Overview
- An investor class action, Cap v. CarMax, Inc., No. 25-cv-03602, is pending in the U.S. District Court for the District of Maryland.
- The latest notice reports an amended complaint that broadens the class period to include purchases through Nov. 5, 2025.
- On Nov. 6, CarMax said CEO Bill Nash will depart effective Dec. 1 and issued preliminary Q3 guidance of comparable unit sales down 8%–12% with EPS of $0.18–$0.36, and shares fell as much as 23%.
- The suit follows Sept. 25 results showing EPS of $0.64 versus $0.85 a year earlier, retail units down 5.4% and comps down 6.3%, alongside a $142 million CAF loan‑loss provision and an ~11% year‑over‑year CAF revenue decline, which drove a roughly 20% stock drop.
- Multiple firms are soliciting class members ahead of the Jan. 2, 2026 lead‑plaintiff deadline.