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CarMax Faces Investor Lawsuit Over Alleged Securities Fraud

Reuters2025-12-23

CarMax Faces Investor Lawsuit Over Alleged Securities Fraud

A class action lawsuit has been filed against CarMax Inc. on behalf of investors who suffered losses between June 20, 2025 and November 5, 2025. The complaint alleges that CarMax and its executives made false statements and concealed key information, including claims that the company overstated its growth prospects. According to the lawsuit, CarMax’s earlier growth in the 2026 fiscal year was primarily due to temporary customer demand driven by tariff speculation, rather than sustainable business performance. As a result, statements about CarMax’s business and outlook are alleged to have been materially misleading or lacking reasonable basis during the relevant period. The case is being handled by Levi & Korsinsky, a law firm with significant experience in securities litigation.

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: 1120507) on December 23, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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According to the lawsuit, CarMax’s earlier growth in the 2026 fiscal year was primarily due to temporary customer demand driven by tariff speculation, rather than sustainable business performance. As a result, statements about CarMax’s business and outlook are alleged to have been materially misleading or lacking reasonable basis during the relevant period. The case is being handled by Levi & Korsinsky, a law firm with significant experience in securities litigation.\n      \n\n\nDisclaimer: 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. 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