Core Viewpoint - A class action securities lawsuit has been filed against CarMax, Inc. alleging securities fraud that affected shareholders between June 20, 2025, and September 24, 2025 [2]. Group 1: Lawsuit Details - The lawsuit claims that CarMax's management made false statements regarding the company's growth prospects, suggesting that the growth was a temporary benefit driven by customer speculation about tariffs [3]. - It is alleged that the statements made by the defendants about CarMax's business operations and future prospects were materially false and misleading, lacking a reasonable basis during the relevant time [3]. Group 2: Next Steps for Affected Shareholders - Shareholders who experienced losses in CarMax stock during the specified timeframe are encouraged to seek information about their rights to recovery, with no cost or obligation to participate [4]. Group 3: Legal Representation - Levi & Korsinsky LLP, a recognized securities litigation firm, has a strong track record in securing recoveries for shareholders and has been ranked among the top securities litigation firms in the United States for seven consecutive years [5].

ROSEN, SKILLED INVESTOR COUNSEL, Encourages CarMax, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - KMXNovember 12, 2025 4:42 PM EST | Source: The Rosen Law Firm PANew York, New York--(Newsfile Corp. - November 12, 2025) - 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 i ...

KMX SHAREHOLDER ALERT: BFA Law Notifies CarMax, Inc. Investors of Important January 2 Securities Class Action Deadline for Investors seeking RecoveryNovember 12, 2025 7:17 AM EST | Source: Bleichmar Fonti & AuldNew York, New York--(Newsfile Corp. - November 12, 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 Viewpoint - Chevalier International (00025) plans to sell its automotive agency business in Canada, along with related assets and properties, due to significant losses in recent fiscal years and challenges in the Canadian automotive market [1][2]. Group 1: Business Overview - The business involves the sale and leasing of new and used OEM vehicles, providing maintenance and repair services for OEM vehicles, selling OEM vehicle parts, and operating suitable automotive auxiliary equipment [1]. - The Canadian automotive industry has faced major challenges, including rising interest rates and increased costs of new vehicles, which have suppressed consumer purchasing intentions [1]. Group 2: Financial Performance - The business has incurred net losses before and after tax in the past two fiscal years, exacerbated by the global trade war [1]. - The board decided to exit the automotive agency market in Canada due to the increasing trend of market consolidation and the absence of any committed purchase offers [1]. Group 3: Sale Details - The buyer, a group already engaged in automotive agency business in Ontario, expressed interest in continuing operations at the relevant properties [2]. - The board views this sale as a strategic opportunity to bundle the business with its related assets and properties to reduce losses and realize the investment value of the properties [2]. - Upon completion of the sale, the company will cease operations of this business in Canada [3].

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 due to temporary factors related to customer behavior influenced by tariff speculation [3]. Group 2: 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, contributing to a 20% drop in share price following the announcement [4]. - On November 6, 2025, CarMax announced the termination of CEO William D. Nash and projected a significant decline in used car sales, resulting in a further 24% drop in share price [5]. Group 3: 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 [6]. - The lead plaintiff represents the interests of all class members and can choose a law firm for litigation [6]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [7]. - The firm has a strong track record, including the largest securities class action recovery in history at $7.2 billion [7].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against CarMax, Inc. related to a federal securities class action lawsuit, with a lead plaintiff deadline set for January 2, 2026 [2][5]. Group 1: Legal Proceedings - A federal securities class action has been filed against CarMax, alleging violations of federal securities laws due to false and misleading statements regarding the company's growth prospects [5]. - The lawsuit claims that CarMax's earlier growth was overstated and was primarily driven by temporary factors, such as customer speculation regarding tariffs [5]. - Investors are encouraged to contact Faruqi & Faruqi if they suffered losses in CarMax between June 20, 2025, and September 24, 2025, to discuss their legal rights [1][2]. Group 2: Financial Performance - CarMax reported a significant decrease in income from CarMax Auto Finance, with an 11.2% decline attributed to a $142.2 million provision for loan losses in the second quarter of fiscal 2026, compared to $112.6 million in the same period the previous year [6]. - The provision for loan losses included an increase of $71.3 million in estimated lifetime losses on existing loans, primarily due to worsening performance among the 2022 and 2023 vintages [7]. - Following the release of these financial results, CarMax's stock price fell by $11.45 per share, approximately 20%, closing at $45.60 per share on September 26, 2025 [7].

Core Insights - CarMax, Inc. is a leading retailer of used vehicles in the U.S., operating through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF) [1] - The company is currently under investigation for allegedly misleading investors regarding its growth prospects, particularly related to unsustainable growth in fiscal 2026 [2][6] Financial Performance - CarMax reported an 11.2% decrease in income from CAF in the second quarter of fiscal 2026, attributed to a provision for loan losses of $142.2 million, an increase from $112.6 million the previous year [3][6] - The provision included $71.3 million in estimated lifetime losses on existing loans and $70.9 million for current quarter originations [3] Stock Market Reaction - Following the financial disclosure, CarMax's stock price fell by approximately 20%, closing at $45.60 on September 26, 2025 [4][6] - As of the latest data, CarMax's stock is trading at $34.20, with a market capitalization of $5.21 billion and a trading volume of 2,735,900 shares [5]

Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of CarMax, Inc. investors for securities purchased between June 20, 2025, and November 5, 2025, due to alleged misleading statements regarding the company's growth prospects [2][6] Group 1: Lawsuit Details - The class action lawsuit claims that CarMax's defendants overstated the company's growth prospects, attributing earlier growth in the 2026 fiscal year to temporary factors related to customer behavior influenced by tariff speculation [6] - Investors are encouraged to join the class action without incurring out-of-pocket fees through a contingency fee arrangement [3] Group 2: Next Steps for Investors - Interested investors can join the CarMax class action by visiting the provided link or contacting the law firm directly [4][7] - A lead plaintiff must file a motion with the court by January 2, 2026, to represent other class members [4] Group 3: 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 at the time [5] - The firm has consistently ranked highly in securities class action settlements and has recovered hundreds of millions of dollars for investors [5]

NEW YORK, Nov. 11, 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 ...

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, with a deadline of January 2, 2026, for lead plaintiff applications [1]. - The lawsuit claims that CarMax overstated its growth prospects, attributing earlier fiscal year 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, with net earnings per diluted share dropping to $0.64 from $0.85 the previous year, resulting in a 20% drop in share price [4]. - Following the termination of CEO William D. Nash on November 4, 2025, and the expectation of weak third-quarter sales, CarMax shares fell more than 24% [5]. Group 3: 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 [6].