CarMax has seriously lagged the S&P 500 for quite some time, but that doesn't make it a hard pass.Forget about being stuck in neutral: With CarMax (KMX +1.20%), the key issue is that the stock continues to go in reverse. Over the past 12 months alone, shares in the used car retailer are down roughly 56%.Worse yet, the stock has performed just as poorly over a multiyear time frame. Various factors are to blame, both industry- and company-specific. The question now, however, is whether this long streak of lac ...

On Nov. 17, 2025, Makaira Partners LLC disclosed in an SEC filing that it sold out its entire position in CarMax (KMX +1.20%), an estimated $18.3 million change.What happenedAccording to a filing submitted to the U.S. Securities and Exchange Commission (SEC) on Nov. 17, 2025, Makaira Partners LLC reported selling its entire CarMax stake in the third quarter. The fund’s CarMax holding, which comprised 272,203 shares as of the prior quarter, no longer appears in its portfolio as of Sept. 30. The estimated val ...

Core Viewpoint - A class action lawsuit has been filed against CarMax, Inc. and its 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 dropped $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, along with 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 firm Bleichmar Fonti & Auld LLP, known for representing plaintiffs in securities class actions, is handling the lawsuit against CarMax [10].

Boston Partners cut its position in shares of Lithia Motors, Inc. (NYSE:LAD – Free Report) by 6.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 45,617 shares of the company’s stock after selling 3,099 shares during the quarter. Boston Partners owned approximately 0.18% of Lithia Motors worth $15,408,000 as of its most recent SEC filing. Get Lithia Motors alerts: Other large investors also recently added to or reduced their stakes in the co ...

Core Points - Rosen Law Firm is encouraging investors of CarMax, Inc. to secure counsel before the January 2, 2026 lead plaintiff deadline in a securities class action lawsuit [2][4] - Investors who purchased CarMax securities between June 20, 2025, and November 5, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [3] - 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 [6] Company Information - CarMax, Inc. is facing a securities class action lawsuit due to claims of misleading statements about its business operations and growth prospects during the specified class period [6] - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements and recognition in the field [5] Legal Process - To participate in the class action, investors can submit their information through the Rosen Law Firm's website or contact them directly [4][7] - A class has not yet been certified, meaning investors are not represented unless they retain counsel [8]

Core Viewpoint - CarMax, Inc. has faced significant challenges, including the termination of its CEO and a bleak outlook for Q3 2026, leading to a substantial drop in share price and investor losses [1][7]. Financial Performance - CarMax reported a 24% decline in net EPS year-over-year for Q2 2026, with retail used unit sales down 5.4% and comparable store used unit sales down 6.3% [5]. - The company's CarMax Auto Finance (CAF) revenue decreased by 11.02% year-over-year, attributed to a $142 million loan loss provision, marking a nearly 40% sequential increase and a 24% year-over-year rise [6]. Management Changes - The company announced the firing of CEO Bill Nash on November 6, 2025, which coincided with a forecasted decline in comparable store used unit sales of 8% to 12% for Q3 2026 [1][7]. Legal Issues - A securities class action lawsuit is underway, focusing on allegations that CarMax misled investors regarding its business model and growth prospects, particularly in light of its previous assurances of sustained earnings growth [3][4]. - The class period for the lawsuit spans from June 20, 2025, to November 5, 2025, with a lead plaintiff deadline set for January 2, 2026 [2][3].

New York, New York--(Newsfile Corp. - November 28, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of America's Car-Mart, Inc. (NASDAQ: CRMT) resulting from allegations that America's Car-Mart may have issued materially misleading business information to the investing public.SO WHAT: If you purchased America's Car-Mart securities you may be entitled to compensation without payment of any out of pocket fees or cos ...

NEW YORK, Nov. 28, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of CarMax, Inc. (NYSE: KMX) between June 20, 2025 and November 5, 2025, both dates inclusive (the “Class Period”) of the important January 2, 2026 lead plaintiff deadline in the securities class action first filed by the Firm. SO WHAT: If you purchased CarMax securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or co ...

KMX CLASS REMINDER: CarMax, Inc. Investors with Losses are Reminded to Contact BFA Law before the Imminent January 2 Securities Class Action DeadlineNovember 28, 2025 8:18 AM EST | Source: Bleichmar Fonti & AuldNew York, New York--(Newsfile Corp. - November 28, 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 ...

Core Insights - Ariel Investments' "Ariel Mid Cap Value Strategy" reported a strong performance in Q3 2025, with a return of +9.62% gross of fees, outperforming both the Russell Midcap Value Index (+6.18%) and the Russell Midcap Index (+5.33%) [1] - CarMax, Inc. (NYSE:KMX) was highlighted as a significant detractor in performance due to disappointing earnings, lower unit sales, and increased loan loss provisions [3] Company Performance - CarMax, Inc. experienced a one-month return of -8.77% and a 52-week decline of 54.84%, closing at $38.20 per share with a market capitalization of $5.733 billion as of November 27, 2025 [2] - The company reported total sales of $6.6 billion in the fiscal second quarter of 2026, reflecting a 6% decline from the previous year due to lower volume [4] Management Commentary - Management indicated that the decline in performance was due to normalized demand after customers previously bought in advance of potential tariffs, and the rise in loan loss provisions was primarily linked to pandemic-era loans [3] - The credit deterioration is viewed as largely contained, with newer loans performing in line with expectations, suggesting that the current weakness is cyclical rather than structural [3] Market Position - CarMax is recognized as the market share leader in used vehicles, with its scale and omnichannel capabilities positioning it well for long-term growth once market conditions stabilize [3]