SAN DIEGO, Nov. 11, 2025 /PRNewswire/ —
Company: CarMax, Inc. (NYSE: KMX) sells used cars. It describes itself as the “nation’s largest retailer of used vehicles.”
Class Period: June 20, 2025 – September 24, 2025
The Case: Robbins LLP reminds stockholders that a class action was filed on behalf of investors who purchased or otherwise acquired CarMax, Inc. securities during the class period because the Company allegedly misled investors regarding its 2026 growth.
For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
The Allegations: According to the complaint, on September 25, 2025, CarMax issued disappointing financial results for the second quarter fiscal year 2026. On this news, CarMax’s stock price fell $11.5 per share, or 20.07%, to close at $45.60 per share on September 25, 2025. The next day it fell a further 1.62%, to close at $44.86.
Plaintiffs allege that defendants recklessly overstated CarMax’s growth prospects when, in reality, its earlier growth in the 2026 fiscal year was a temporary benefit from customers buying cars due to speculation regarding tariffs.
What Now: You may be eligible to participate in the class action against CarMax, Inc. Shareholders who wish to serve as lead plaintiff for the class must submit their papers to the court by January 2, 2026. The lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002.
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SOURCE Robbins LLP
