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KMX INVESTOR ALERT: CarMax, Inc. (KMX) Class Period in Securities Class Action Expanded Amid CEO Termination-- Hagens Berman
Prnewswire· 2025-11-18 16:06
Core Viewpoint - A new securities class action lawsuit has been filed against CarMax, Inc., expanding the class period to include investors who acquired CarMax securities between June 20, 2025, and November 5, 2025, following significant market reactions to the company's leadership changes and financial disclosures [1][2][3]. Group 1: Class Action Details - The expanded class period now includes investors affected by the announcement of CEO Bill Nash's termination, which led to a share price drop of $9.48, or 23%, on November 6, 2025 [2]. - The lawsuit focuses on allegations that CarMax misled investors regarding its business model and growth prospects, particularly in light of its Q1 2026 earnings claims [3][4]. Group 2: Financial Performance - On June 20, 2025, CarMax reported a double-digit EPS growth for Q1 2026, claiming a strong market position, but the lawsuit alleges this was misleading as it did not account for consumers pulling forward purchases to avoid tariffs [4]. - CarMax's Q2 2026 results revealed a 24% year-over-year decline in net EPS, a 5.4% drop in retail used unit sales, and a 6.3% decrease in comparable store used unit sales [5]. - Concerns were raised about the quality of CarMax's Auto Finance loan portfolio, with an 11.02% revenue decline attributed to a $142 million loan loss provision, marking a nearly 40% sequential increase and a 24% year-over-year rise [6]. Group 3: Market Reaction and Analyst Commentary - Following the CEO's termination, analysts expressed concerns that the situation indicated deeper issues within CarMax, shifting perceptions from a value play to a potential "falling knife" scenario [7].
CarMax Rolls Out Nationwide At-Home Pickup— Sell Your Car Without Leaving Your Driveway
Globenewswire· 2025-11-18 14:00
New Offer Watch tool lets customers track their vehicle’s value over time and choose when to sell CarMax Rolls Out Nationwide At-Home Pickup— Sell Your Car Without Leaving Your Driveway New Offer Watch tool lets customers track their vehicle’s value over time and choose when to sell CarMax Rolls Out Nationwide At-Home Pickup— Sell Your Car Without Leaving Your Driveway New Offer Watch tool lets customers track their vehicle’s value over time and choose when to sell RICHMOND, VA, Nov. 18, 2025 (GLOBE ...
Investors in CarMax, Inc. Should Contact Levi & Korsinsky Before January 2, 2026 to Discuss Your Rights – KMX
Globenewswire· 2025-11-17 20:47
NEW YORK, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in CarMax, Inc. ("CarMax, Inc." or the "Company") (NYSE: KMX) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of CarMax, Inc. investors who were adversely affected by alleged securities fraud between June 20, 2025 and September 24, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/carmax-inc-lawsuit-subm ...
KMX SECURITIES ALERT: BFA Law Notifies CarMax, Inc. Investors of Important January 2 Securities Class Action Deadline
Newsfile· 2025-11-17 20:18
KMX SECURITIES ALERT: BFA Law Notifies CarMax, Inc. Investors of Important January 2 Securities Class Action DeadlineNovember 17, 2025 3:18 PM EST | Source: Bleichmar Fonti & AuldNew York, New York--(Newsfile Corp. - November 17, 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 stock drop resulting from the p ...
Class Action Lawsuit Filed: CarMax, Inc. (KMX) - Join by January 2, 2026 - Contact Levi & Korsinsky
Newsfile· 2025-11-17 14:17
New York, New York--(Newsfile Corp. - November 17, 2025) - If you suffered a loss on your CarMax, Inc. (NYSE: KMX) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information:https://zlk.com/pslra-1/carmax-inc-lawsuit-submission-form?prid=177691&wire=5&utm_campaign=8or contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or call (212) 363-7500 to speak to our team of experienced shareholder advocates.THE LAWSUIT: A class ...
Paige Bueckers and Donovan Mitchell Take the Wheel in CarMax’s “Wanna Drive?” Campaign
Globenewswire· 2025-11-17 14:00
The new faces of CarMax prove that confidence isn’t just for game day Paige Bueckers and Donovan Mitchell Take the Wheel in CarMax’s “Wanna Drive?” Campaign The new faces of CarMax prove that confidence isn’t just for game day Paige Bueckers and Donovan Mitchell Take the Wheel in CarMax’s “Wanna Drive?” Campaign The new faces of CarMax prove that confidence isn’t just for game day RICHMOND, VA, Nov. 17, 2025 (GLOBE NEWSWIRE) -- CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars and ...
KMX STOCK LOSS: CarMax, Inc. Faces Securities Fraud Class Action due to Demand Issues and CEO Departure – Contact BFA Law if You Suffered Losses
Globenewswire· 2025-11-17 13:08
NEW YORK, Nov. 17, 2025 (GLOBE NEWSWIRE) -- 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 stock drop resulting from the potential violations of the federal securities laws. If you invested in CarMax, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/carmax-inc-class-action-lawsuit. In ...
ROSEN, A LEADING LAW FIRM, Encourages America's Car-Mart, Inc. Investors to Inquire About Securities Class Action Investigation - CRMT
Newsfile· 2025-11-17 02:56
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of America's Car-Mart, Inc. due to allegations of materially misleading business information issued by the company [1]. Group 1: Investigation and Legal Action - Shareholders who purchased America's Car-Mart, Inc. securities may be entitled to compensation through a class action lawsuit without any out-of-pocket fees [2]. - The Rosen Law Firm is preparing a class action to seek recovery of investor losses [2]. Group 2: Company Performance and Market Reaction - On September 4, 2025, America's Car-Mart, Inc. reported a first-quarter loss of 69 cents per share, compared to a net loss of 15 cents per share in the same period the previous year [3]. - Following the release of these results, America's Car-Mart, Inc. stock experienced a significant decline of 18.2% on the same day [3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4].
ROSEN, A LEADING GLOBAL INVESTOR RIGHTS LAW FIRM, Encourages CarMax, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - KMX
Newsfile· 2025-11-16 22:18
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 the company's misleading statements 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][6]. - The lawsuit alleges that CarMax's defendants made materially false statements regarding the company's 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 the largest settlement against a Chinese company and being ranked No. 1 for securities class action settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]. - Many attorneys at Rosen Law Firm have received recognition from Lawdragon and Super Lawyers, highlighting the firm's expertise in this area [4].
KMX INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that CarMax, Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
Prnewswire· 2025-11-16 20:40
Core Viewpoint - The CarMax class action lawsuit alleges that the company and its executives misrepresented growth prospects, leading to significant stock price declines following disappointing financial results and executive termination announcements [3][4][5]. Group 1: Class Action Details - The class action lawsuit is titled Cap v. CarMax, Inc., and it involves purchasers of CarMax securities from June 20, 2025, to November 5, 2025 [1]. - Investors have until January 2, 2026, to seek appointment as lead plaintiff in the lawsuit [1][6]. - The lawsuit claims that CarMax overstated its growth prospects, attributing earlier growth to temporary factors related to customer behavior influenced by tariff speculation [3]. Group 2: Financial Performance - On September 25, 2025, 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, with net earnings per diluted share dropping from $0.85 to $0.64 year-over-year [4]. - Following this report, CarMax's stock price fell approximately 20% [4]. - On November 6, 2025, CarMax announced the termination of CEO William D. Nash and projected a significant decline in used car sales for the third quarter, resulting in a further stock price drop of over 24% [5].