CarMax Investor Suits Escalate as Amended Filings Extend Class Period to Nov. 5

Investors have until January 2 to seek lead‑plaintiff status in a Maryland case alleging misstatements tied to tariff pull‑forward demand.

Overview

Kessler Topaz reported an amended complaint that expands the proposed class period to June 20–November 5, 2025, from earlier windows ending September 24.
One case is pending in the U.S. District Court for the District of Maryland, captioned Jason Cap v. CarMax, Inc., et al., No. 1:25‑cv‑03602.
Plaintiffs claim CarMax portrayed temporary, tariff‑driven demand as sustainable growth during early FY2026.
Filings also allege under‑disclosed risks in CarMax Auto Finance, citing a roughly $142 million increase in loan‑loss provisions.
Press releases from multiple firms, including Bleichmar Fonti & Auld, Hagens Berman, Levi & Korsinsky, DJS Law Group, and KSF, highlight sharp stock drops on September 25 (~20%) and November 6 (>24%) and urge investors to move by the January 2 deadline.