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News  ›  GlobeNewswire Inc.

SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of CarMax

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Faruqi & Faruqi, Llp
SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of CarMax

Faruqi & Faruqi, LLP is investigating potential securities law violations by CarMax, alleging the company made false statements about growth prospects that were temporarily boosted by tariff-related speculation. Following the September 25, 2025 disclosure of an 11.2% decrease in CarMax Auto Finance income and increased loan loss provisions, CarMax stock fell approximately 20% to $45.60 per share. The firm is seeking a lead plaintiff for the class action lawsuit with a January 2, 2026 deadline.

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KMX   negative

CarMax faces a federal securities class action lawsuit alleging executives made false and misleading statements about growth prospects. The company disclosed significantly increased loan loss provisions and a 20% stock price decline following earnings results, indicating deteriorating financial performance and investor confidence.