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flag CarMax faces a class action lawsuit over alleged securities fraud for misleading investors about its financial health in late 2025.

flag A class action lawsuit has been filed against CarMax, Inc. (KMX) alleging securities fraud over misleading statements made between June 20 and November 5, 2025, about its financial health and growth prospects. flag The complaint claims the company downplayed a temporary sales surge driven by tariff speculation, while insiders allegedly knew demand would decline. flag After CarMax reported weak second-quarter 2026 results on September 25, 2025—showing declining sales, lower earnings, and a 20.07% stock drop—followed by CEO departure and a weak outlook, the stock fell further. flag Investors who suffered losses may apply to become lead plaintiff by January 2, 2026. flag The case is being handled by multiple law firms, including Bleichmar Fonti & Auld LLP, Pomerantz LLP, and others, on a contingency basis.

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