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Important Information for CarMax Stockholders Facing Losses

If you are a stockholder of CarMax, Inc. (NYSE: KMX) who has experienced significant financial losses, it's essential to be informed about potential legal actions you can take. Robbins LLP, a prominent law firm specializing in shareholder rights, has announced that a class action lawsuit has commenced on behalf of investors who purchased or acquired CarMax securities between June 20, 2025, and September 24, 2025. This legal step is critical for those who believe they were misled regarding the company’s growth prospects during this period.

Background on CarMax

CarMax, recognized as the largest retailer of used vehicles in the United States, has faced scrutiny for its financial practices and communications with investors. Recent allegations suggest that the company may have provided misleading information about its growth trajectory for the fiscal year 2026. On September 25, 2025, CarMax released its second-quarter financial results for the fiscal year, which disappointed many investors. The announcement coincided with a drastic drop in the company's stock price, plummeting by $11.50 per share, or more than 20%, leading to a closing price of $45.60 per share.

The Allegations

According to the lawsuit, the significant decline in stock price could be attributed to CarMax’s alleged overstatement of growth potential. Plaintiffs argue that the initial surge in 2026 was not indicative of a sustainable growth model but rather a temporary spike influenced by consumer behavior tied to external factors, such as speculation regarding tariffs. Investors are now left questioning the integrity of the information provided by CarMax and whether they were adequately informed of the risks prior to the stock's decline.

Next Steps for Stockholders

If you are a stockholder affected by these changes, Robbins LLP encourages you to consider participating in the class action against CarMax. Those interested in being a lead plaintiff, representing the interests of the group, must submit their application by January 2, 2026. Becoming a lead plaintiff involves taking an active role in the litigation, but it’s important to note that you can still seek recovery without being involved directly.

As a shareholder, you have rights, and Robbins LLP operates on a contingency fee basis, which means you will not incur any upfront costs or expenses. If the class action results in a settlement, any fees will be deducted from your recovery.

About Robbins LLP

Since its inception in 2002, Robbins LLP has built a strong reputation for advocating for shareholders. The firm is committed to helping investors recover losses and is known for its dedication to improving corporate governance and holding executives accountable. Their team of experienced attorneys is determined to navigate the complexities of corporate litigation on behalf of shareholders.

How to Stay Informed

For stockholders wishing to stay updated about the class action and the potential for settlement, Robbins LLP offers a Stock Watch service, providing alerts about significant corporate misconduct and legal developments affecting shareholders. Signing up can help you remain informed and protect your interests as a stockholder in CarMax, Inc.

For more information about the class action or to discuss your options, you can reach out to Robbins LLP by submitting a form, emailing attorney Aaron Dumas, Jr., or calling their office at (800) 350-6003. Taking action now could be crucial to recovering your investments and ensuring that your rights as a shareholder are protected.

In conclusion, if you are among those who faced losses from the recent downturn in CarMax’s stock, don’t hesitate to explore your legal options. Joining the class action could be a critical step in seeking compensation and holding the company accountable for its actions.