Core Viewpoint - A securities fraud class action has been filed against CarMax, Inc. for allegedly misleading investors regarding its business model and financial performance during a specific period in 2025 [1][3]. Group 1: Lawsuit Details - The class action seeks to represent investors who acquired CarMax securities between June 20, 2025, and September 24, 2025 [1]. - The lawsuit was prompted by a significant stock sell-off on September 25, 2025, when CarMax's stock dropped nearly 20% following disappointing Q2 2026 financial results [2][7]. - The lead plaintiff deadline for the lawsuit is set for January 2, 2026 [4]. Group 2: Financial Performance - CarMax reported a 24% year-over-year decline in net EPS for Q2 2026, alongside a 5.4% drop in retail used unit sales and a 6.3% decrease in comparable store used unit sales [6]. - The CarMax Auto Finance (CAF) segment experienced an 11.02% revenue decline year-over-year, attributed to a $142 million loan loss provision, which was a nearly 40% sequential increase and approximately 24% year-over-year jump [7]. Group 3: Allegations of Misleading Information - The complaint alleges that CarMax misled investors by claiming strong growth prospects and failing to disclose that positive Q1 2026 results were due to consumers accelerating car purchases to avoid tariffs [5]. - Hagens Berman is investigating whether CarMax intentionally misled investors about the strength of its business model and the quality of its loan portfolio [3][8].

Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of CarMax, Inc. securities for the period between June 20, 2025, and September 24, 2025, alleging that the company made materially false and misleading statements regarding its growth prospects [1][5]. Group 1: Lawsuit Details - The lawsuit claims that CarMax's defendants overstated the company's growth prospects, attributing earlier growth in the 2026 fiscal year to temporary factors related to customer behavior influenced by tariff speculation [5]. - Investors are encouraged to join the class action without incurring out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Next Steps for Investors - Interested investors can join the CarMax class action by visiting the provided link or contacting the law firm directly [3][6]. - A lead plaintiff must be appointed by January 2, 2026, to represent other class members in the litigation [3]. Group 3: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest against a Chinese company at the time [4]. - The firm has consistently ranked highly in securities class action settlements and has recovered hundreds of millions of dollars for investors [4].

NEW YORK, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or acquired the securities of CarMax, Inc. (“CarMax” or the “Company”) (NYSE: KMX) between June 20, 2025 and September 24, 2025, inclusive. For more information, submit a form at CarMax, Inc. Shareholder Class Action Lawsuit, email Investor Relations Manager Peter Allocco at pallocco@bernlieb.com, or call us at (212) 95 ...

NEW YORK--(BUSINESS WIRE)---- $KMX #BFA--BFA Law announces that a class action lawsuit has been filed against CarMax, Inc. for securities fraud after significant stock drop. ...

Core Viewpoint - CarMax, Inc. is under investigation by Faruqi & Faruqi, LLP for potential claims related to a federal securities class action, with a deadline for investors to seek lead plaintiff status set for January 2, 2026 [1] Group 1 - Faruqi & Faruqi, LLP is a prominent national securities law firm with offices in New York, Pennsylvania, California, and Georgia [1] - The investigation pertains to potential claims against CarMax, Inc. (NYSE: KMX) [1]

NEW YORK, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the District of Maryland on behalf of all persons or entities who purchased or otherwise acquired CarMax, Inc. (“CarMax” or the “Company”) (NYSE: KMX) securities between June 20, 2025 and September 24, 2025, inclusive (the “Class Period”). The Complaint alleges that Defendants made false and/or misleading statements and/or failed to dis ...

Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In CarMax (KMX) To Contact Him Directly To Discuss Their Options If you purchased or acquired CarMax securities between June 20, 2025 and September 24, 2025 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648. Click here to participate in the action. NEW YORK, Nov. 04, 2025 (GLOBE NEWSWIRE) -- What’s Happening: Bragar ...

Core Viewpoint - The CarMax class action lawsuit alleges that the company and its executives misrepresented growth prospects, leading to significant investor losses during the specified class period [3][4]. Group 1: Lawsuit Details - The class action lawsuit is titled Cap v. CarMax, Inc., and it involves purchasers of CarMax securities from June 20, 2025, to September 24, 2025 [1]. - Investors have until January 2, 2026, to apply for lead plaintiff status in the lawsuit [1]. - The lawsuit claims that CarMax's growth in fiscal year 2026 was overstated and was primarily driven by temporary factors related to customer behavior influenced by tariff speculation [3]. Group 2: Financial Impact - On September 25, 2025, CarMax reported a 5.4% decrease in retail unit sales and a 6.3% decrease in comparable store unit sales for the second quarter of fiscal year 2026 [4]. - The company's net earnings per diluted share fell to $0.64 from $0.85 a year ago, contributing to a 20% drop in share price following the announcement [4]. Group 3: 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 [5]. - The lead plaintiff will represent the interests of all class members and can choose a law firm for litigation [5]. Group 4: Law Firm Background - 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 [6]. - The firm has a strong track record, including the largest securities class action recovery in history at $7.2 billion from the Enron case [6].

Core Viewpoint - A class action lawsuit has been filed against CarMax, Inc. for allegedly misleading investors about its growth prospects during the fiscal year 2026, following disappointing financial results that led to a significant drop in stock price [1][2][3]. Group 1: Allegations and Financial Impact - CarMax reported disappointing financial results for Q2 of fiscal year 2026 on September 25, 2025, resulting in a stock price decline of $11.5 per share, or 20.07%, closing at $45.60 [2]. - The following day, the stock fell an additional 1.62%, closing at $44.86 [2]. - Plaintiffs allege that CarMax's growth was overstated and that the earlier growth was a temporary effect due to customer speculation regarding tariffs [3]. Group 2: Class Action Participation - Shareholders interested in serving as lead plaintiffs must submit their papers by January 2, 2026, to represent other class members in the litigation [4]. - Shareholders can remain absent class members and are not required to participate in the case to be eligible for recovery [4]. - All legal representation is on a contingency fee basis, meaning shareholders incur no fees or expenses [4].

Core Viewpoint - CarMax, Inc. is facing a lawsuit for alleged violations of securities laws, which may impact its financial standing and investor confidence [1] Group 1 - The lawsuit has been initiated by the DJS Law Group, indicating potential legal challenges for CarMax [1] - The nature of the securities law violations has not been detailed in the provided information, but such allegations typically involve misleading statements or omissions that could affect stock prices [1] - Investors are encouraged to discuss their rights in light of the lawsuit, suggesting that there may be broader implications for shareholder interests [1]