Core Viewpoint - A class action lawsuit has been filed against CarMax, Inc. and certain senior executives for securities fraud following a significant stock drop attributed to potential violations of federal securities laws [1][2]. Group 1: Lawsuit Details - Investors have until January 2, 2026, to request to lead the case, which is pending in the U.S. District Court for the District of Maryland [2]. - The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of CarMax investors [2]. Group 2: Company Performance and Stock Impact - CarMax reported disappointing financial results for Q2 FY 2026, including a 5.4% decline in retail used unit sales, a 6.3% decline in comparable store used unit sales, and a 2.2% decline in wholesale units [5]. - The company's net income for Q2 was approximately $95.4 million, down from $132.8 million the previous year, attributed to a "pull forward" in demand due to U.S. tariffs [5]. - Following the financial report, CarMax's stock price dropped by $11.45 per share, or roughly 20%, from $57.05 on September 24, 2025, to $45.60 on September 25, 2025 [6]. - An unexpected departure of CEO Bill Nash on November 6, 2025, and a weak preliminary Q3 2025 outlook led to an additional stock drop of over 24% [6]. Group 3: Company Background - CarMax is a leading retailer of used cars, emphasizing a seamless customer experience and strong demand for its vehicles [3]. - The law firm Bleichmar Fonti & Auld LLP, known for representing plaintiffs in securities class actions, is handling the lawsuit against CarMax [10].

NEW YORK, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in CarMax, Inc. ("CarMax, Inc." or the "Company") (NYSE: KMX) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of CarMax, Inc. investors who were adversely affected by alleged securities fraud between June 20, 2025 and November 5, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/carmax-inc-lawsuit-submis ...

INVESTOR ALERT: The CarMax, Inc. Securities Fraud Class Action is Pending, Investors Urged to Contact BFA Law by January 2 DeadlineDecember 04, 2025 3:46 PM EST | Source: Bleichmar Fonti & AuldNew York, New York--(Newsfile Corp. - December 4, 2025) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against CarMax, Inc. (NYSE: KMX) and certain of the Company's senior executives for securities fraud after a significant stock drop resulti ...

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]

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In CarMax To Contact Him Directly To Discuss Their Options If you suffered losses in CarMax between June 20, 2025 and September 24, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, Dec. 4, 2025 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading ...

NEW YORK , Dec. 4, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of CarMax, Inc. (NYSE: KMX). Shareholders who purchased shares of KMX during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. ...

NEW YORK--(BUSINESS WIRE)---- $KMX #classactionlawsuit--The law firm of Kirby McInerney LLP reminds CarMax, Inc. ("CarMax†or the "Company†) (NYSE:KMX) investors of the January 2, 2026 deadline to seek lead plaintiff appointment in the class action filed on behalf of investors who acquired CarMax securities between June 20, 2025 through November 5, 2025 ("the Class Period†). Follow the link below for more information: [CONTACT THE FIRM IF YOU SUFFERED A LOSS] What Is The Lawsuit About? The lawsuit allege ...

Core Viewpoint - Hutchinson Capital Management has completely exited its position in CarMax, liquidating approximately $9.96 million worth of shares during the third quarter of 2025, indicating a significant shift in investment strategy towards the company [1][2][7]. Company Overview - CarMax, Inc. operates a nationwide network of stores providing a wide range of automotive products and services, including in-house financing and vehicle repair services [6]. - The company's revenue for the trailing twelve months (TTM) is reported at $27.79 billion, with a net income of $521.07 million [4]. Financial Performance - As of November 11, 2025, CarMax shares were priced at $34.14, reflecting a one-year price decline of 55.54% [3][4]. - The company's stock has underperformed the S&P 500 by 69 percentage points over the past year [3]. Market Challenges - CarMax is facing significant challenges, including a 6% year-over-year decline in revenue over the past three years, attributed to macroeconomic weakness and reduced demand for used cars [14]. - Increased competition from online-first competitors like Carvana has further pressured CarMax's market share [14]. - Higher interest rates have led to increased monthly payments for consumers, causing them to retain their existing vehicles longer, which negatively impacts CarMax's sales [14].

CARMAX STOCK ALERT: CarMax, Inc. (KMX) Investors Reminded to Contact BFA Law Prior to the January 2 Deadline in Securities Fraud Class ActionDecember 03, 2025 3:36 PM EST | Source: Bleichmar Fonti & AuldNew York, New York--(Newsfile Corp. - December 3, 2025) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against CarMax, Inc. (NYSE: KMX) and certain of the Company's senior executives for securities fraud after a significant stock dr ...

Partner Reed Kathrein Scrutinizing Undisclosed Business Weakness Preceding Dual Stock Crashes Totaling Over 44%SAN FRANCISCO,Dec. 3, 2025/PRNewswire/ -- National shareholder rights law firm**Hagens Berman**reminds investors that the deadline to move the Court for appointment as lead plaintiff in the securities class action lawsuit against**CarMax, Inc. (NYSE:[KMX](#financial-modal))**is**January 2, 2026**.The lawsuitallegesthat CarMax and its executives provided materially false and misleading information b ...