Rival Firms Court CarMax Investors in Securities-Fraud Fight for Lead Role
A January 2 court deadline sets the timetable for investors seeking lead-plaintiff status.
Overview
- New notices from Rosen, Schall, DJS, Glancy Prongay & Murray, Robbins, and Hagens Berman invite KMX shareholders to seek appointment as lead plaintiff.
- Filings advance competing class periods, with some firms citing June 20–September 24, 2025, and others using June 20–November 5, 2025.
- Complaints allege CarMax overstated durable growth that was actually a temporary tariff-driven pull-forward of demand.
- Hagens Berman highlights additional claims about undisclosed risks in CarMax Auto Finance, noting a $142 million loan-loss provision and pressure on CAF income.
- Plaintiffs point to two market drops tied to alleged corrective events: roughly 20% after September 25, 2025 Q2 results and a further decline after the November 6, 2025 CEO change and soft outlook, with no class yet certified.