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 ...

Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In CarMax (KMX) To Contact Him Directly To Discuss Their Options If you purchased or acquired CarMax securities between June 20, 2025 and September 24, 2025 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648. Click here to participate in the action. NEW YORK, Nov. 04, 2025 (GLOBE NEWSWIRE) -- What’s Happening: Bragar ...

Core Viewpoint - The CarMax class action lawsuit alleges that the company and its executives misrepresented growth prospects, leading to significant investor losses during the specified class period [3][4]. Group 1: Lawsuit Details - The class action lawsuit is titled Cap v. CarMax, Inc., and it involves purchasers of CarMax securities from June 20, 2025, to September 24, 2025 [1]. - Investors have until January 2, 2026, to apply for lead plaintiff status in the lawsuit [1]. - The lawsuit claims that CarMax's growth in fiscal year 2026 was overstated and was primarily driven by temporary factors related to customer behavior influenced by tariff speculation [3]. Group 2: Financial Impact - On September 25, 2025, CarMax reported a 5.4% decrease in retail unit sales and a 6.3% decrease in comparable store unit sales for the second quarter of fiscal year 2026 [4]. - The company's net earnings per diluted share fell to $0.64 from $0.85 a year ago, contributing to a 20% drop in share price following the announcement [4]. 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 [5]. - The lead plaintiff will represent the interests of all class members and can choose a law firm for litigation [5]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [6]. - The firm has a strong track record, including the largest securities class action recovery in history at $7.2 billion from the Enron case [6].

Core Viewpoint - A class action lawsuit has been filed against CarMax, Inc. for allegedly misleading investors about its growth prospects during the fiscal year 2026, following disappointing financial results that led to a significant drop in stock price [1][2][3]. Group 1: Allegations and Financial Impact - CarMax reported disappointing financial results for Q2 of fiscal year 2026 on September 25, 2025, resulting in a stock price decline of $11.5 per share, or 20.07%, closing at $45.60 [2]. - The following day, the stock fell an additional 1.62%, closing at $44.86 [2]. - Plaintiffs allege that CarMax's growth was overstated and that the earlier growth was a temporary effect due to customer speculation regarding tariffs [3]. Group 2: Class Action Participation - Shareholders interested in serving as lead plaintiffs must submit their papers by January 2, 2026, to represent other class members in the litigation [4]. - Shareholders can remain absent class members and are not required to participate in the case to be eligible for recovery [4]. - All legal representation is on a contingency fee basis, meaning shareholders incur no fees or expenses [4].

Core Viewpoint - CarMax, Inc. is facing a lawsuit for alleged violations of securities laws, which may impact its financial standing and investor confidence [1] Group 1 - The lawsuit has been initiated by the DJS Law Group, indicating potential legal challenges for CarMax [1] - The nature of the securities law violations has not been detailed in the provided information, but such allegations typically involve misleading statements or omissions that could affect stock prices [1] - Investors are encouraged to discuss their rights in light of the lawsuit, suggesting that there may be broader implications for shareholder interests [1]

Core Viewpoint - CarMax, Inc. is facing a class action lawsuit for securities fraud, with allegations of false and misleading statements regarding its growth prospects during the fiscal year 2026 [1][5]. Group 1: Lawsuit Details - The class action lawsuit is based on violations of the Securities Exchange Act of 1934, specifically §§10(b) and 20(a), and Rule 10b-5 [1]. - Investors who purchased CarMax securities between June 20, 2025, and September 24, 2025, are encouraged to participate in the lawsuit before January 2, 2026 [2]. - The lawsuit has not yet been certified, meaning potential class members are not currently represented by an attorney [4]. Group 2: Allegations Against CarMax - The complaint alleges that CarMax overstated its growth prospects, attributing early fiscal year 2026 growth to customer speculation about tariffs on vehicles [5]. - The public statements made by CarMax during the class period are claimed to be false and materially misleading, leading to investor damages once the truth was revealed [5].

Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of CarMax, Inc. securities purchasers during the specified Class Period, alleging that the company made materially false and misleading statements regarding its growth prospects [1][5]. Group 1: Lawsuit Details - The class action lawsuit pertains to securities purchased between June 20, 2025, and September 24, 2025 [1]. - The lawsuit claims that CarMax's growth was overstated due to temporary factors, specifically customer purchases driven by speculation about tariffs [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 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 the class in the litigation [3]. 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 [4]. - The firm has been recognized for its success in securities class action settlements, ranking in the top 4 since 2013 [4].

NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of CarMax, Inc. (NYSE: KMX) between June 20, 2025 and September 24, 2025, both dates inclusive (the "Class Period†). The lawsuit seeks to recover damages for CarMax investors under the federal securities laws. To join the CarMax class action, go to https://rosenlegal.com/submit-form/?case_id=47077 or call Phillip Kim, Esq. toll-fre. ...

Core Insights - CarMax has been recognized as the number one automotive marketplace (online) in Newsweek's America's Best Customer Service 2026 list, highlighting its commitment to customer-centric service [1][3] - The company has established a customer-focused omni-channel experience, allowing customers to buy and sell vehicles online, in-store, or through a combination of both, which has led to a record-high Net Promoter Score (NPS) [2][3] - CarMax has been a pioneer in the used car retail industry for over 30 years, introducing a "no-haggle" car-buying model and maintaining a strong reputation as one of the Fortune 100 Best Companies to Work For for 21 consecutive years [6] Company Overview - CarMax is the largest retailer of used cars in the United States, operating more than 250 stores and employing over 30,000 associates [6] - The company offers a seamless car buying process, providing options for online purchases with express pickup or home delivery within a 60-mile radius of select stores [6] - Customers can receive an online offer for their trade-in or sale in under two minutes, valid for seven days, and can access a nationwide inventory of over 45,000 cars with upfront pricing [6] Customer Experience - The recognition from Newsweek is based on an independent survey of over 200,000 evaluations, assessing factors such as likelihood of recommendation, quality of communication, and customer focus [3] - CarMax's NPS reflects high satisfaction levels among customers, particularly those who purchased vehicles online or used a mix of online and in-store options [2] - The company emphasizes continuous innovation to enhance the customer experience, as stated by its Chief Innovation & People Officer [3]

Core Viewpoint - CarMax, Inc. is under investigation for potential violations of federal securities laws, following disappointing financial results and claims regarding its assessment of car loan risks [1][4]. Group 1: Investigation Details - The investigation is initiated by Bleichmar Fonti & Auld LLP, a leading securities law firm, focusing on CarMax's practices related to federal securities laws [1]. - CarMax had previously claimed strong demand for its vehicles and proper risk assessment for car loans, which is now being scrutinized [2]. Group 2: Financial Performance - CarMax reported 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 for Q2 of fiscal year 2026 [4]. - The company's net earnings for Q2 were 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 [4]. - A significant 11.2% decrease in income from the financing segment year-over-year was reported, with a loan loss provision of $142.2 million for the quarter [4]. Group 3: Stock Market Reaction - Following the announcement of disappointing financial results, CarMax's stock price fell by $11.45 per share, approximately 20%, from $57.05 on September 24, 2025, to $45.60 on September 25, 2025 [5].