Workflow
Automotive Retail
icon
Search documents
ROSEN, A LONGSTANDING LAW FIRM, Encourages CarMax, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - KMX
Newsfile· 2025-11-29 02:51
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]
CarMax, Inc. (KMX) Investor Lawsuit Filed, Shares Fall Again Amid Disclosure of Expected Comparable Store Unit Sales Decline -- Hagens Berman
Prnewswire· 2025-11-28 22:55
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].
ROSEN, GLOBAL INVESTOR COUNSEL, Encourages America's Car-Mart, Inc. Investors to Inquire About Securities Class Action Investigation - CRMT
Newsfile· 2025-11-28 17:40
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 to the investing public [1]. Group 1: Legal Action and Investor Rights - Shareholders who purchased America's Car-Mart 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 reported a first-quarter loss of $0.69 per share, compared to a net loss of $0.15 per share in the same period the previous year [3]. - Following the release of these results, America's Car-Mart's stock experienced a 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, RECOGNIZED INVESTOR COUNSEL, Encourages CarMax, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – KMX
Globenewswire· 2025-11-28 15:11
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 Deadline
Newsfile· 2025-11-28 13:18
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 ...
Is CarMax (KMX) Facing Cyclical Weakness?
Yahoo Finance· 2025-11-28 12:48
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]
Halfords H1 2025 profit edges up as cycling demand recovers
Yahoo Finance· 2025-11-28 10:12
Core Insights - UK-based Halfords reported a modest rise in first-half 2025 profit, driven by a recovery in cycling demand and improved margins, despite higher operating costs [1] - The company outlined a three-stage plan focused on efficiency gains, technology investment, and expansion of its digital and garage networks [5] Financial Performance - Underlying profit before tax increased by 1% to £21.2 million ($28 million) for the 26 weeks ending September 26, 2025, compared to £21 million the previous year [1] - Group revenue rose by 3.3% to £893.3 million, with like-for-like growth of 4.1% [1] - Reported profit before tax was £17.2 million [1] Segment Performance - Cycling sales were a standout performer, increasing by 8.8% to £208 million, or 9% on a like-for-like basis, aided by market recovery and favorable weather [2] - Retail revenue grew by 3.3% (4% LfL), while the Autocentres division also saw a 3.3% increase (4.3% LfL) [2] - Motoring revenue remained relatively stable at £324.3 million, with a 1.1% increase on a like-for-like basis [2] Operational Highlights - Group gross margin improved by 200 basis points to 51.4%, attributed to the Better Buying cost-efficiency program [2] - Free cash generation reached £27.6 million, with net cash at £18.6 million at the end of the period [3] - The Coventry distribution center returned to normal operations, although it incurred £3.1 million in additional non-underlying costs to ensure product availability [3] Strategic Developments - Halfords is expanding its Fusion garage concept, with 79 locations currently trading and a goal of reaching 150 sites by fiscal year 2027 [4] - Membership of the Halfords Motoring Club increased to around six million, including over 400,000 Premium subscribers, generating £20 million in annual subscription income [4] - The company appointed Sarah Haywood as CIO, effective November 2025, to strengthen its senior team [4] Leadership Changes - Chair Keith Williams will step down by the Annual General Meeting scheduled for September 2026 [5]
Australian Stock Market closes with decline: HMC Capital gains big, Eagers Automotive sees sharpest fall; check top gainers and losers on ASX
The Economic Times· 2025-11-28 06:50
Market Performance - The Australian stock market experienced a slight decline, closing down by 3.20 points on November 28, 2025 [5] - The S&P/ASX 200 index has gained 2.35% over the last five days and 5.58% year to date [5] Top Gainers - HMC Capital Limited led the gains with a share price increase to $3.870, up by $0.320 or 9.014% [1][5] - Temple & Webster Group Ltd saw its share price rise to $15.520, gaining $1.070 or 7.404% [1][5] - Flight Centre Travel Group Limited closed at $13.530, up $0.830 or 6.535% [5] - Digico Infrastructure REIT increased by $0.130 to reach $2.800, marking a 4.868% improvement [5] - Wisetech Global Limited advanced $3.300 to finish at $73.020, a gain of 4.733% [5] Top Losers - Eagers Automotive Limited recorded the largest decline, slipping to $28.480 after a decrease of $1.100 or -3.719% [2][5] - Suncorp Group Limited dropped $0.650 to end at $17.560, representing a -3.570% decline [2][5] - Centuria Capital Group eased to $2.220 following a fall of $0.080 or -3.479% [2][5] - Qube Holdings Limited declined by $0.110 to close at $4.860, a loss of -2.214% [5] - Premier Investments Limited edged down $0.340 to finish at $17.900, a decrease of -1.864% [5]
ROSEN, TRUSTED INVESTOR COUNSEL, Encourages CarMax, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - KMX
Newsfile· 2025-11-28 02:46
Core Points - Rosen Law Firm is reminding investors of CarMax, Inc. (NYSE: KMX) about the January 2, 2026 lead plaintiff deadline for a securities class action related to purchases made between June 20, 2025, and November 5, 2025 [2][4] 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 [3] - The lawsuit alleges that defendants made materially false and misleading statements regarding CarMax's growth prospects, which were overstated due to temporary benefits from customer behavior influenced by tariff speculation [6] Group 2: Legal Representation - Investors are encouraged to select qualified legal counsel with a proven track record in securities class actions, as many firms may not have the necessary experience or resources [5] - The Rosen Law Firm has a history of successful settlements, including the largest securities class action settlement against a Chinese company, and has recovered hundreds of millions for investors [5]
Why Is Group 1 Automotive (GPI) Down 0.3% Since Last Earnings Report?
ZACKS· 2025-11-27 17:31
Core Viewpoint - Group 1 Automotive's recent earnings report showed mixed results, with adjusted earnings per share missing estimates but revenues increasing year over year, raising questions about future performance [3][4][5]. Financial Performance - Q3 2025 adjusted EPS was $10.45, missing the Zacks Consensus Estimate of $10.64 but up 5.6% year over year [3]. - Net sales reached $5.8 billion, exceeding the Zacks Consensus Estimate of $5.63 billion and up from $5.2 billion in the previous year [3]. - New vehicle retail sales increased 9.3% to $2.81 billion, surpassing projections, while total retail new vehicles sold rose 6.5% year over year to 57,269 units [4]. - Used-vehicle retail sales rose 11.8% to $1.85 billion, exceeding forecasts, but total retail used vehicles sold increased only 6.6% to 59,574 units [5]. Segment Performance - U.S. business segment revenues rose 6.5% year over year to $4.28 billion, with gross profit increasing 5.4% to $715 million [7]. - U.K. business segment revenues jumped 20.4% to $1.50 billion, although it missed estimates, while gross profit surged 17.3% to $204.7 million [8]. Financial Position - Selling, general and administrative expenses increased 10.7% year over year to $654.9 million [9]. - Cash and cash equivalents decreased to $30.8 million from $34.4 million, while total debt rose to $3.47 billion from $2.91 billion [9]. Shareholder Actions - During the quarter, Group 1 repurchased 185,788 shares at an average price of $443.18, totaling $82.5 million, with $226.3 million remaining in the stock buyback program [10]. Market Sentiment - Since the earnings release, there has been a downward trend in estimates revision, with the consensus estimate shifting down by 7.8% [11][12]. - Group 1 Automotive holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [14].