A class action lawsuit has been filed against CarMax Inc. on behalf of investors who suffered losses from alleged securities fraud between June 20, 2025 and November 5, 2025. The complaint alleges that CarMax and its executives made false and misleading statements by overstating the company's growth prospects. According to the lawsuit, the company's reported growth in the 2026 fiscal year was largely due to a temporary surge in car purchases driven by speculation over tariffs, rather than sustainable business expansion. As a result, the statements about CarMax's business operations and future prospects are alleged to have lacked a reasonable basis, misleading investors during the relevant period. The law firm Levi & Korsinsky represents shareholders in this case.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CarMax Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1117423) on December 15, 2025, and is solely responsible for the information contained therein.
