News › GlobeNewswire Inc.

KMX COURT REMINDER: CarMax, Inc. Securities Fraud Deadline Approaching – Contact BFA Law before January 2

GlobeNewswire Inc. • Dec 21, 2025 6:51am (New York) •By Bleichmar Fonti & Auld Llp

KMX COURT REMINDER: CarMax, Inc. Securities Fraud Deadline Approaching – Contact BFA Law before January 2

A class action securities fraud lawsuit has been filed against CarMax, Inc. and senior executives in the U.S. District Court for the District of Maryland. The suit alleges the company misrepresented demand for used cars, attributing strength to customer experience when tariff-driven pull-forward demand was the actual driver. CarMax stock dropped 20% on September 25, 2025, following disappointing Q2 results showing significant sales declines, and fell another 24% on November 6, 2025, following CEO Bill Nash's unexpected departure and weak Q3 guidance. Investors have until January 2, 2026, to request lead plaintiff status.

← Back to news Read Original Article

Insights

FNMA neutral

Mentioned as an agency providing guarantees for mortgage-backed securities, with no specific investment recommendation

KMX negative

Company faces securities fraud allegations for misrepresenting demand drivers, experienced significant stock price declines (20% and 24% drops), reported disappointing financial results with broad-based sales declines across retail and wholesale segments, and experienced unexpected CEO departure with weak forward guidance.

Keywords

#securities fraud #class action lawsuit #stock drop #tariffs #demand pull-forward #CEO departure #financial results decline #used car sales

Tickers

KMX

← Prev: JHX FINAL COURT REMINDER: James Hardie Industries plc Securities Fraud Deadline Approaching – Contact BFA Law before Tuesday’s December 23 Court Deadline

Next: LRN COURT REMINDER: Stride, Inc. Securities Fraud Deadline Approaching – Contact BFA Law before January 12 →