CarMax Investors Pressed to Meet Jan. 2 Deadline as Rival Firms Broaden Class Action
Plaintiffs allege CarMax misrepresented tariff-driven demand, inflating shares before two disclosures.
Overview
- Multiple plaintiff firms, including Hagens Berman, Kessler Topaz, Rosen, Faruqi, Schall, DJS, Gross, and Levi & Korsinsky, are competing to represent investors in the case.
- Several notices expand the proposed class period to June 20–November 5, 2025, while others keep it through September 24, 2025.
- Filings claim CarMax overstated sustainable growth that was actually a temporary pull-forward tied to tariff speculation.
- Complaints also highlight a $142.2 million Q2 FY2026 loan-loss provision at CarMax Auto Finance and say credit risk was underestimated.
- Press releases recount two stock drops tied to disclosures on September 25, 2025 and November 6, 2025, and urge investors to move for lead-plaintiff status by January 2, 2026.