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

LOS ANGELES, Nov. 06, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises CarMax, Inc., (“CarMax” or the "Company") (NYSE: KMX) investors off a class action on behalf of investors that bought securities between March 5, 2024 and October 8, 2025, inclusive (the “Class Period”). CarMax, Inc. investors have until January 2, 2025 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, ...

BOSTON, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Block & Leviton announces that a securities fraud lawsuit has been filed against CarMax, Inc. (NYSE: KMX) and certain of its executives. Investors who have lost money in their CarMax, Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/kmx.  What is this all about? Shares of CarMax fell more than 10% in pre-market trading on November 6, 2025, after the company announc ...

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]

Investment management company First Pacific Advisors recently released its “The FPA Crescent Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the third quarter, the fund gained 5.54% and 15.32% in the trailing twelve months. The fund’s top five performers contributed 6. 65% to its trailing twelve-month return while its bottom five detracted 2.58%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2025. In its third-quarter 2025 inv ...

Core Points - CarMax Inc. shares dropped over 10% in premarket trading following the unexpected resignation of CEO Bill Nash [1] - David McCreight has been appointed as interim CEO, while Tom Folliard takes on the role of interim executive chair [2] - The board aims to enhance sales, profitability, and reduce costs during this transitional period, acknowledging that recent results do not reflect the company's potential [3] Company Performance - CarMax has faced significant challenges this year, with its stock price declining approximately 50% in 2025, contrasting with other car retailers that have seen stock increases [4]

CarMax Announces Leadership Changes Share RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE: KMX) ("CarMax†or the "Company†) today announced leadership changes to strengthen its business. David McCreight, a member of the Board of Directors (the "Board†), and proven retail business leader and brand strategist, has been named Interim President and Chief Executive Officer. Concurrently with Mr. McCreight's appointment, current Chair of the Board, Tom Folliard, an executive with a 30-year history with CarM ...

Core Points - ClaimsFiler reminds investors of the deadline to file lead plaintiff applications in a class action lawsuit against CarMax, Inc. for securities purchased between June 20, 2025, and September 24, 2025 [1] - The lawsuit alleges that CarMax and certain executives failed to disclose material information, violating federal securities laws [3] Financial Performance - 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 for the second quarter of fiscal year 2026 [3] - Net earnings per diluted share were $0.64, down from $0.85 a year ago [3] Market Reaction - Following the announcement of the financial results, CarMax's share price fell by $11.5, or 20.07%, closing at $45.60 per share on September 25, 2025 [4] Legal Information - The case is titled Cap v. CarMax, Inc., No. 25-cv-03602, and is pending in the United States District Court for the District of Maryland [4]