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2w ago

CarMax Investors Urged to Seek Lead Role in Securities Suits as Jan. 2 Deadline Nears

The cases claim the company overstated sustainable growth by masking a tariff-driven sales pull-forward.

Overview

  • Notices from The Schall Law Firm and DJS Law Group invite shareholders who bought CarMax securities from June 20 to September 24, 2025 to contact them ahead of the lead-plaintiff deadline.
  • Both firms cite alleged violations of Sections 10(b) and 20(a) of the Exchange Act and SEC Rule 10b-5 tied to statements about the company’s growth prospects.
  • Portnoy Law Firm announced a separate filing proposing a broader class period from March 5, 2024 through October 8, 2025, reflecting competing period definitions among firms.
  • The allegations center on claims that early fiscal 2026 strength stemmed from customers advancing purchases in response to tariff news rather than durable demand.
  • Portnoy’s release points to a roughly 20% share drop after CarMax’s September 25, 2025 results, while Schall notes the class has not been certified and investors are not yet represented by counsel.