Core Viewpoint - A federal securities class action has been filed against CarMax, Inc. for allegedly overstating its growth prospects during a specific period, leading to significant investor losses following disappointing financial results [3][4]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased CarMax securities from June 20, 2025, to September 24, 2025, claiming that the company misrepresented its growth potential [3]. - CarMax's financial results for the second quarter of fiscal year 2026 revealed a 5.4% decrease in retail unit sales and a 6.3% decrease in comparable store unit sales, alongside a decline in net earnings per diluted share from $0.85 to $0.64 year-over-year [4]. Group 2: Market Reaction - Following the release of the disappointing earnings report on September 25, 2025, CarMax's share price fell by $11.50, or approximately 20.07%, closing at $45.60 [4].