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CarMax Shareholders Urged to Take Action

In a significant legal development for investors of CarMax, Inc. (NYSE: KMX), ClaimsFiler, a firm dedicated to providing information for shareholders, has issued an urgent reminder. Those who purchased or acquired securities from CarMax from June 20 to November 5, 2025, are facing a critical deadline. They must file their lead plaintiff applications by January 2, 2026, to participate in a class action lawsuit.

The lawsuit, currently underway in the United States District Court for the District of Maryland, stems from allegations that CarMax and some of its executives failed to disclose crucial information during the aforementioned period, thereby violating federal securities laws. This lack of transparency has raised concerns among investors, particularly following a drop in CarMax's stock prices linked to disappointing financial results announced on September 25, 2025.

During that announcement, CarMax revealed that its retail unit sales had experienced a substantial decline, with a decrease of 5.4% compared to the previous year. For comparable store unit sales, the decline was even more pronounced at 6.3%. Additionally, wholesale unit sales were down by 2.2%, resulting in net earnings per diluted share of just $0.64, compared to $0.85 in the year prior. This revelation was met with a swift market reaction, as CarMax's shares plummeted by $11.50, or 20.07%, closing at $45.60 on the day of the announcement.

The specific case, titled Cap v. CarMax, Inc., has raised alarms among investors, particularly those with losses exceeding $100,000. The implications of this lawsuit and the potential ramifications for CarMax as a company could be significant, not just for its current shareholders, but also for its future operations and strategies.

For CarMax investors looking to navigate this complex situation, ClaimsFiler offers a wealth of resources. Prospective plaintiffs are encouraged to register for free at ClaimsFiler to access information on various securities class action cases. Notably, the firm also provides a user-friendly platform for investors to upload any relevant transaction data, ensuring they remain informed about potential financial interests in ongoing securities investigations.

To assist with legal inquiries, investors can reach out to the Kahn Swick & Foti, LLC law firm, which is available to provide evaluations of potential claims without charge.

As the deadline approaches, it is crucial for affected individuals to act promptly and ensure they fulfill all necessary requirements to seek justice and recover any potential losses. In a landscape where investor confidence can quickly erode, proactive steps are essential for anyone who feels the impact of this class action lawsuit against CarMax. Act now before the January 2, 2026 deadline passes.