Core Viewpoint - Grabar Law Office is investigating claims on behalf of shareholders of CarMax, Inc. regarding potential breaches of fiduciary duties by certain officers and directors [1] Group 1: Investigation Details - The investigation focuses on whether CarMax's officers and directors made false or misleading statements about the company's growth prospects [3] - Allegations include that CarMax overstated its growth due to temporary benefits from customer behavior influenced by speculation regarding tariffs [3] Group 2: Shareholder Actions - Shareholders who purchased CarMax shares prior to June 20, 2025, and still hold them can seek corporate reforms and the return of funds at no cost [2][4] - Interested shareholders are encouraged to contact Grabar Law Office for more information on the investigation and potential actions [2][4]

Core Insights - Advance Auto Parts has launched a new oil and fluids brand named 'ARGOS' aimed at addressing customer demand for quality and affordability [1] Company Overview - The introduction of the ARGOS brand reflects Advance Auto Parts' commitment to enhancing its product offerings in the automotive aftermarket [1] - The new brand is designed to provide customers with high-quality oil and fluid products at competitive prices, catering to a growing market segment [1] Market Demand - The launch of ARGOS is a strategic response to increasing consumer demand for reliable and cost-effective automotive maintenance products [1] - The initiative is expected to strengthen Advance Auto Parts' position in the automotive parts and accessories market [1]

Upgrades - Wells Fargo upgraded Hershey (HSY) to Equal Weight from Underweight with a price target of $182, up from $157, citing a more than 50% decline in cocoa prices from last year's peak as a positive development for the company [2] - Goldman Sachs upgraded Coinbase (COIN) to Buy from Neutral with a price target of $303, up from $294, highlighting recent product launches that enhance the competitiveness of its core business [2] - Raymond James double upgraded Estee Lauder (EL) to Strong Buy from Market Perform with a price target of $130, noting that the company's turnaround is shifting from story to execution [3] - Melius Research upgraded Intel (INTC) to Buy from Hold with a price target of $50, suggesting that Nvidia's recent testing of the 18A process node was outdated and indicating potential for chip production on the 14A node by 2028/2029 [4] - Mizuho upgraded Costco (COST) to Outperform from Neutral with a price target of $1,000, up from $950, believing that Costco's trade-up activity is accelerating despite a 20% correction in shares due to concerns over membership and comp sales growth [5] Downgrades - BofA downgraded Omnicom (OMC) to Underperform from Neutral with a price target of $77, down from $87, citing underestimated downside risks on organic growth and EPS dilution from disposals [6] - Monness Crespi downgraded PayPal (PYPL) to Neutral from Buy, indicating that while the long-term bull case remains, current estimates for 2026 are not sufficiently lowered and expecting more compelling entry points in the future [6] - Piper Sandler downgraded Twilio (TWLO) to Neutral from Overweight with a price target of $148, stating that the re-acceleration narrative is expected to fade later in 2026 and that free cash flow estimate upside revisions are limited [6] - Mizuho downgraded AutoZone (AZO) to Neutral from Outperform with a price target of $3,550, down from $3,850, viewing consensus estimates as misaligned and overly optimistic following a fiscal Q1 miss [6] - TD Cowen downgraded Domino's Pizza (DPZ) to Hold from Buy with a price target of $460, down from $500, acknowledging robust same-store sales growth but noting a shift in strategy that was more pronounced than expected [6]

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against CarMax, Inc. and has reminded investors of the January 2, 2026 deadline to seek the role of lead plaintiff in a federal securities class action filed against the company [1] Group 1 - The investigation is being conducted by a leading national securities law firm with offices in New York, Pennsylvania, California, and Georgia [1] - The federal securities class action has been filed against CarMax, Inc. [1]

Core Viewpoint - A class action securities lawsuit has been filed against CarMax, Inc. alleging securities fraud that affected investors between June 20, 2025, and November 5, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that defendants made false statements and concealed information regarding CarMax's growth prospects, which were overstated due to temporary benefits from customer purchases driven by speculation about tariffs [2]. - It is alleged that the statements made about CarMax's business operations and prospects were materially false and misleading, lacking a reasonable basis during the relevant time [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until January 2, 2026, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

Market Performance - The U.K. stock market's benchmark FTSE 100 surpassed the 10,000 mark for the first time in history, driven by strong buying in defense, mining, and energy sectors [1] - The FTSE 100 index gained nearly 22% in 2025 and started the new year positively, reaching a record high of 10,051.90 [1] Company Gains - Fresnillo increased by 2.7%, Glencore by 1.6%, and Anglo American Plc by 1% [2] - Rolls-Royce Holdings rose over 2.5%, Babcock International by 1.8%, and BP by approximately 1.7% [2] - Other companies such as IAG, Entain, SSE, HSBC Holdings, BAE Systems, Burberry Group, and JD Sports Fashion saw gains between 1.3% and 1.6% [2][3] Company Losses - Companies like Auto Trader Group, British Land, DCC, Coca-Cola Europacific Partners, and others experienced losses ranging from 1% to 1.7% [4] Housing Market Data - UK house prices grew at the slowest pace since April 2024, with an annual growth of 0.6% in December, down from 1.8% in November [4] - On a monthly basis, house prices dropped by 0.4%, contrasting with a 0.3% increase in November [5] - The S&P Global UK Manufacturing PMI rose to 50.6 in November, revised down from a preliminary estimate of 51.2, but above market expectations of 50.4 [5]

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][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Maryland, titled Jason Cap v. CarMax, Inc., et al., No. 1:25-cv-03602, and claims are made under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3]. - Investors have until January 2, 2026, to request to be appointed to lead the case [3]. Group 2: Reasons for the Lawsuit - CarMax is accused of misleading investors by promoting strong demand for its used cars, which was allegedly inflated by a temporary boost in sales due to U.S. tariffs on cars [4]. - The unexpected departure of CEO Bill Nash on November 6, 2025, is also under investigation to determine if CarMax properly assessed its portfolio of car loans [5]. Group 3: Stock Performance - On September 25, 2025, CarMax reported disappointing financial results, including a 5.4% decline in retail used unit sales and a net income drop from $132.8 million to approximately $95.4 million year-over-year [6]. - Following the financial report, CarMax's stock price fell by $11.45 per share, or about 20%, from $57.05 to $45.60 [7]. - The announcement of CEO Bill Nash's departure and a weak preliminary Q3 2025 outlook led to an additional stock drop of over 24% [7].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased CarMax, Inc. securities between June 20, 2025, and November 5, 2025, of the January 2, 2026, deadline to become lead plaintiffs in a securities class action lawsuit [1]. Group 1: Class Action Details - Investors who bought CarMax securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - The lawsuit alleges that CarMax's defendants made materially false and misleading statements regarding the company's growth prospects, which were overstated due to temporary market conditions [5]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company [4]. - The firm has consistently ranked among the top firms for securities class action settlements, recovering hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4].

Core Viewpoint - CarMax, Inc. is facing a securities fraud class action lawsuit due to significant revenue and profit declines reported in its second quarter 2026 financial results, which led to a substantial drop in its share price [2][3][4]. Financial Performance - For the second quarter of 2026, CarMax reported a revenue decline of 6.0% year over year, with total retail used vehicle revenues decreasing by 7.2% and total gross profit declining by 5.6% [2]. - The company attributed these declines to inventory adjustments and a $71.3 million increase in loan loss provisions [2]. Share Price Impact - Following the financial results announcement on September 25, 2025, CarMax's share price fell by $11.45, or 20.1%, closing at $45.60 per share [3]. Lawsuit Details - The class action lawsuit alleges that CarMax's management made materially false and misleading statements regarding the company's growth prospects, which were overstated and not reflective of the actual business conditions [4]. - Specifically, it is claimed that the earlier growth in the 2026 fiscal year was a temporary effect driven by customer speculation regarding tariffs, which was not disclosed to investors [4]. Participation Information - Investors who acquired CarMax securities between June 20, 2025, and November 5, 2025, have until January 2, 2026, to seek appointment as lead plaintiff in the class action lawsuit [5].

Core Insights - CarMax, Inc. is facing challenges with declining sales volume, increased marketing expenses, and heightened competition in the used vehicle retail market [1][8] Sales Performance - The company anticipates a decline in sales performance for the fiscal fourth quarter, which is expected to negatively impact service margins due to lower sales volumes [2][8] - CarMax's average selling prices have increased, making them less attractive to customers, prompting the company to reduce margins and increase marketing spending to remain competitive [3][8] Financial Health - As of November 30, 2025, CarMax reported cash and cash equivalents of $204.9 million and long-term debt of $1.17 billion, resulting in a long-term debt-to-capital ratio of 0.73, significantly higher than the auto sector average of 0.18 [4] - The company's times interest earned ratio stands at 6.8, which is lower than the auto sector's average of 25.24, indicating financial strain [4] Competitive Landscape - The automotive retail market is highly competitive, with CarMax facing pressure from traditional dealers, online platforms, and private sellers, all offering similar vehicles at comparable prices [5] - The rise of online car buying and well-funded e-commerce entrants poses a threat to CarMax's margins and overall business model, necessitating effective responses to maintain sales and operations [5]