A securities class action has been filed in the USDC – MD. against CarMax, Inc. (KMX) (“CarMax” or the “Company”), on behalf of all persons and entities that purchased or otherwise acquired CarMax securities between June 20, 2025, and November 5, 2025, both dates inclusive (the “Class Period”).

The complaint alleges defendants made false and/or misleading statements and/or failed to disclose that:

(1) Defendants recklessly overstated CarMax’s growth prospects when, in reality, its earlier growth in the 2026 fiscal year was a temporary benefit from customers buying cars due to speculation regarding tariffs; and

(2) as a result, Defendants’ statements about CarMax’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times, thereby harming investors.

CarMax’s stock fell $9,93 per share, or 24.33%, to close at $30.88 on November 6, 2025.

If you purchased CarMax securities publicly traded on the NYSE  during the Class Period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.