KMX INVESTOR LOSSES: CarMax, Inc. Investors May have been Affected by Fraud – Contact BFA Law by January 2 to Protect Your Rights

GlobeNewswire Inc. • Dec 25, 2025 8:37pm (New York) •By Bleichmar Fonti & Auld Llp

KMX INVESTOR LOSSES: CarMax, Inc. Investors May have been Affected by Fraud – Contact BFA Law by January 2 to Protect Your Rights

CarMax, Inc. is facing a securities fraud class action lawsuit filed in U.S. District Court for the District of Maryland. The lawsuit alleges that CarMax misrepresented strong and sustainable demand for its vehicles, when in reality demand was artificially boosted by tariff announcements. The company reported significant declines in sales and net income in Q2 FY2026, and CEO Bill Nash unexpectedly departed in November 2025. CarMax stock dropped approximately 20% on September 25, 2025, and over 24% on November 6, 2025. Investors have until January 2, 2026, to request lead plaintiff status.

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Insights

MSpA neutral

Mentioned as a conference host with no specific positive or negative context

KMX negative

CarMax faces serious allegations of securities fraud involving misrepresentation of customer demand. The company experienced significant stock price declines (20% and 24% drops), disappointing financial results with declining sales and net income, unexpected CEO departure, and is subject to a class action lawsuit with potential liability for investor losses.

Keywords

#securities fraud #class action lawsuit #tariffs #demand manipulation #CEO departure #stock decline #financial misrepresentation

Tickers

KMX

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