BFA Law is Investigating CarMax, Inc. (NYSE:KMX) for Securities Fraud after 20% Stock Drop -- Contact the Firm if You Lost Money

Core Insights - CarMax, Inc. is under investigation for potential violations of federal securities laws, following a significant decline in stock price after disappointing earnings reports [1][3]. Group 1: Investigation Details - The investigation is led by Bleichmar Fonti & Auld LLP, a prominent securities law firm [1]. - The inquiry focuses on CarMax's claims regarding strong demand for used cars, which may have been artificially inflated due to pre-tariff purchasing behavior [2]. Group 2: Financial Performance - In fiscal Q2 2025, 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 [3]. - 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 tariff announcements [3]. Group 3: Stock Market Reaction - Following the earnings 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 [3].