Core Viewpoint - The CarMax class action lawsuit alleges that the company and its executives misrepresented growth prospects, leading to significant stock price declines following disappointing financial results and executive termination announcements [3][4][5]. Group 1: Class Action Details - The class action lawsuit is titled Cap v. CarMax, Inc., and it involves purchasers of CarMax securities from June 20, 2025, to November 5, 2025 [1]. - Investors have until January 2, 2026, to seek appointment as lead plaintiff in the lawsuit [1][6]. - The lawsuit claims that CarMax overstated its growth due to temporary factors related to customer behavior influenced by tariff speculation [3]. Group 2: Financial Performance - 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]. - 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]. - On November 6, 2025, CarMax announced the termination of CEO William D. Nash and projected a significant decline in used car sales, resulting in a further 24% drop in share price [5]. 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 [6]. - The lead plaintiff represents the interests of all class members and can choose a law firm for litigation [6]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [7]. - The firm has a strong track record, including the largest securities class action recovery in history at $7.2 billion [7].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against CarMax, Inc. related to a federal securities class action lawsuit, with a lead plaintiff deadline set for January 2, 2026 [2][5]. Group 1: Legal Proceedings - A federal securities class action has been filed against CarMax, alleging violations of federal securities laws due to false and misleading statements regarding the company's growth prospects [5]. - The lawsuit claims that CarMax's earlier growth was overstated and was primarily driven by temporary factors, such as customer speculation regarding tariffs [5]. - Investors are encouraged to contact Faruqi & Faruqi if they suffered losses in CarMax between June 20, 2025, and September 24, 2025, to discuss their legal rights [1][2]. Group 2: Financial Performance - CarMax reported a significant decrease in income from CarMax Auto Finance, with an 11.2% decline attributed to a $142.2 million provision for loan losses in the second quarter of fiscal 2026, compared to $112.6 million in the same period the previous year [6]. - The provision for loan losses included an increase of $71.3 million in estimated lifetime losses on existing loans, primarily due to worsening performance among the 2022 and 2023 vintages [7]. - Following the release of these financial results, CarMax's stock price fell by $11.45 per share, approximately 20%, closing at $45.60 per share on September 26, 2025 [7].

Core Insights - CarMax, Inc. is a leading retailer of used vehicles in the U.S., operating through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF) [1] - The company is currently under investigation for allegedly misleading investors regarding its growth prospects, particularly related to unsustainable growth in fiscal 2026 [2][6] Financial Performance - CarMax reported an 11.2% decrease in income from CAF in the second quarter of fiscal 2026, attributed to a provision for loan losses of $142.2 million, an increase from $112.6 million the previous year [3][6] - The provision included $71.3 million in estimated lifetime losses on existing loans and $70.9 million for current quarter originations [3] Stock Market Reaction - Following the financial disclosure, CarMax's stock price fell by approximately 20%, closing at $45.60 on September 26, 2025 [4][6] - As of the latest data, CarMax's stock is trading at $34.20, with a market capitalization of $5.21 billion and a trading volume of 2,735,900 shares [5]

Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of CarMax, Inc. investors for securities purchased between June 20, 2025, and November 5, 2025, due to alleged misleading statements regarding the company's growth prospects [2][6] Group 1: Lawsuit Details - The class action 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 [6] - Investors are encouraged to join the class action without incurring out-of-pocket fees through a contingency fee arrangement [3] 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 [4][7] - A lead plaintiff must file a motion with the court by January 2, 2026, to represent other class members [4] Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [5] - The firm has consistently ranked highly in securities class action settlements and has recovered hundreds of millions of dollars for investors [5]

NEW YORK, Nov. 11, 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 September 24, 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-subm ...

Accessibility StatementSkip Navigation SAN DIEGO, Nov. 11, 2025 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of CarMax, Inc. (NYSE: KMX) publicly traded securities between June 20, 2025 and November 5, 2025, inclusive (the "Class Period"), have until January 2, 2026 to seek appointment as lead plaintiff of the CarMax class action lawsuit. Captioned Cap v. CarMax, Inc., No. 25-cv-03602 (D. Md.), the CarMax class action lawsuit charges CarMax as well ...

Core Viewpoint - Analysts at Morgan Stanley have downgraded their rating on CarMax's stock, indicating a shift in sentiment just a month after expressing optimism for the used-car retailer [1] Company Summary - The downgrade comes after a brief period of positive outlook for CarMax, suggesting potential volatility in the stock's performance [1]

Core Viewpoint - An amended securities class action lawsuit has been filed against CarMax, Inc., expanding the class period to include those who purchased CarMax securities between June 20, 2025, and November 5, 2025 [1] Allegations of Misconduct - The complaint alleges that Defendants made false and/or misleading statements regarding CarMax's growth prospects, claiming that earlier growth was a temporary benefit due to customer speculation about tariffs [3] - 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 [3] Lead Plaintiff Process - CarMax investors can 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 is typically the investor or small group of investors with the largest financial interest and who are representative of the proposed class [4] Firm Background - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [5]

Core Insights - Zacks Premium offers tools for investors to enhance their stock market strategies, including daily updates, research reports, and stock screens [1][9] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market in the short term [2] Zacks Style Scores Overview - The Style Scores consist of four categories: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4][5][6] - Value Score identifies undervalued stocks using financial ratios [3] - Growth Score assesses a company's future earnings and financial health [4] - Momentum Score capitalizes on price trends and earnings outlook changes [5] - VGM Score combines all three styles for a comprehensive evaluation [6] Zacks Rank and Performance - The Zacks Rank is a proprietary model that uses earnings estimate revisions to aid in stock selection [7] - Stocks rated 1 (Strong Buy) have historically outperformed the S&P 500, with an average annual return of +23.93% since 1988 [8] - There are over 800 top-rated stocks available, making the selection process potentially overwhelming [9] Stock Analysis: Asbury Automotive Group (ABG) - Asbury Automotive Group is a major automotive retailer in the U.S., operating 152 new vehicle dealerships and 37 collision repair centers [12] - ABG holds a 3 (Hold) rating on the Zacks Rank, with a VGM Score of A and a Value Style Score of A, indicating strong valuation metrics [13] - The forward P/E ratio for ABG is 8.08, making it attractive for value investors [13] - Recent upward revisions in earnings estimates suggest positive momentum, with the Zacks Consensus Estimate increasing by $0.37 to $27.57 per share [13] - ABG's average earnings surprise stands at +8.4%, reinforcing its potential as a solid investment choice [13][14]

New York, New York--(Newsfile Corp. - November 11, 2025) - If you suffered a loss on your CarMax, Inc. (NYSE: KMX) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information:https://zlk.com/pslra-1/carmax-inc-lawsuit-submission-form?prid=176750&wire=5&utm_campaign=21or contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or call (212) 363-7500 to speak to our team of experienced shareholder advocates.THE LAWSUIT: A clas ...