Law Firms Urge CarMax Investors to Seek Lead Role in Securities Case Before Jan. 2

The suit stems from CarMax's September 25 disclosure of weaker Q2 performance that preceded a roughly 20% stock slide.

Overview

A federal securities class action was filed in the U.S. District Court for the District of Maryland for investors who bought CarMax shares from June 20 to September 24, 2025.
Plaintiffs allege CarMax and certain executives made materially false or misleading statements by overstating sustainable growth prospects.
Filings cite claims that earlier growth reflected tariff‑linked pull‑forward purchases rather than enduring demand.
On September 25, 2025, CarMax reported Q2 FY2026 declines including revenue down 6.0%, total retail used vehicle revenue down 7.2%, total gross profit down 5.6%, EPS of $0.64 vs. $0.85 a year earlier, and a $71.3 million increase in loan‑loss provisions.
Investors have until January 2, 2026 to move for lead‑plaintiff status as multiple firms, including Bernstein Liebhard, Wolf Haldenstein, Glancy Prongay & Murray, and the Schall Law Firm, solicit shareholder contacts and participation.