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Why Did Lazydays Holdings Stock Plunge 15% In After-Hours Trading? - Lazydays Holdings (NASDAQ:GORV)
Benzinga· 2025-11-27 08:07
Group 1 - Lazydays Holdings Inc. (NASDAQ:GORV) shares experienced a significant decline, falling 14.98% in after-hours trading, closing at $0.36, and down 45.31% during regular trading to close at $0.42 [1][4] - The company completed asset sales totaling approximately $143.5 million between November 19 and November 25, with the proceeds primarily used to repay senior secured indebtedness [2][3] - The total cost of the asset transaction was about $2.7 million, and no cash was retained by the company [3] Group 2 - The stock has fallen 98.52% year-to-date, with a 52-week trading range of $0.42 to $33, and a current market capitalization of $1.66 million [4] - The listing of the company's common stock on Nasdaq is expected to be terminated on Friday [3]
ROSEN, A LEADING NATIONAL FIRM, Encourages CarMax, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - KMX
Newsfile· 2025-11-27 02:41
Core Viewpoint - Rosen Law Firm is encouraging investors of CarMax, Inc. to secure legal counsel before the January 2, 2026 deadline for a securities class action lawsuit related to misleading statements made by the company during the class period from June 20, 2025, to November 5, 2025 [1][5]. Group 1: Class Action Details - Investors who purchased CarMax securities during the specified class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by January 2, 2026 [3]. - The lawsuit alleges that CarMax made materially false and misleading statements regarding its growth prospects, which were based on temporary benefits rather than sustainable growth [5]. Group 2: 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 [4]. - The firm has been consistently ranked among the top firms for securities class action settlements, recovering hundreds of millions of dollars for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in litigation [4].
Texas Dealership, Hiley Volkswagen of Arlington, Announces Arrival of 2026 New Models
Newsfile· 2025-11-26 22:43
Core Insights - Hiley Volkswagen of Arlington has announced the availability of the 2026 Volkswagen model lineup, enhancing inventory and reservation access for customers in the Dallas-Fort Worth area [1][2] Group 1: Customer Demand and Market Strategy - The addition of the 2026 models is a response to increased customer demand for updated inventory and flexible purchase options, aligning with shifting preferences in cities like McKinney, Denton, and Fort Worth [2] - This initiative supports Hiley Volkswagen's long-term strategy to grow its presence in North Texas, reflecting internal improvements in dealership operations [3] Group 2: Operational Enhancements - The dealership has implemented digital reservation capabilities and streamlined customer engagement tools, allowing customers to reserve upcoming models online [3] - Coordinated updates to sales processes, staff training, and customer service systems have been made to ensure a smooth customer experience as new models are introduced [4] Group 3: Customer Support Services - Hiley Volkswagen offers a range of support services, including maintenance, test-drive scheduling, service coupons, and personalized account features, emphasizing convenience-focused service delivery [5] - The dealership's commitment to long-term customer relationships is reflected in these enhanced support services [5] Group 4: Additional Information - Customers are encouraged to visit the dealership's website for more information on the availability and reservation process for the 2026 Volkswagen models, with further updates expected throughout the model year [6]
CarMax, Inc. (KMX) Securities Class Action Filed, Shares Fall Again Amid Disclosure of Expected Comparable Store Unit Sales Decline -- Hagens Berman
Prnewswire· 2025-11-26 13:50
Core Viewpoint - CarMax, Inc. experienced a significant decline in share price following the announcement of CEO Bill Nash's termination and a negative Q3 2026 sales outlook, indicating deeper issues within the company [1][7]. Financial Performance - CarMax reported a 24% year-over-year decline in net EPS for Q2 2026, with retail used unit sales down 5.4% and comparable store used unit sales down 6.3% [5]. - The CarMax Auto Finance (CAF) loan portfolio faced challenges, with revenue declining by 11.02% year-over-year due to a $142 million loan loss provision, marking a nearly 40% sequential increase and a 24% year-over-year jump [6]. Management and Corporate Governance - The termination of CEO Bill Nash on November 6, 2025, raised concerns about the company's leadership and strategic direction [1][7]. - Prior to the CEO's termination, CarMax had assured investors of strong growth prospects, claiming a fragmented market would support continued sales and earnings growth [4]. Legal and Regulatory Issues - Hagens Berman, a national shareholders rights firm, is investigating potential legal claims against CarMax related to misleading disclosures about its business model and growth prospects [2][3]. - The class action litigation focuses on whether CarMax intentionally misled investors regarding its financial health and the quality of its CAF portfolio [7].
KMX SECURITIES ALERT: BFA Law Notifies CarMax, Inc. Shareholders of Pending Securities Fraud Class Action and Upcoming January 2 Deadline
Newsfile· 2025-11-26 12:17
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 [2][4]. Company Overview - CarMax, Inc. is a retailer specializing in used cars, which has recently faced legal challenges due to allegations of misleading statements regarding demand for its vehicles [5]. 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 [7]. - The company's net income for Q2 was approximately $95.4 million, down from $132.8 million in the previous year [7]. Stock Performance - Following the announcement of poor financial results on September 25, 2025, CarMax's stock price fell by $11.45 per share, or roughly 20%, from $57.05 to $45.60 [8]. - The unexpected departure of CEO Bill Nash on November 6, 2025, along with a weak preliminary Q3 outlook, led to an additional stock price drop of over 24% [8]. Legal Proceedings - Investors have until January 2, 2026, to request to lead the class action case, which is currently pending in the U.S. District Court for the District of Maryland [4]. - The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of CarMax investors [4].
ROSEN, NATIONAL TRIAL COUNSEL, Encourages CarMax, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – KMX
Globenewswire· 2025-11-26 02:48
Core Viewpoint - Rosen Law Firm is reminding investors who purchased CarMax, Inc. securities between June 20, 2025, and November 5, 2025, about the January 2, 2026, deadline to become a lead plaintiff 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 must move the Court to serve as lead plaintiff by January 2, 2026 [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 [5]. Group 2: Rosen Law Firm's 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 in this area [4]. - The firm has secured significant settlements for investors, including over $438 million in 2019, and has been recognized as a leader in the field of securities class action litigation [4].
ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages CarMax, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - KMX
Newsfile· 2025-11-26 02:36
Core Viewpoint - Rosen Law Firm is urging investors of CarMax, Inc. to secure legal counsel before the January 2, 2026 deadline for a securities class action lawsuit related to misleading statements made by the company during the class period from June 20, 2025, to November 5, 2025 [1][5]. Group 1: Class Action Details - Investors who purchased 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 those wishing to serve as lead plaintiff must act by January 2, 2026 [3]. - The lawsuit alleges that CarMax's management made materially false statements regarding the company's growth prospects, which were based on temporary market conditions rather than sustainable business performance [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success in achieving significant settlements for investors [4]. - The firm has been recognized for its performance in securities class action settlements, including being ranked No. 1 by ISS Securities Class Action Services in 2017 and recovering over $438 million for investors in 2019 alone [4].
KMX DEADLINE ALERT: CarMax, Inc. Investors Urged to Contact Kirby McInerney LLP About Class Action Lawsuit
Globenewswire· 2025-11-25 23:00
Core Viewpoint - A federal securities class action has been filed against CarMax, Inc. for allegedly overstating its growth prospects during a specific period, leading to significant investor losses following disappointing financial results [3][4]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased CarMax securities from June 20, 2025, to September 24, 2025, claiming that the company misrepresented its growth potential [3]. - CarMax's financial results for the second quarter of fiscal year 2026 revealed a 5.4% decrease in retail unit sales and a 6.3% decrease in comparable store unit sales, alongside a decline in net earnings per diluted share from $0.85 to $0.64 year-over-year [4]. Group 2: Market Reaction - Following the release of the disappointing earnings report on September 25, 2025, CarMax's share price fell by $11.50, or approximately 20.07%, closing at $45.60 [4].
Carmax Announces Third Quarter Conference Call
Businesswire· 2025-11-25 22:00
Core Viewpoint - CarMax, Inc. will report its financial results for the third quarter ended November 30, 2025, on December 18, 2025, and will host a conference call to discuss these results [1][2]. Company Overview - CarMax is the largest retailer of used autos in the United States, known for its integrity, honesty, and transparency in automotive retail [4]. - In the fiscal year ending February 28, 2025, CarMax sold approximately 790,000 used vehicles and 540,000 wholesale vehicles at its auctions [4]. - CarMax Auto Finance originated over $8 billion in receivables during fiscal 2025, contributing to a nearly $18 billion portfolio [4]. - The company operates more than 250 store locations and employs over 28,000 associates [4]. - CarMax has been recognized for 21 consecutive years as one of the Fortune 100 Best Companies to Work For® [4]. Leadership Changes - David McCreight has been appointed as Interim President and Chief Executive Officer, while Tom Folliard serves as Interim Executive Chair of the Board [6].
Investors in CarMax, Inc. Should Contact Levi & Korsinsky Before January 2, 2026 to Discuss Your Rights - KMX
Prnewswire· 2025-11-25 13:45
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 complaint claims that defendants made false statements and concealed the fact that CarMax's growth was overstated, attributing earlier growth in the 2026 fiscal year to temporary benefits from customer speculation regarding 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: Next Steps for Investors - Investors who suffered losses in CarMax, Inc. during the specified timeframe have until January 2, 2026, to request to be appointed 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, with 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].