#United States #New York #Levi & Korsinsky #Inc. #Securities Fraud #CarMax

Background on CarMax, Inc.

CarMax, Inc. (NYSE: KMX) is a prominent retailer of used vehicles in the United States. Known for its transparent pricing policies and extensive selection of automobiles, CarMax has gained the trust of many consumers. However, recent developments have raised serious concerns regarding the company's financial disclosures and potential fraudulent activities.

Class Action Lawsuit Overview

On December 19, 2025, the legal firm Levi & Korsinsky, LLP announced a class action lawsuit against CarMax, Inc., alleging that investors were misled regarding the company’s growth prospects. This lawsuit aims to protect investors who may have suffered losses during a specific time frame—from June 20, 2025, to November 5, 2025.

Allegations Against CarMax

The complaint accuses the defendants of making false statements and omitting critical information about their financial condition. It specifically claims that:
1. Overstated Growth Prospects: The growth reported by CarMax during this period was significantly exaggerated. The surge in sales was purportedly driven by temporary speculations regarding tariffs, rather than sustainable business growth.
2. Misleading Statements: These inaccuracies in the financial reports led investors to believe that CarMax was experiencing robust growth, while, in reality, the business performance did not support such claims.

Taking Action: Investors’ Rights

Investors of CarMax, Inc. who believe they were adversely affected by this alleged fraud have until January 2, 2026, to request appointment as lead plaintiffs in the case. However, it’s crucial to note that individuals don’t have to be lead plaintiffs to participate in any potential recovery. There are no upfront costs to join the class action; eligible investors could receive compensation without any out-of-pocket expenses.

Why Choose Levi & Korsinsky?

Levi & Korsinsky, LLP has established a reputation for successfully representing shareholders and recovering significant funds for their clients in complex securities litigations. Over the past 20 years, the firm has built a formidable team of over 70 legal experts, establishing itself as one of the leading firms in securities litigation in the United States. Their consistent ranking in ISS Securities Class Action Services' Top 50 Report speaks to their effectiveness and dedication to investor rights.

Next Steps for Affected Investors

For investors who believe they may have been impacted by deceptive practices at CarMax, it’s recommended to:

• - Reach Out for Information: Investors should directly contact Levi & Korsinsky, LLP to discuss the specifics of the case, confirm eligibility, and understand the steps involved in participating in the class action lawsuit.
• - Monitor Deadlines: It’s vital to ensure that any inquiries or claims are submitted before the crucial deadlines to avoid missing the opportunity for potential compensation.

Conclusion

The ongoing class action lawsuit against CarMax, Inc. offers a critical juncture for investors impacted by possible securities fraud. If you invested in CarMax during the relevant timeframe and believe you have been misled, consult with Levi & Korsinsky for guidance on how to proceed. Protecting your rights and ensuring that corporate accountability is upheld is paramount. Visit Levi & Korsinsky’s website for more details and to submit your information.

Contact Information

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
Telephone: (212) 363-7500
Email: [email protected]