Core Viewpoint - A class action lawsuit has been filed against CarMax, Inc. for alleged violations of federal securities laws during the specified class period from June 20, 2025, to September 24, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that CarMax's executives made false and misleading statements regarding the company's growth prospects, which were overstated due to temporary factors related to customer behavior influenced by tariff speculation [3]. - The complaint alleges that these misleading statements resulted in material misrepresentation about CarMax's business operations and future prospects, leading to investor damages when the truth was revealed [3]. Group 2: Class Action Participation - Investors who purchased CarMax securities during the class period are encouraged to join the lawsuit, with a deadline of January 2, 2026, to request appointment as lead plaintiff [4]. - Participation in any recovery does not require serving as the lead plaintiff, allowing more investors to potentially benefit from the outcome [4]. Group 3: Legal Representation - The law firm Bronstein, Gewirtz & Grossman operates on a contingency fee basis, meaning they will only collect fees if the lawsuit is successful, thus minimizing upfront costs for investors [5]. - The firm has a history of recovering substantial amounts for investors in similar cases, indicating a strong track record in securities fraud class actions [6].
KMX INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that CarMax, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit