]. Stock Market Reaction - Following the financial results announcement, CarMax's share price fell by $11.45, or 20.1%, closing at $45.60 per share on September 25, 2025, resulting in significant losses for investors [4]. Allegations in the Lawsuit - The lawsuit alleges that CarMax's management made materially false and misleading statements regarding the company's growth prospects, claiming that earlier growth was due to temporary factors related to tariff speculation. The defendants are accused of failing to disclose adverse facts about the company's business and operations, leading to misleading positive statements [5].

Core Viewpoint - A class action lawsuit has been filed against CarMax, Inc. for failing to disclose material information during a specified period, leading to significant losses for investors [3][4]. Summary by Sections Class Action Lawsuit Details - Investors who suffered substantial losses from purchasing CarMax securities between June 20, 2025, and September 24, 2025, have until January 2, 2026, to file lead plaintiff applications [1]. - The lawsuit is currently pending in the United States District Court for the District of Maryland [1]. Financial Performance - On September 25, 2025, CarMax reported a 5.4% decrease in retail unit sales, a 6.3% decrease in comparable store unit sales, and a 2.2% decrease in wholesale units [3]. - The company's net earnings per diluted share fell to $0.64 from $0.85 a year ago [3]. Stock Price Impact - Following the financial results announcement, CarMax's share price dropped by $11.5, or 20.07%, closing at $45.60 per share on September 25, 2025 [4].

Nov 4, 2025 6:00 PM Eastern Standard Time KMX ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action on Behalf of CarMax, Inc. Investors Share NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP announces that a class action lawsuit - Jason Cap v. CarMax, Inc. - has been filed on behalf of investors who acquired CarMax, Inc. ("CarMax†or the "Company†) (NYSE:KMX) securities during the period of June 20, 2025 through September 24, 2025, inclusive ("the Class Period†). If y ...

Core Viewpoint - A securities fraud class action has been filed against CarMax, Inc. for allegedly misleading investors regarding its business model and financial performance during a specific period in 2025 [1][3]. Group 1: Lawsuit Details - The class action seeks to represent investors who acquired CarMax securities between June 20, 2025, and September 24, 2025 [1]. - The lawsuit was prompted by a significant stock sell-off on September 25, 2025, when CarMax's stock dropped nearly 20% following disappointing Q2 2026 financial results [2][7]. - The lead plaintiff deadline for the lawsuit is set for January 2, 2026 [4]. Group 2: Financial Performance - CarMax reported a 24% year-over-year decline in net EPS for Q2 2026, alongside a 5.4% drop in retail used unit sales and a 6.3% decrease in comparable store used unit sales [6]. - The CarMax Auto Finance (CAF) segment experienced an 11.02% revenue decline year-over-year, attributed to a $142 million loan loss provision, which was a nearly 40% sequential increase and approximately 24% year-over-year jump [7]. Group 3: Allegations of Misleading Information - The complaint alleges that CarMax misled investors by claiming strong growth prospects and failing to disclose that positive Q1 2026 results were due to consumers accelerating car purchases to avoid tariffs [5]. - Hagens Berman is investigating whether CarMax intentionally misled investors about the strength of its business model and the quality of its loan portfolio [3][8].

Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of CarMax, Inc. securities for the period between June 20, 2025, and September 24, 2025, alleging that the company made materially false and misleading statements regarding its growth prospects [1][5]. Group 1: Lawsuit Details - The lawsuit 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 [5]. - Investors are encouraged to join the class action without incurring out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Next Steps for Investors - Interested investors can join the CarMax class action by visiting the provided link or contacting the law firm directly [3][6]. - A lead plaintiff must be appointed 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 against a Chinese company at the time [4]. - The firm has consistently ranked highly in securities class action settlements and has recovered hundreds of millions of dollars for investors [4].

NEW YORK, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or acquired the securities of CarMax, Inc. (“CarMax” or the “Company”) (NYSE: KMX) between June 20, 2025 and September 24, 2025, inclusive. For more information, submit a form at CarMax, Inc. Shareholder Class Action Lawsuit, email Investor Relations Manager Peter Allocco at pallocco@bernlieb.com, or call us at (212) 95 ...

NEW YORK--(BUSINESS WIRE)---- $KMX #BFA--BFA Law announces that a class action lawsuit has been filed against CarMax, Inc. for securities fraud after significant stock drop. ...

Core Viewpoint - CarMax, Inc. is under investigation by Faruqi & Faruqi, LLP for potential claims related to a federal securities class action, with a deadline for investors to seek lead plaintiff status set for January 2, 2026 [1] Group 1 - Faruqi & Faruqi, LLP is a prominent national securities law firm with offices in New York, Pennsylvania, California, and Georgia [1] - The investigation pertains to potential claims against CarMax, Inc. (NYSE: KMX) [1]

NEW YORK, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the District of Maryland on behalf of all persons or entities who purchased or otherwise acquired CarMax, Inc. (“CarMax” or the “Company”) (NYSE: KMX) securities between June 20, 2025 and September 24, 2025, inclusive (the “Class Period”). The Complaint alleges that Defendants made false and/or misleading statements and/or failed to dis ...