Nov 3, 2025 8:10 PM Eastern Standard Time This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. KMX Investors Have Opportunity to Lead CarMax, Inc. Securities Fraud Lawsuit with the Schall Law Firm Share LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against CarMax, Inc. ("CarMax†or "the Company†) (NYSE: KMX) for violations of §§10(b) and 20 ...

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].

Core Insights - CarMax, Inc. reported significant declines in revenue and profit for the second quarter of fiscal year 2026, with a revenue decrease of 6.0%, a 7.2% drop in total retail used vehicle revenues, and a 5.6% decline in total gross profit [2] - Following the financial results announcement, CarMax's stock price fell by $11.45 per share, approximately 20%, closing at $45.60 on September 25, 2025, down from $57.05 the previous day [2] Company Investigation - Kessler Topaz Meltzer & Check, LLP is investigating potential violations of federal securities laws on behalf of CarMax investors [1][3] - The law firm has a history of prosecuting class actions related to securities fraud and has recovered billions for investors [3]

Diamond Hill Capital, an investment management company, released its “Select Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. Markets continued their YTD rally in the third quarter, with the Russell 3000 Index surging 8%. At the same time, the portfolio underperformed the Russell 3000 Index, returning 4.98%. To get an idea of the fund’s best choices for 2025, check out its top 5 positions. In its third-quarter 2025 investor letter, Diamond Hill Select Fund highlighted ...

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of CarMax, Inc. due to allegations of materially misleading business information issued by the company [1]. Financial Performance - CarMax reported earnings per share (EPS) of $0.64 on $6.6 billion in sales for the second quarter of its 2026 fiscal year, significantly below consensus estimates of EPS of $1.03 on $7 billion in sales [4]. - The CEO described the quarter as "challenging" and announced a plan to cut selling, general, and administrative spending by $150 million over the next 18 months [4]. Stock Market Reaction - Following the disappointing financial results, CarMax's stock price fell by $11.5 per share, or 20.07%, closing at $45.60 per share on September 25, 2025 [5]. Legal Action - Rosen Law Firm is preparing a class action lawsuit seeking recovery of investor losses, allowing affected shareholders to join without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested investors can join the prospective class action by submitting a form or contacting the firm directly [3]. Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements and recognition in the field [6].

Layoff - CarMax 正在裁减数百名客户体验中心员工 [1] - 裁员发生在该二手车零售商令华尔街失望的疲软收益发布大约一个月后 [1] Company Performance - CarMax 的业绩表现不佳，令华尔街失望 [1]

Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against CarMax, Inc. for possible violations of federal securities laws and unlawful business practices affecting stockholders [1][2]. Investigation Details - The investigation is focused on whether CarMax has engaged in practices that may have harmed investors, particularly in light of recent financial disclosures [1][2]. Financial Performance - On April 10, 2025, CarMax reported its fourth quarter and fiscal year 2025 results, missing consensus estimates and removing long-term revenue, unit sales, and market share goals due to macroeconomic factors, leading to a stock price drop of $13.61 (17%) to $66.45 per share [6]. - On September 25, 2025, CarMax disclosed significant year-over-year declines in revenue and profit, including a 6.0% revenue decline, a 7.2% decline in total retail used vehicle revenues, and a 5.6% decline in total gross profit, attributed to inventory adjustments and a $71.3 million increase in loan loss provisions, causing shares to fall by $11.45 (20.1%) to $45.60 per share [6].