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CarMax, Inc. (KMX) Faces Securities Class Action Amid Problems with Q2 Growth, Unexpected $142 Million Loss Provision -- Hagens Berman
Globenewswire· 2025-11-05 06:02
SAN FRANCISCO, Nov. 04, 2025 (GLOBE NEWSWIRE) -- A securities fraud class action, styled Cap v. CarMax, Inc., et al., No.1:25-cv-03602-JKB (D. Md.) seeks to represent investors who purchased or otherwise acquired publicly traded CarMax, Inc. (NYSE: KMX) securities between June 20, 2025 and September 24, 2025. The lawsuit follows a sharp sell-off on September 25, 2025, with the stock plummeting nearly 20% following the release of its second-quarter 2026 financial results. The catalyst for the decline was a s ...