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News  ›  GlobeNewswire Inc.

Deadline Alert: CarMax, Inc. (KMX) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Glancy Prongay & Murray Llp
Deadline Alert: CarMax, Inc. (KMX) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit

CarMax faces a securities fraud class action lawsuit after the company disclosed significant revenue and profit declines in Q2 2026 results on September 25, 2025. The lawsuit alleges CarMax made materially false statements about growth prospects, which were allegedly driven by temporary tariff-related speculation rather than sustainable business fundamentals. The stock fell 20.1% following the disclosure. Investors have until January 2, 2026 to file a lead plaintiff motion.

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PIPR   neutral

Mentioned as conference host facilitating investor interactions


KMX   negative

CarMax disclosed significant financial deterioration (6% revenue decline, 7.2% retail vehicle revenue decline, 5.6% gross profit decline) and faces securities fraud allegations for allegedly overstating growth prospects. The stock experienced a sharp 20.1% decline on the news, and the company is accused of misleading investors about the sustainability of its earlier growth.