Core Viewpoint - An amended securities class action lawsuit has been filed against CarMax, Inc., expanding the class period to include those who purchased securities 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 and misleading statements regarding CarMax's growth prospects, claiming that earlier growth was a temporary benefit due to customer speculation about tariffs [2]. - It is asserted that the positive statements made by defendants about the company's business and operations were materially misleading and lacked a reasonable basis [2]. Lead Plaintiff Process - Investors in CarMax may seek to be appointed as lead plaintiff representatives by January 2, 2026, or may choose to remain absent class members [3]. - The lead plaintiff acts on behalf of all class members and selects counsel to represent the class, with the ability to share in any recovery not affected by the decision to serve as lead plaintiff [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has recovered billions for victims of fraud and corporate misconduct [4].
KMX Shareholder Reminder: Kessler Topaz Meltzer & Check, LLP Reminds CarMax, Inc. (KMX) Shareholders of Deadline in Securities Fraud Class Action Lawsuit