Workflow
Automotive Retail
icon
Search documents
Synopsys, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - SNPS
Prnewswire· 2025-11-11 09:18
Core Viewpoint - A class action lawsuit has been filed against Synopsys, Inc. for alleged violations of the Securities Exchange Act, focusing on misleading statements regarding the company's shift towards artificial intelligence at the expense of its Design IP Business [1][2]. Summary by Sections Class Action Details - The class period for the lawsuit is from December 4, 2024, to September 9, 2025, with a deadline for participation set for December 30, 2025 [2]. - The complaint alleges that Synopsys made false and misleading statements, indicating that their focus on AI would not yield the intended results, thus misleading investors [2]. Shareholder Participation - Shareholders who purchased shares during the specified class period are encouraged to contact the law firm for potential lead plaintiff appointments, although this is not required to participate in recovery [2][3]. Law Firm Background - DJS Law Group specializes in securities class actions and corporate governance litigation, aiming to enhance investor returns through advocacy [4].
KMX INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of CarMax
Newsfile· 2025-11-10 23:33
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against CarMax, Inc. due to allegations of misleading statements regarding the company's growth prospects and financial performance, particularly in light of recent financial disclosures that led to a significant drop in stock price [2][5][6]. Group 1: Legal Investigation and Claims - Faruqi & Faruqi, LLP is encouraging investors who suffered losses in CarMax between June 20, 2025, and September 24, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against CarMax, with a deadline of January 2, 2026, for investors to seek the role of lead plaintiff [2]. - The complaint alleges that CarMax and its executives violated federal securities laws by making false and misleading statements about the company's growth prospects [5]. Group 2: Financial Performance and Stock Impact - CarMax reported a decrease in CarMax Auto Finance income by 11.2%, 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 a $71.3 million increase in the estimate of lifetime losses on existing loans, primarily due to worsening performance among the 2022 and 2023 vintages [6]. - Following the financial results announcement, CarMax's stock price fell by $11.45 per share, approximately 20%, closing at $45.60 per share on September 26, 2025 [6].
Securities Investigation: Levi & Korsinsky Investigates Sonic Automotive, Inc. (SAH) on Behalf of Investors
Newsfile· 2025-11-10 21:42
Core Insights - Sonic Automotive, Inc. is under investigation for possible violations of federal securities laws, as announced by Levi & Korsinsky [1] - The company reported a 33% decline in net income for Q3 2025, attributed to increased medical expenses and a higher effective income tax rate [2] - Following the financial results announcement, Sonic Automotive's stock price dropped over 15% on the same day [2] Company Financial Performance - Sonic Automotive's net income decreased by 33% in Q3 2025 [2] - The decline in net income was primarily due to significant increases in medical expenses and a higher effective income tax rate [2] Stock Market Reaction - The stock price of Sonic Automotive fell by more than 15% on October 23, 2025, immediately after the financial results were released [2]
ROSEN, GLOBAL INVESTOR COUNSEL, Encourages CarMax, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - KMX
Newsfile· 2025-11-10 21:34
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 made materially false and misleading statements about the company's growth, overstating its prospects based on temporary benefits from customer behavior influenced by tariff speculation [6]. - 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]. Group 2: Next Steps for Investors - Investors wishing to join the CarMax class action can do so by visiting the provided link or contacting the law firm directly. The deadline to serve as lead plaintiff is January 2, 2026 [4][7]. - It is noted that no class has been certified yet, and investors are not represented by counsel unless they retain one [8]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including over $438 million for investors in 2019 alone [5]. - The firm has been recognized for its success in the field, being ranked No. 1 for securities class action settlements in 2017 and consistently in the top 4 since 2013 [5].
Lost Money on CarMax, Inc.(KMX)? Join Class Action Suit Seeking Recovery – Contact The Gross Law Firm
Globenewswire· 2025-11-10 20:27
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of CarMax, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements about its growth prospects during a specified period [1][3]. Summary by Sections Class Period and Allegations - The class period for the lawsuit is from June 20, 2025, to September 24, 2025 [3]. - The allegations state that CarMax's management 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 [3]. Next Steps for Shareholders - Shareholders who purchased shares of CarMax during the class period are encouraged to register for the class action by January 2, 2026, to potentially become lead plaintiffs [4]. - Once registered, shareholders will receive updates on the case through a portfolio monitoring software [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to misleading statements or omissions by companies [5].
Deadline Alert: CarMax, Inc. (KMX) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
Globenewswire· 2025-11-10 19:08
Core Viewpoint - CarMax, Inc. is facing a class action lawsuit due to significant declines in revenue and profit, which were attributed to inventory adjustments and increased loan loss provisions [2][4]. Financial Performance - For the second quarter of fiscal year 2026, CarMax reported a revenue decline of 6.0% year-over-year, with total retail used vehicle revenues down by 7.2% and total gross profit declining by 5.6% [2]. - The company experienced a $71.3 million increase in loan loss provisions, impacting its financial results [2]. Stock Market Reaction - Following the release of the disappointing financial results, CarMax's share price fell by $11.45, or 20.1%, closing at $45.60 per share on September 25, 2025 [3]. Lawsuit Details - The class action lawsuit alleges that CarMax's management made materially false and misleading statements regarding the company's growth prospects, which were overstated and not reflective of the actual business conditions [4]. - The lawsuit claims that the positive statements made by the defendants lacked a reasonable basis and failed to disclose adverse facts about the company's operations and future prospects [4]. Legal Action - Investors who purchased CarMax securities during the specified class period (June 20, 2025, to September 24, 2025) have until January 2, 2026, to file a lead plaintiff motion in the class action lawsuit [1][5].
Shareholders who lost money in shares of CarMax, Inc. (NASDAQ: KMX) Should Contact Wolf Haldenstein Immediately
Globenewswire· 2025-11-10 16:36
Core Viewpoint - A federal securities class action lawsuit has been filed against CarMax, Inc. and certain executives for alleged violations of federal securities laws, specifically for misleading investors regarding the company's growth prospects [1][7]. Summary by Relevant Sections Class Action Details - The class period for the lawsuit is from June 20, 2025, to September 24, 2025 [2]. - Investors who acquired CarMax securities during this period can move to be appointed lead plaintiff by January 2, 2026 [3]. Allegations Against CarMax - CarMax and its executives are accused of violating the Securities Exchange Act of 1934 by overstating growth prospects [7]. - The growth reported in early FY2026 was allegedly temporary, driven by short-term customer purchases related to tariff speculation [7]. Financial Performance - On September 25, 2025, CarMax disclosed disappointing Q2 FY2026 results: - Retail unit sales decreased by 5.4% [7]. - Comparable store unit sales fell by 6.3% [7]. - Net earnings per diluted share were $0.64, down from $0.85 a year earlier [7]. - Following the announcement of these results, CarMax's stock price dropped approximately 20% [7].
KMX INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that CarMax, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Businesswire· 2025-11-10 14:25
Core Viewpoint - The lawsuit claims that defendants made false statements regarding CarMax's business and future prospects, leading to inflated stock prices [1] Group 1 - The lawsuit alleges that the misleading statements affected the trading of CarMax's stock [1] - The claims suggest potential legal repercussions for the defendants involved in the issuance of false information [1]
January 2, 2026 Deadline Approaching: Join Class Action Against CarMax, Inc. (KMX) - Contact Levi & Korsinsky
Newsfile· 2025-11-10 13:52
Core Viewpoint - A class action securities lawsuit has been filed against CarMax, Inc. to recover losses for shareholders affected by alleged securities fraud between June 20, 2025, and September 24, 2025 [2][3]. Group 1: Lawsuit Details - The lawsuit alleges that CarMax's defendants made false statements and concealed information regarding the company's growth prospects, claiming that the growth was overstated and primarily driven by temporary factors related to customer behavior influenced by tariff speculation [3]. - The complaint asserts 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 suffered losses in CarMax, Inc. 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 nationally 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].
KMX LAWSUIT ALERT: The Gross Law Firm Notifies CarMax, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
Prnewswire· 2025-11-10 13:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of CarMax, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements about its growth prospects during a specified period [1]. Group 1: Allegations - The complaint 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 [1]. - It is alleged that the statements made by the defendants regarding CarMax's business operations and future prospects were materially false and lacked a reasonable basis throughout the relevant time [1]. Group 2: Class Action Details - The class period for the lawsuit is defined as June 20, 2025, to September 24, 2025, and shareholders are encouraged to register for participation [2]. - The deadline for shareholders to seek lead plaintiff status is January 2, 2026, and there is no cost or obligation for participation in the case [2]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect the rights of investors who have suffered losses due to deceit, fraud, and illegal business practices, emphasizing the importance of responsible business conduct [3].