#USA #New York #Class Action #Wolf Haldenstein #CarMax

CarMax Inc. Faces Legal Troubles Over Investor Allegations

On November 11, 2025, Wolf Haldenstein Adler Freeman & Herz LLP declared that a federal securities class action lawsuit has been initiated against CarMax, Inc. (NASDAQ: KMX). Investors who have sustained losses may qualify to join this case, which centers around serious allegations concerning the company’s fiscal conduct and representation of its growth prospects.

Key Allegations

The lawsuit revolves around the claim that CarMax and certain high-ranking executives have violated the Securities Exchange Act of 1934. Specifically, the firm asserts that the company, amidst a purportedly flourishing business atmosphere, misled its investors by exaggerating its growth potential. Evidence suggests that the growth reported in early Fiscal Year 2026 was artificially inflated, primarily propelled by an influx of short-term consumer purchases leading up to tariff speculations, rather than sustained market demand.

Disappointing Financial Results

Compounding these allegations, CarMax disclosed disappointing results following the end of Q2 for FY2026 on September 25, 2025. The financial indicators highlighted significant decreases in critical business metrics:

• - Retail unit sales dropped by 5.4%
• - Comparable store unit sales fell by 6.3%
• - Earnings per diluted share decreased to $0.64, down from $0.85 in the same quarter the previous year

In the wake of these troubling announcements, CarMax’s share price suffered a considerable decline of approximately 20%, prompting investor concern and subsequent legal action.

Next Steps for Investors

For those who invested in CarMax securities during the identified class period, which spans from June 20, 2025, to September 24, 2025, the deadline to move forward in the case is January 2, 2026. Concerned investors may seek to be appointed as lead plaintiffs in this case, taking a step toward possible financial restitution.

Why Choose Wolf Haldenstein?

Wolf Haldenstein Adler Freeman & Herz LLP has a robust reputation, built on over 125 years of experience in handling securities litigation. The firm is committed to fighting for the rights of investors who have suffered financial harm due to potentially misleading statements by corporations. Their track record reflects a resolute dedication to achieving justice for their clients.

For investors adversely affected by CarMax's alleged misrepresentation or those possessing information pertinent to the investigation, Wolf Haldenstein encourages you to reach out.

Contact Information

• - Phone: (800) 575-0735 or (212) 545-4774
• - Email: email protected]
• - Contact Person: Gregory Stone, Director of Case and Financial Analysis
• - Website: [Wolf Haldenstein Adler Freeman & Herz LLP

This press release serves as a signal for all investors impacted during the class period to take necessary action. Understanding the key changes in the financial landscape of public companies like CarMax is essential for making informed investment decisions in the future.