CarMax Securities Class Period Extended to Nov. 5 as Firms Press Jan. 2 Lead-Plaintiff Deadline

Plaintiffs allege CarMax overstated sustainable growth that was actually boosted by tariff-related pull‑forward buying, pointing to a sharp selloff after weaker second‑quarter results.

Overview

An amended filing publicized by Kessler Topaz extends the putative class period to June 20–November 5, 2025, from earlier notices that ended on September 24.
Law firms including Bernstein Liebhard, Wolf Haldenstein, Glancy Prongay & Murray, The Schall Law Firm, and DJS Law Group are soliciting affected investors and pursuing claims.
Investors seeking to be appointed lead plaintiff must move by January 2, 2026, in litigation pending in the U.S. District Court for the District of Maryland.
The complaints invoke Sections 10(b) and 20(a) of the Exchange Act and SEC Rule 10b‑5, alleging false or misleading statements about CarMax’s growth prospects.
CarMax’s September 25 disclosure showed declines in retail unit sales (down 5.4%), comparable store unit sales (down 6.3%), and EPS ($0.64 vs. $0.85), and the stock fell about 20%.