Particle.news
Download on the App Store
7 ARTICLES
·
2w ago

CarMax Securities Suits Intensify as Firms Court Investors Ahead of Jan. 2 Lead-Plaintiff Deadline

Filings center on claims that early fiscal 2026 demand was a tariff-driven pull-forward rather than durable growth.

Overview

  • Multiple investor-rights firms issued new notices or filings on Dec. 15, highlighting a Jan. 2, 2026 deadline to seek lead-plaintiff status in cases against CarMax.
  • Complaints invoke Exchange Act §§10(b) and 20(a) and SEC Rule 10b-5, alleging CarMax overstated growth prospects and misled investors on core business stability.
  • Hagens Berman describes two corrective disclosures, citing a Sept. 25 earnings miss with a $142 million loan-loss provision and a Nov. 6 CEO ouster, with a combined steep share decline.
  • Class period definitions conflict across firms, ranging from June 20–Sept. 24, 2025 to June 20–Nov. 5, 2025, with one notice asserting a broader March 5, 2024–Oct. 8, 2025 window.
  • Notices emphasize that no class has been certified and that investors are unrepresented unless they retain counsel or a class is certified by the court.