KMX INVESTOR ALERT: RGRD Law Announces that CarMax, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Core Points - The CarMax class action lawsuit has been initiated against CarMax, Inc. and certain executives for alleged violations of the Securities Exchange Act of 1934 during the Class Period from June 20, 2025, to September 24, 2025 [1][3] - Investors who suffered losses during the Class Period have until January 2, 2026, to seek appointment as lead plaintiff in the lawsuit [1][5] - The lawsuit claims that CarMax overstated its growth prospects, attributing earlier growth to temporary factors related to customer behavior influenced by tariff speculation [3][4] Financial Performance - CarMax reported a 5.4% decrease in retail unit sales and a 6.3% decrease in comparable store unit sales for the second quarter of fiscal year 2026 [4] - Net earnings per diluted share fell to $0.64 from $0.85 a year ago, leading to a significant drop of approximately 20% in CarMax's share price following the announcement [4] Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased CarMax securities during the Class Period to seek lead plaintiff status, representing the interests of the class [5] - The lead plaintiff can choose a law firm to litigate the case, and participation as lead plaintiff does not affect the ability to share in any potential recovery [5] About the Law Firm - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [6] - The firm has a strong track record, being ranked 1 in monetary relief for investors in securities class action cases for four out of the last five years [6]