KMX Investor Alert: Kessler Topaz Meltzer & Check, LLP Urges KMX Investors of Securities Fraud Class Action Lawsuit Filed Against CarMax, Inc. with Expanded Class Period

Core Viewpoint - An amended securities class action lawsuit has been filed against CarMax, Inc., expanding the class period to include purchases made between June 20, 2025, and November 5, 2025, with a lead plaintiff deadline set for January 2, 2026 [1]. Allegations Against Defendants - The complaint alleges that during the class period, defendants made false or misleading statements and failed to disclose that CarMax's growth prospects were overstated, attributing earlier growth in the 2026 fiscal year to temporary factors related to customer behavior influenced by tariff speculation [2]. - It is claimed that the positive statements made by defendants regarding the company's business and prospects were materially misleading and lacked a reasonable basis throughout the relevant time [2]. Lead Plaintiff Process - Investors in CarMax have until January 2, 2026, to seek appointment as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or they may choose to remain absent from the class [3]. - The lead plaintiff will represent all class members in directing the litigation and is typically the investor or small group of investors with the largest financial interest [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions in various courts and has a reputation for recovering billions for victims of corporate misconduct [4].