
CarMax, Inc. Investors Alert: Class Action Lawsuit Filed for Securities Fraud â DeadlineâŊJanuaryâŊ2,âŊ2026
âĒBy ADMIN
Related Stocks:KMX
Leading plaintiffâlaw firm BleichmarâŊFontiâŊ&âŊAuldâŊLLP (BFA) has announced that a class action has been filed in the U.S. District Court for the District of Maryland (JasonâŊCapâŊv.âŊCarMax,âŊInc., etâŊal., No.âŊ1:25âcvâ03602) against CarMax, Inc. (NYSE:âŊKMX) and certain senior executives for alleged securities law violations.
The suit claims that CarMax misled investors by highlighting sustainable demand for its usedâcar business while concealing that a tariffâdriven âpullâforwardâ in sales had temporarily inflated metrics. When results faltered in Q2âŊFY2026âshowing a 5.4âŊ% decline in retail used unit sales, 6.3âŊ% fewer comparable used units, a 2.2âŊ% drop in wholesale units, and Q2 net income of approximatelyâŊ$95.4âŊmillion (down from $132.8âŊmillion a year earlier)âCarMaxâs share price plunged about 20âŊ% on SeptâŊ25,âŊ2025.
Compounding the concern: on NovâŊ6,âŊ2025, CarMax announced the abrupt departure of CEO Bill Nash and issued a weak Q3 outlookâcausing the stock to drop over another 24âŊ%.
Investors who suffered losses from CarMax securities during the relevant period have until JanuaryâŊ2,âŊ2026 to seek appointment as lead plaintiff in the case. Thereâs no cost to participate â BFA works on contingency and litigants need not pay upfront court costs or expenses.
For more details or to submit information, visit BFAâs case page.
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