KMX DEADLINE: CarMax, Inc. Investors Should Contact Block & Leviton By January 2nd to Lead Class Action Lawsuit
CarMaxCarMax(US:KMX) Globenewswire·2025-11-20 20:04

Core Viewpoint - A securities fraud lawsuit has been filed against CarMax, Inc. and certain executives, following a significant drop in share price after the announcement of CEO Bill Nash's resignation and allegations of overstating growth prospects [1][2]. Group 1: Company Overview - CarMax's shares fell over 10% in pre-market trading on November 6, 2025, after the announcement of CEO Bill Nash stepping down effective December 1, 2025 [2]. - The decline in share price is linked to a securities fraud complaint alleging that CarMax overstated its long-term growth prospects between June 20, 2025, and September 24, 2025 [2]. Group 2: Legal and Investor Actions - Investors who purchased CarMax common stock during the specified period and experienced a loss 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]. - Whistleblowers with non-public information about CarMax are encouraged to assist in the investigation, with potential rewards of up to 30% of any successful recovery [5]. Group 3: Firm Background - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [6].

KMX DEADLINE: CarMax, Inc. Investors Should Contact Block & Leviton By January 2nd to Lead Class Action Lawsuit - Reportify