Core Viewpoint - A class action lawsuit has been filed against CarMax, Inc. for securities fraud following a significant drop in stock price due to alleged violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is based on claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, representing investors in CarMax securities [3]. - Investors have until January 2, 2026, to request to lead the case, which is currently pending in the U.S. District Court for the District of Maryland [3]. Group 2: 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]. Group 3: Stock Price Impact - Following the announcement of poor financial results on September 25, 2025, CarMax's stock price fell by $11.45 per share, or about 20%, from $57.05 to $45.60 [7]. - The unexpected departure of CEO Bill Nash on November 6, 2025, along with a weak preliminary Q3 2025 outlook, led to an additional drop of over 24% in the stock price [7]. Group 4: Company Operations - CarMax's management had previously emphasized strong demand for its vehicles, which was allegedly inflated by a temporary surge in purchases before U.S. tariffs were imposed [4]. - The law firm BFA is also investigating whether CarMax adequately assessed or reserved for its portfolio of car loans following the CEO's departure [5].

BOSTON, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Block & Leviton reminds investors 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 ...

RADNOR, Pa., Nov. 20, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that an amended securities class action lawsuit has been filed against CarMax, Inc. (“CarMax”) (NYSE: KMX) which expands the class period to include those who purchased or otherwise acquired CarMax securities between June 20, 2025, and November 5, 2025, inclusive (the “Class Period”). The lead plaintiff deadline is January 2, 2026. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If ...

San Francisco, California--(Newsfile Corp. - November 20, 2025) - A new securities class action lawsuit against CarMax, Inc. (NYSE: KMX) has expanded the alleged class period to now include investors who purchased or otherwise acquired CarMax securities between June 20, 2025 and November 5, 2025.The period has been lengthened to include the severe market reaction to CarMax's announcement that it fired CEO Bill Nash, news which drove the price of CarMax shares down as much as $9.48 (-23%) on November 6, 202 ...

Company bringing nearly 30 jobs to RogersRICHMOND, VA, Nov. 20, 2025 (GLOBE NEWSWIRE) -- CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, announced the grand opening of its very first store in Arkansas, located at 6360 South Dixieland Road in Rogers. With the opening, CarMax now has 255 stores across 42 states nationwide. The new Rogers location is 11,500 square feet and has the capacity to stock approximately 500 used vehicles of nearly every make and model. CarMax offers customers the ...

Core Points - The Gross Law Firm has issued a notice to shareholders of CarMax, Inc. regarding a class action lawsuit for alleged misleading statements made by the company during the class period from June 20, 2025, to September 24, 2025 [1] - The allegations include that CarMax's growth prospects were overstated and that earlier growth was a temporary effect due to customer speculation about tariffs, leading to materially false and misleading statements about the company's business and operations [1] Summary by Sections Class Action Details - Shareholders who purchased shares of CarMax during the specified class period are encouraged to contact the Gross Law Firm for potential lead plaintiff appointment [1] - The deadline for shareholders to register for the class action is January 2, 2026, and there is no cost or obligation to participate [2] Law Firm's Mission - The Gross Law Firm aims to protect the rights of investors who have suffered due to deceit, fraud, and illegal business practices, ensuring companies adhere to responsible business practices [3]

Company Announcement - America's Car-Mart, Inc. will release its fiscal 2026 second quarter financial results on December 4, 2025, before the market opens [1] - A webcast and conference call to review the results will take place on the same day at 9:00 a.m. ET [1] Conference Call Details - Participants can access the conference call via a provided webcast link or by registering in advance for telephone participation [2] - Telephone participants will receive a confirmation email with dial-in details and a unique PIN [2] - It is recommended that participants dial in 10 minutes prior to the start time [2] Replay Information - A replay of the conference call and webcast will be available on-demand for 12 months from December 4, 2025, on the Car-Mart Investor Relations website [3] Company Overview - America's Car-Mart operates automotive dealerships in 12 states and is one of the largest publicly held automotive retailers in the U.S. focused on the "Integrated Auto Sales and Finance" segment of the used car market [4] - The company emphasizes superior customer service and building strong personal relationships with customers [4] - Dealerships are primarily located in smaller cities throughout the South-Central United States, selling quality used vehicles and providing financing for nearly all customers [4]

This story was originally published on WardsAuto. To receive daily news and insights, subscribe to our free daily WardsAuto newsletter. Used-car chain Carvana expects to retail more than 500,000 used cars and trucks in 2025, following record unit sales and revenues in the third quarter, according to Phoenix-based Carvana’s quarterly report. “Q3 was another large step on the path to achieving our current goal of selling 3 million cars, at a 13.5% adjusted EBITDA margin, in the next five to ten years. We’r ...

Core Insights - AutoZone, Inc. will release its first quarter results for the period ending November 22, 2025, on December 9, 2025, before market open [1] - A conference call to discuss the quarterly results will take place on December 9, 2025, at 10:00 a.m. (ET) [1] Company Overview - AutoZone is the leading retailer and distributor of automotive replacement parts and accessories in the Americas, with a total of 7,657 stores as of August 30, 2025, including 6,627 in the U.S., 883 in Mexico, and 147 in Brazil [2][3] - The company offers a wide range of products for various vehicle types, including new and remanufactured automotive hard parts, maintenance items, and accessories [3] - AutoZone has a commercial sales program that provides prompt delivery and credit to repair garages, dealers, and service stations [3] - The company also sells products through its websites, including www.autozone.com and www.autozonepro.com, and offers automotive diagnostic software through www.alldata.com [3]

NEW YORK, Nov. 19, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of CarMax, Inc. (NYSE: KMX). Shareholders who purchased shares of KMX during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/carmax-inc-loss-submission-form/?id=177905&from=3 CLASS PERIOD: June 20, 2025 to Septembe ...