Core Viewpoint - An amended securities class action lawsuit has been filed against CarMax, expanding the class period to include those who purchased CarMax securities between June 20, 2025, and November 5, 2025 [1] Allegations Against Defendants - The complaint alleges that Defendants made false and/or misleading statements and failed to disclose that they overstated CarMax's growth prospects, attributing earlier growth in the 2026 fiscal year to temporary benefits from customer speculation regarding tariffs [3] - As a result, the positive statements made by Defendants about the company's business, operations, and prospects were materially misleading and lacked a reasonable basis [3] Lead Plaintiff Process - CarMax investors may seek to be appointed as a lead plaintiff representative of the class by January 2, 2026, or may choose to remain an absent class member [4] - The lead plaintiff acts on behalf of all class members in directing the litigation and is typically the investor or small group of investors with the largest financial interest [4] Law Firm Information - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of fraud and corporate misconduct [5]
KMX ANNOUNCEMENT: Kessler Topaz Meltzer & Check, LLP Notifies Investors of a Class Action Lawsuit Against CarMax, Inc. (KMX)