CarMax (KMX) Slides After CEO Exit, Bleak Q3 Preview & Class‑Action Looms

Shares of CarMax, Inc. (KMX) tumbled as much as 23% on November 6, 2025 after the company announced that CEO Bill Nash will be terminated and removed from the Board effective December 1. At the same time, CarMax revealed preliminary third‑quarter 2026 earnings that forecast comparable store unit sales down 8‑12% and EPS in the range of only $0.18–$0.36 — starkly below analyst expectations of about $0.69. More troubling: shareholders rights firm Hagens Berman Sobol Shapiro LLP is pursuing a securities class‐action covering June 20 to September 24 for claims that CarMax misled investors about its growth trajectory and auto‑finance portfolio quality. #CarMax #CEOExit #AutoRetail #InvestorAlert #SlimScan #GrowthStocks #CANSLIM