Core Points - The CarMax class action lawsuit has been initiated against CarMax, Inc. and certain executives for alleged violations of the Securities Exchange Act of 1934 during the Class Period from June 20, 2025, to September 24, 2025 [1][3] - Investors who suffered losses during the Class Period have until January 2, 2026, to seek appointment as lead plaintiff in the lawsuit [1][5] - The lawsuit claims that CarMax overstated its growth prospects, attributing earlier growth to temporary factors related to customer behavior influenced by tariff speculation [3][4] 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, leading to a significant drop of approximately 20% in CarMax's share price following the announcement [4] 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, representing the interests of the class [5] - The lead plaintiff can choose a law firm to litigate the case, and participation as lead plaintiff does not affect the ability to share in any potential recovery [5] About the Law Firm - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [6] - The firm has a strong track record, being ranked 1 in monetary relief for investors in securities class action cases for four out of the last five years [6]

Core Insights - CarMax, Inc. has experienced significant stock depreciation in 2025, with shares losing approximately 50% of their value [1] - On a recent Thursday, CarMax's stock fell over 10% in early trading, indicating ongoing investor concerns [1] Company Performance - The stock's decline reflects broader challenges faced by CarMax in the current market environment [1] - The company has been under pressure, leading to a substantial drop in investor confidence [1]

Core Viewpoint - Wall Street shows strong bullish sentiment towards the stocks discussed, with price targets indicating significant upside potential, although analysts tend to avoid sell ratings due to potential conflicts of interest [1]. Group 1: Stocks to Sell - **Shoe Carnival (SCVL)**: - Current trading price is $16.84 per share, with a consensus price target of $22, suggesting a 30.6% implied return [3][5]. - The stock is valued at 11.3x forward EV-to-EBITDA, indicating potential overvaluation [5]. - **CarMax (KMX)**: - Current stock price is $31.45, with a consensus price target of $55.50, implying a 76.5% upside [6][8]. - Valuation ratio stands at 11.7x forward P/E, suggesting that there may be better investment opportunities available [8]. Group 2: Stock to Buy - **Zeta Global (ZETA)**: - Consensus price target is $29.36, indicating a 50.2% implied return [9]. - The company has faced weak same-store sales trends over the past two years, indicating a need for changes in pricing and marketing strategies [9][10]. - Zeta Global operates a data-driven cloud platform powered by AI, processing over one trillion consumer signals monthly to enhance personalized marketing [11].

Core Viewpoint - CarMax, Inc. has faced a significant stock drop of over 15% following the unexpected departure of CEO Bill Nash and disappointing financial results, leading to a class action lawsuit for securities fraud against the company and its senior executives [1][7]. Financial Performance - CarMax reported disappointing financial results for Q2 of fiscal year 2026, with 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 [6]. - The net income for the second quarter was approximately $95.4 million, down from $132.8 million in the previous year [6]. - The decline in sales was attributed to a "pull forward" in demand due to the announcement of U.S. tariffs on cars [6]. Stock Movement - Following the financial results announcement on September 25, 2025, CarMax's stock price dropped by $11.45 per share, or roughly 20%, from $57.05 to $45.60 [7]. - The stock experienced an additional drop of over 15% after the announcement of CEO Bill Nash's departure on November 6, 2025, along with a weak preliminary Q3 2025 outlook [7]. Legal Actions - A class action lawsuit has been filed against CarMax and certain senior executives for securities fraud, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3][4]. - Investors have until January 2, 2025, to request to lead the case, which is pending in the U.S. District Court for the District of Maryland [3].

Core Viewpoint - CarMax, Inc. is facing a 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 share price [3][4][5]. Financial Performance - 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% [3]. - The company attributed these declines to inventory adjustments and a $71.3 million increase in loan loss provisions [3]. Shareholder Impact - Following the financial results announcement, CarMax's share price fell by $11.45, or 20.1%, closing at $45.60 per share [4]. - Investors who purchased CarMax securities between June 20, 2025, and September 24, 2025, are encouraged to participate in the class action lawsuit [6]. Lawsuit Details - The lawsuit alleges that CarMax's management made materially false and misleading statements regarding the company's growth prospects, which were overstated and lacked a reasonable basis [5]. - The complaint highlights that the earlier growth in the 2026 fiscal year was primarily driven by temporary factors related to customer behavior influenced by tariff speculation [5].

Core Viewpoint - CarMax, Inc. is facing a class action lawsuit from investors who purchased securities during the specified class period, with allegations of misleading information regarding demand and financial performance [1][3]. Group 1: Legal Action - The Portnoy Law Firm is advising CarMax investors to join a class action lawsuit for those who bought securities between March 5, 2024, and October 8, 2025, with a deadline for filing a lead plaintiff motion set for January 2, 2025 [1]. - Investors can contact attorney Lesley F. Portnoy for a complimentary case evaluation and to discuss options for recovering losses [2]. Group 2: Company Performance - CarMax reported disappointing financial results for Q2 of fiscal year 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 [3]. - The company's net income for the second quarter was approximately $95.4 million, down from $132.8 million in the previous year, attributed to a "pull forward" in demand due to U.S. tariffs on cars [3]. - Following the announcement of these results, CarMax's stock price fell by $11.45 per share, or roughly 20%, from $57.05 on September 24, 2025, to $45.60 on September 25, 2025 [3]. Group 3: Market Context - CarMax had previously promoted strong and sustainable demand for its vehicles, which was allegedly inflated by short-term demand spikes due to tariff announcements [3]. - BFA Law is investigating whether CarMax adequately assessed or reserved for its portfolio of car loans, indicating potential issues in financial management [3].

BOSTON, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Block & Leviton announces that a securities fraud lawsuit has been filed against CarMax, Inc. (NYSE: KMX) and certain of its executives. Investors who have lost money in their CarMax, Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/kmx.  What is this all about? Shares of CarMax fell more than 10% in pre-market trading on November 6, 2025, after the company announc ...

Qualcomm - Qualcomm reported an EPS of $3, exceeding the estimate of $2.87, representing a 14% increase year-over-year from $2.69 [2] - Revenue reached $11.27 billion, up 10% year-over-year, beating estimates by approximately $510 million [2][3] - Licensing revenue, primarily from Apple, declined by 7.4%, while QCT revenue increased by 18%, indicating ongoing diversification efforts [3] CarMax - CarMax's stock fell 13% following a lower EPS guidance, with the new adjusted range between 18 and 36 cents, down from 64 cents last quarter [5][6] - Comparable sales are expected to decline by 8 to 12%, alongside additional restructuring costs and layoffs [7] - The wholesale used vehicle market prices are decreasing, with total sales down 2% from August to September [9] Fortinet - Fortinet reported an EPS of 74 cents, surpassing the estimate of 63 cents, marking a 17% increase [10] - Topline sales reached $1.72 billion, a 14% increase, beating estimates by about $20 million [10] - The revenue guidance for the next quarter was widened to a range of $1.83 billion to $1.89 billion, which has put pressure on the shares [11]

Core Points - A shareholder has filed a securities class action lawsuit against CarMax, Inc. for misrepresentations regarding the company's growth prospects during the period from June 20, 2025, to September 24, 2025 [1][2] Group 1 - The lawsuit is on behalf of investors who purchased or acquired CarMax securities within the specified timeframe [1] - Investors interested in joining the class action or discussing their legal rights can contact the Investor Relations Manager [2] - The deadline to file papers to serve as lead plaintiff is January 2, 2026, and participation does not require serving as lead plaintiff [3] Group 2 - Bernstein Liebhard LLP has a history of recovering over $3.5 billion for clients and has represented large public and private pension funds [4]

Core Insights - CarMax has terminated its CEO Bill Nash, who held the position since 2016, indicating a significant leadership change within the company [1] - David McCreight, a board member, has been appointed as the interim president, suggesting a temporary leadership solution while the company seeks a permanent replacement [1] Company Summary - The leadership transition comes as CarMax navigates its operational strategies and market challenges, reflecting potential shifts in company direction [1] - The decision to replace the CEO may impact investor confidence and market perception of CarMax's future performance [1]