CarMax Investors Face Jan. 2 Deadline as Rival Firms Expand Securities Class Action

Overview

• Multiple plaintiff firms, including Schall, DJS, Kessler Topaz, Glancy, Hagens Berman, Kirby McInerney and Rosen, are soliciting investors to seek lead-plaintiff status by January 2, 2026.
• Some notices keep the class period at June 20–September 24, 2025, while amended complaints broaden it through November 5, 2025.
• The suits allege CarMax overstated sustainable growth, asserting early fiscal 2026 strength reflected pull‑forward vehicle purchases tied to tariff speculation.
• On September 25, 2025, CarMax reported weaker Q2 results, including declines in revenue, retail used units and gross profit, and the stock fell about 20% that day.
• On November 6, 2025, the company terminated CEO Bill Nash and issued preliminary guidance for an 8%–12% drop in Q3 comparable‑store used unit sales, and shares fell sharply.