CarMax Investors Face Jan. 2 Lead Plaintiff Deadline in Securities Class Action

Overview

• The case, Jason Cap v. CarMax, Inc., No. 1:25-cv-03602, is pending in the U.S. District Court for the District of Maryland.
• The complaint brings claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of CarMax investors.
• Investor notices describe a putative class period covering purchases between June 20, 2025 and November 5, 2025.
• Filings tie two sharp share declines to September 25, 2025 results with higher loss provisions (about a 20% drop) and the November 6, 2025 CEO departure with a weak preliminary outlook (over a 24% drop).
• Law firms including Bleichmar Fonti & Auld, Rosen Law Firm, and Levi & Korsinsky are soliciting lead‑plaintiff applicants, with Rosen noting no class has been certified and BFA saying it is investigating loan‑reserve practices and the CEO exit.