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CarMax Faces Investor Lawsuit Alleging Securities Fraud

Reuters2025-12-29

CarMax Faces Investor Lawsuit Alleging 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 made false statements and concealed key information by overstating its growth prospects. Specifically, it is claimed that the company's earlier growth in the 2026 fiscal year was a temporary effect driven by customer speculation over tariffs, rather than sustainable business performance. As a result, the lawsuit contends that CarMax's statements regarding its business, operations, and outlook were materially false and misleading during the relevant period. The case is being handled by Levi & Korsinsky, LLP, a law firm with 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: 1121896) on December 29, 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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The complaint alleges that CarMax made false statements and concealed key information by overstating its growth prospects. Specifically, it is claimed that the company's earlier growth in the 2026 fiscal year was a temporary effect driven by customer speculation over tariffs, rather than sustainable business performance. As a result, the lawsuit contends that CarMax's statements regarding its business, operations, and outlook were materially false and misleading during the relevant period. The case is being handled by Levi &amp; Korsinsky, LLP, a law firm with experience in securities litigation.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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Specifically, it is claimed that the company's earlier growth in the 2026 fiscal year was a temporary effect driven by customer speculation over tariffs, rather than sustainable business performance. As a result, the lawsuit contends that CarMax's statements regarding its business, operations, and outlook were materially false and misleading during the relevant period. The case is being handled by Levi & Korsinsky, LLP, a law firm with 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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