SAN FRANCISCO, Nov. 12, 2025 (GLOBE NEWSWIRE) -- A new securities class action lawsuit against CarMax, Inc. (NYSE: KMX) has expanded the alleged class period to now include investors who purchased or otherwise acquired CarMax securities between June 20, 2025 and November 5, 2025. The period has been lengthened to include the severe market reaction to CarMax’s announcement that it fired CEO Bill Nash, news which drove the price of CarMax shares down as much as $9.48 (-23%) on November 6, 2025. National share ...

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]

SAN FRANCISCO, Nov. 04, 2025 (GLOBE NEWSWIRE) -- A securities fraud class action, styled Cap v. CarMax, Inc., et al., No.1:25-cv-03602-JKB (D. Md.) seeks to represent investors who purchased or otherwise acquired publicly traded CarMax, Inc. (NYSE: KMX) securities between June 20, 2025 and September 24, 2025. The lawsuit follows a sharp sell-off on September 25, 2025, with the stock plummeting nearly 20% following the release of its second-quarter 2026 financial results. The catalyst for the decline was a s ...