Shareholder Files CarMax Securities Class Action After Earnings Miss as Firms Seek Investors
The suit targets statements about growth prospects following a 20% share-price drop on weak Q2 results.
Overview
- Bernstein Liebhard says a shareholder filed a class action covering purchases from June 20 to September 24, 2025.
- The filing alleges misrepresentations about CarMax’s growth outlook and sets a January 2, 2026 deadline to seek lead-plaintiff status.
- The Schall Law Firm is soliciting investors for a case claiming early fiscal 2026 growth was driven by tariff speculation rather than fundamentals.
- Rosen Law Firm reports it is investigating potential claims and preparing a contingency-fee class action.
- On September 25, CarMax reported EPS of $0.64 on $6.6 billion in sales, announced $150 million in SG&A cuts, and shares closed down about 20% at $45.60.