Particle.news
Download on the App Store

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

Plaintiffs say early fiscal 2026 sales reflected tariff-driven pull‑forward rather than sustainable growth.

Overview

  • Kessler Topaz says an amended complaint now covers CarMax investors from June 20 to November 5, 2025.
  • Glancy Prongay & Murray also references the June 20–November 5 window and highlights the January 2, 2026 lead‑plaintiff deadline.
  • The Schall Law Firm and DJS Law Group are soliciting investors under earlier notices citing a June 20–September 24, 2025 class period.
  • Notices state the case alleges violations of Sections 10(b) and 20(a) of the Exchange Act and SEC Rule 10b‑5 based on claims of overstated growth prospects.
  • Filings cite September 25, 2025 disclosures of weaker results and a sharp share decline as events that harmed investors, and at least one notice clarifies the class has not yet been certified.