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]. Company Overview - CarMax, Inc. is a leading retailer of used cars, which has recently faced legal challenges and stock price volatility [3]. Legal Proceedings - Investors have until January 2, 2025, to request to lead the case in the U.S. District Court for the District of Maryland, under the case caption Jason Cap v. CarMax, Inc., et al. [2]. - The lawsuit claims violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of CarMax investors [2]. 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 [5]. - The net income for the second quarter was approximately $95.4 million, down from $132.8 million in the previous year [5]. Stock Price Movement - Following the announcement of poor financial results on September 25, 2025, CarMax's stock price fell by $11.45 per share, or about 20%, from $57.05 to $45.60 [6]. - An unexpected departure of CEO Bill Nash on November 6, 2025, along with a weak preliminary Q3 2025 outlook, led to an additional drop of over 15% in stock price [6].

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: Class Action Details - The class action lawsuit is titled Cap v. CarMax, Inc., and it allows investors who purchased CarMax securities between June 20, 2025, and September 24, 2025, to seek lead plaintiff status by January 2, 2026 [1][5]. - 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][4]. 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 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, which contributed to a 20% drop in share price following the announcement [4]. Group 3: Legal Representation - Robbins Geller Rudman & Dowd LLP is leading the class action, known for its significant recoveries in securities fraud cases, having secured over $2.5 billion for investors in 2024 alone [6].

KMX CLASS ACTION UPDATE: Rosen Law Firm Expands Class Period to Include More CarMax, Inc. Investors in Securities Class Action First Filed by the Firm - KMXNovember 06, 2025 8:00 PM EST | Source: The Rosen Law Firm PANew York, New York--(Newsfile Corp. - November 6, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of securities of CarMax, Inc. (NYSE: KMX) between June 20, 2025 and November 5, 2025, both dates ...

SAN FRANCISCO, Nov. 06, 2025 (GLOBE NEWSWIRE) -- On November 6, 2025, investors saw the price of CarMax, Inc. (NYSE: KMX) shares tumble as much as $9.48 (-23%) after the company announced that CEO Bill Nash has been fired and will leave the Board, both effective December 1, 2025. The company also reported disappointing preliminary third-quarter 2026 preliminary financial results, forecasting comparable store unit decrease of 8% - 12% and net EPS in the range of only $0.18 - $0.36 versus analysts’ reported e ...

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, due to alleged misleading statements regarding the company's 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 specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - The lawsuit claims that defendants made materially false and misleading statements about CarMax's growth, overstating its prospects based on temporary benefits from customer behavior related to tariff speculation [5]. Group 2: Next Steps for Investors - Investors interested in joining the CarMax class action can do so by visiting the provided link or contacting the law firm directly [3][6]. - A lead plaintiff must file a motion with the court by January 2, 2026, to represent other class members 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 the largest securities class action settlement against a Chinese company [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4].

Core Points - The CarMax class action lawsuit has been initiated against CarMax, Inc. and certain executives for alleged violations of the Securities Exchange Act of 1934 during the Class Period from June 20, 2025, to September 24, 2025 [1][3] - Investors who suffered losses during the Class Period have until January 2, 2026, to seek appointment as lead plaintiff in the lawsuit [1][5] - The lawsuit claims that CarMax overstated its growth prospects, attributing earlier growth to temporary factors related to customer behavior influenced by tariff speculation [3][4] Financial Performance - 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] - Net earnings per diluted share fell to $0.64 from $0.85 a year ago, leading to a significant drop of approximately 20% in CarMax's share price following the announcement [4] 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 [5] - The lead plaintiff can choose a law firm to litigate the case, and participation as lead plaintiff does not affect the ability to share in any potential recovery [5] About the Law Firm - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [6] - The firm has a strong track record, being ranked 1 in monetary relief for investors in securities class action cases for four out of the last five years [6]

2025 has been a very difficult year for investors in CarMax, Inc. ( KMX ), with the stock losing about half of its value. Unfortunately, that pain continued on Thursday , with shares plunging over 10% in early trading as the companyOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know!Analy ...

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].

Nov 6, 2025 12:00 PM Eastern Standard Time Deadline Approaching: CarMax, Inc. (KMX) Shareholders Who Lost Money Urged To Contact Law Offices of Howard G. Smith Share BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming January 2, 2026 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased CarMax, Inc. ("CarMax†or the "Company†) (NYSE: KMX) securities between June 20, 2025 and September 24, 2025, inclusive (the "Class Peri ...