
CarMax Investors Warned — Lead‑Plaintiff Deadline Set for January 2, 2026
•By ADMIN
Related Stocks:KMX
A prominent U.S. securities‑law firm, Faruqi & Faruqi, LLP, has issued a reminder to shareholders of CarMax, Inc. (NYSE: KMX) about an approaching deadline for joining a federal class‑action lawsuit. Investors who suffered losses between June 20, 2025 and September 24, 2025 must file by January 2, 2026 if they wish to be considered as “lead plaintiff.”
The lawsuit alleges that CarMax and its executives made false or misleading statements, overstating the company’s growth prospects — including claims that a fiscal‑2026 surge was based on strong consumer demand — when in reality that growth was allegedly driven by temporary speculations around tariffs. When CarMax later revealed during its Q2 2026 results that its auto‑finance division incurred a $142.2 million provision for loan losses (up from $112.6 million the prior year), the stock price plunged about 20%, falling by $11.45 to close at $45.60 per share.
The “lead plaintiff” — the investor with the largest financial interest — will direct the case on behalf of all class members. Investors who do not step forward can still remain part of the class and share in any recovery.
Faruqi & Faruqi also encourages anyone with relevant information — including whistleblowers, former employees, or other shareholders — to reach out. Contact can be made via partner James (Josh) Wilson at 877‑247‑4292 or 212‑983‑9330 (ext. 1310). More information is available at Faruqi’s website under the KMX case page.
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