#United States #San Diego #Class Action #Robbins LLP #CarMax

Investor Alert: CarMax, Inc. Class Action Lawsuit

Robbins LLP recently alerted stockholders regarding a class action lawsuit filed on behalf of investors who purchased or acquired stocks of CarMax, Inc. between June 20, 2025, and September 24, 2025. CarMax, noted as the largest retailer of used vehicles in the country, is facing allegations that it provided misleading statements about its growth, inflicting significant losses on shareholders.

Background of the Allegations

The lawsuit stems from a disappointing financial report issued by CarMax on September 25, 2025. This report revealed that the company did not meet expectations, leading to a significant dive in the stock price by $11.5, a drop of 20.07%, closing at $45.60 that day. The following day, further negative impact followed, with the stock declining an additional 1.62% to close at $44.86.

Key Accusations

According to the co-plaintiffs, the primary accusation against CarMax, Inc. is that the defendants overstated the company's growth prospects. The complaint suggests that the growth reported earlier in the 2026 fiscal year resulted from temporary spikes related to customer behavior skewed by speculation regarding tariffs, rather than reflecting sustainable company performance.

Options for Shareholders

If you are a shareholder of CarMax and acquired stocks during the specified period, you may be eligible to participate in this class action lawsuit. Shareholders interested in serving as lead plaintiff must submit the necessary documentation to the court by January 2, 2026. The lead plaintiff represents other class members in directing litigation actions. Importantly, participating in the case is not a prerequisite for receiving any recovery; those opting out can remain classified as absent class members.

About Robbins LLP

Robbins LLP is a reputable law firm specializing in shareholder rights litigation. Since 2002, their dedicated team has focused on helping shareholders recover financial losses, improve corporate governance, and hold corporate executives accountable for misdeeds. Expert-led representation ensures that shareholders do not incur costs unless they win, as Robbins operates on a contingency fee basis.

To stay updated on developments regarding this class action, or to be notified of settlements, interested parties are encouraged to register with Stock Watch for free alerts when evidence of corporate wrongdoing arises.

Conclusion

This alert serves as a reminder for shareholders to stay informed and take appropriate actions if they have been affected by CarMax's alleged misrepresentation of growth. With the potential for significant recovery and accountability from CarMax, affected investors should consider their options carefully and may contact Robbins LLP for more information on participation in the class action lawsuit.