Core Viewpoint - CarMax, Inc. is facing a class action lawsuit due to allegations of misleading investors about its growth prospects for fiscal year 2026, particularly following disappointing financial results for the second quarter [1][2][3]. Summary by Sections Company Overview - CarMax, Inc. is identified as the largest retailer of used vehicles in the United States [1]. Class Action Details - A class action was filed on behalf of investors who purchased CarMax securities between June 20, 2025, and September 24, 2025, alleging that the company misrepresented its growth potential [1]. - Shareholders interested in serving as lead plaintiffs must submit their papers by January 2, 2026 [4]. Allegations and Financial Impact - The lawsuit claims that CarMax overstated its growth prospects, attributing earlier growth to temporary factors such as customer speculation regarding tariffs [3]. - Following the release of disappointing financial results on September 25, 2025, CarMax's stock price dropped by $11.5 per share, or 20.07%, closing at $45.60, with an additional decline of 1.62% the following day [2].