KMX INVESTOR ALERT: CarMax, Inc. Investors with Substantial Losses Have Opportunity to Lead Investor 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 November 5, 2025 [1][3] - Investors who suffered losses during this period can seek to be appointed as lead plaintiff by January 2, 2026 [1][6] Allegations - The lawsuit claims that CarMax recklessly overstated its growth prospects, attributing earlier growth in fiscal year 2026 to temporary factors related to customer behavior influenced by tariff speculation [3] - On September 25, 2025, CarMax reported a 5.4% decrease in retail unit sales and a 6.3% decrease in comparable store unit sales, with net earnings per diluted share dropping to $0.64 from $0.85 year-over-year, leading to a 20% drop in share price [4] - Following the termination of CEO William D. Nash on November 4, 2025, and the expectation of weak third-quarter sales, CarMax shares fell over 24% [5] 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, which involves directing the lawsuit on behalf of all class members [6] About the Law Firm - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [7]