CarMax, Inc. Sued For Securities Violations; Block & Leviton Encourages Investors Who Have Lost Money to Contact the Firm

Core Viewpoint - CarMax, Inc. is facing a securities fraud lawsuit following a significant drop in its stock price after the announcement of CEO Bill Nash's resignation and allegations of overstating growth prospects [2][1]. Group 1: Company Developments - CarMax shares fell over 10% in pre-market trading on November 6, 2025, after the announcement that CEO Bill Nash will step down effective December 1, 2025, with board member David McCreight serving as interim CEO [2]. - The lawsuit alleges that CarMax overstated its long-term growth prospects between June 20, 2025, and September 24, 2025, claiming "significant year-over-year earnings growth for years to come" based on temporary sales strength driven by tariff speculation [2]. Group 2: Investor Information - Investors who purchased CarMax common stock between June 20, 2025, and September 24, 2025, and have experienced a decline in their shares may be eligible to recover losses [3]. - The deadline to seek appointment as lead plaintiff in the lawsuit is January 2, 2026, and a class has not yet been certified [4]. Group 3: Whistleblower Information - Individuals with non-public information about CarMax are encouraged to assist in the investigation or file a report with the SEC under the whistleblower program, potentially receiving rewards of up to 30% of any successful recovery [5]. Group 4: Legal Representation - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [6].