#USA #Robbins Geller #San Diego #Class Action #CarMax

Class Action Lawsuit Opportunity for CarMax Investors

Robbins Geller Rudman & Dowd LLP has recently announced an opportunity for those who purchased or acquired publicly traded securities of CarMax, Inc. (NYSE: KMX) to take part in a class action lawsuit. This lawsuit pertains to investors who experienced substantial financial losses during the designated Class Period, which spans from June 20, 2025, to September 24, 2025. Those interested in leading this class action have until January 2, 2026, to apply for the role of lead plaintiff in the case titled Cap v. CarMax, Inc., No. 25-cv-03602 in the Maryland district court.

Background of the Case

The allegations against CarMax and certain high-ranking executives revolve around serious breaches related to the Securities Exchange Act of 1934. During the noted Class Period, CarMax reportedly made misleading statements regarding its growth potential, suggesting a financial stability that, in hindsight, was significantly overstated. The firm suggests that the growth urgently publicized during 2026 was largely a transient benefit fueled by speculative buying linked to tariffs, rather than sustainable growth.

On September 25, 2025, CarMax released its second-quarter fiscal results for the year, which revealed concerning decreases in both retail unit sales (down 5.4%) and comparable store unit sales (down 6.3%). Moreover, their net earnings per diluted share plummeted from $0.85 the previous year to $0.64 this year. In the wake of this disclosure, CarMax's stock suffered a drastic decline, dropping about 20%, according to the allegations made by the plaintiffs in the class action.

What is the Lead Plaintiff Process?

The Private Securities Litigation Reform Act of 1995 provides a framework that allows investors who engaged in the acquisition of CarMax's publicly traded securities during the classified period to seek appointment as lead plaintiffs. The individual who is appointed as lead plaintiff is typically someone with the most significant financial stake in the outcome, and who is considered to be representative of the interests of all similarly situated investors.

This lead plaintiff holds the responsibility of guiding the legal activities of the lawsuit and has the authority to select a law firm of their choice to handle the proceedings. Importantly, an investor's ability to recover any settlement does not hinge on whether they serve as lead plaintiff.

About Robbins Geller Rudman & Dowd LLP

Recognized as a leading firm in securities fraud and shareholder litigation, Robbins Geller has made a name for itself in securing the best outcomes for investors. For four out of the last five years, the firm has been #1 in the ISS Securities Class Action Services rankings. Their achievements include recovering an impressive $2.5 billion for investors in related cases just last year, significantly outperforming its competitors in this field. The firm's capabilities are reflected in its extensive team of over 200 lawyers across ten offices, making it one of the largest plaintiffs’ firms globally.

For any investors affected by the recent downturn at CarMax and seeking more information, they've made it easy to access the necessary resources. Interested parties can reach out to attorneys J.C. Sanchez or Jennifer N. Caringal by calling 800-449-4900 or emailing them directly at the provided contact email. Additional information is available on their dedicated webpage for this lawsuit.

The initiation of this class action invites investors to reflect on their investments and consider joining together to seek recourse for their losses.

Conclusion

The upcoming deadline for potential lead plaintiffs underscores the urgency for impacted investors to act quickly. As the situation continues to unfold, investors are encouraged to stay informed and actively seek opportunities to reclaim losses that have stemmed from these recent developments surrounding CarMax, Inc. Maintaining engagement in such opportunities is critical as they navigate the complexities of financial recovery in the investment landscape.