CarMax Securities Suits Intensify as Jan. 2 Lead‑Plaintiff Deadline Nears

Overview

• An investor class action is pending in federal court captioned Jason Cap v. CarMax, Inc., alleging violations of Sections 10(b) and 20(a) of the Exchange Act.
• The proposed class period spans June 20, 2025 through November 5, 2025.
• Complaints contend CarMax portrayed tariff‑driven, short‑term demand as durable growth and understated rising credit risk at CarMax Auto Finance, including a $142 million loan‑loss provision.
• Plaintiffs cite two stock drops—a roughly 20% decline on Sept. 25, 2025 after weak Q2 results and a more than 24% slide on Nov. 6, 2025 following CEO Bill Nash’s departure and soft guidance—totaling about 44%.
• Multiple plaintiff firms, including Rosen, Bleichmar Fonti & Auld, Levi & Korsinsky, Kessler Topaz, Hagens Berman, and others, are soliciting investors on a contingency basis, and no class has been certified.