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yesterday

CarMax Investors Face Jan. 2 Deadline as Firms Vie to Lead Securities Case

Investors have until January 2 to seek lead-plaintiff status, with law firms advancing differing class periods.

Overview

  • Portnoy Law Firm announced a class action covering purchases from March 5, 2024 through October 8, 2025 and is inviting investors to seek the lead role.
  • The Law Offices of Howard G. Smith is soliciting investors for a proposed class spanning June 20, 2025 to November 5, 2025, noting the same January 2 deadline.
  • Faruqi & Faruqi is promoting a narrower class period of June 20, 2025 to September 24, 2025 while urging investors to move for lead plaintiff by January 2.
  • The complaints allege CarMax overstated durable demand, asserting earlier sales were temporarily boosted by tariff-related pull‑forward buying.
  • The filings highlight CarMax’s September 25, 2025 disclosure of an 11.2% decline in CarMax Auto Finance income and a $142.2 million loan‑loss provision, after which the stock fell about 20%.