NYSE: KMX Investigation: Kessler Topaz Meltzer & Check, LLP Encourages CarMax, Inc. (NYSE: KMX) Investors with Significant Losses to Contact the Firm
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]