CarMax Investors Alert: Join Class Action to Recover Losses

In a recent announcement from Robbins Geller Rudman & Dowd LLP, CarMax, Inc. (NYSE: KMX) investors who purchased or acquired publicly traded securities between June 20, 2025, and September 24, 2025, have a crucial opportunity to take legal action. Investors are urged to consider leading a class action lawsuit against the auto retail giant, specifically the case titled Cap v. CarMax, Inc. No. 25-cv-03602 (D. Md.). The deadline for potential lead plaintiffs is January 2, 2026.

Class Action Details

The CarMax class action lawsuit comes in the wake of significant claims against the company and its executives, accusing them of violating the Securities Exchange Act of 1934. The allegations state that during the specified class period, CarMax and its top management allegedly overstated the company's growth prospects. This dubious claim obscures the fact that its growth in the fiscal year 2026 was primarily driven by speculative customer behavior related to tariffs, rather than sustainable business practices.

On September 25, 2025, CarMax released its second-quarter fiscal results, which revealed a disconcerting decrease of 5.4% in retail unit sales and a 6.3% decline in comparable store unit sales. Furthermore, the company's earnings per diluted share dropped to $0.64 from $0.85 compared to the previous year. This disappointing news triggered a drastic 20% plunge in the price of CarMax shares following the announcement. Such a sharp decline has left many investors facing substantial financial losses.

The Lead Plaintiff Process

The Private Securities Litigation Reform Act of 1995 provides a pathway for investors to take action. Any individual who holds CarMax shares during the class period has the right to apply for the role of lead plaintiff in these proceedings. The lead plaintiff is typically the investor who has the most significant financial interest in the class's relief and demonstrates typicality and adequacy relative to the class.

This individual will be tasked with directing the class action lawsuit on behalf of all affected investors. Notably, participation as the lead plaintiff does not affect an investor's ability to share in any potential future recovery from the lawsuit, ensuring all eligible investors can seek recompense.

About the Law Firm

Robbins Geller Rudman & Dowd LLP is a distinguished law firm with international recognition, primarily focusing on representing investors in securities fraud and shareholder litigation cases. The firm has consistently ranked #1 in the ISS Securities Class Action Services rankings, securing the most monetary relief for investors four out of the last five years. In 2024 alone, it recovered over $2.5 billion for its clients, a figure that is higher than the total recoveries of the next five firms combined.

With a team of 200 legal professionals across 10 offices worldwide, Robbins Geller is among the largest plaintiffs' firms in the United States. It boasts a track record of obtaining some of the largest securities class action recoveries, including an all-time high of $7.2 billion in the Enron Corporation securities litigation.

Investors who suffered heavy losses during the CarMax class period and are interested in participating in the lawsuit should reach out. More information can be found on their official website, or they can contact attorneys J.C. Sanchez or Jennifer N. Caringal at 800/449-4900 or via email at [email protected]

This crucial moment for CarMax investors emphasizes the importance of collective action in recovering losses incurred during this turbulent period. As the deadline approaches, interested investors should not delay in taking the necessary steps to join this significant case.