Join the CarMax (KMX) Securities Class Action Lawsuit

Shamis & Gentile P.A., one of the nation's premier class action law firms specializing in securities fraud cases, is investigating potential claims against CarMax, Inc. (KMX)

If you purchased or acquired CarMax securities between June 20, 2025 and September 24, 2025, you may be eligible to join this class action lawsuit and seek compensation for your losses.

About CarMax

CarMax operates in the U.S. retail automotive industry and is known for its large network of used car superstores. Founded in 1993 and headquartered in Richmond, Virginia, the company operates more than 230 stores nationwide.

The Allegations

The securities class action lawsuit alleges that CarMax and certain senior executives made materially false and misleading statements and failed to disclose adverse facts about the company’s growth and sales performance during the class period.

According to the complaint, CarMax attributed its positive financial results to internal business strengths such as operational efficiency and market execution, while failing to disclose that a significant portion of its sales growth was driven by a short-term surge in consumer demand related to speculation about potential U.S. auto tariffs.

On September 25, 2025, CarMax reported second-quarter fiscal 2026 results showing weaker unit sales and acknowledged that prior demand had been inflated by consumers accelerating purchases before expected tariffs. The company also noted that the temporary sales spike had led to elevated inventory levels and pricing pressures.

Following these disclosures, CarMax’s stock fell $11.50 per share, or approximately 20%, to close at $45.60 on September 25, 2025, and declined an additional 1.6% the next trading day.

Important Dates

• Class period: June 20, 2025 to September 24, 2025
• Complaint filed: November 3, 2025
• Lead plaintiff deadline: January 2, 2026

Your Rights and Next Steps

The lead plaintiff deadline is January 2, 2026. The lead plaintiff is the investor chosen to represent the class and direct the litigation. If you wish to be considered for this role, or simply want to participate as a class member, it is important to act before the deadline.

Lawyers are ready to help review your situation and guide you through the process. There is no cost or obligation to participate. By joining the class action, you may be able to recover compensation for your financial losses and help hold CarMax accountable for any alleged misconduct.

You May Be Entitled to Compensation

If you invested in CarMax securities between June 20, 2025 and September 24, 2025 and experienced losses following the company’s September 2025 disclosures, you may be entitled to compensation.

Lawyers are ready to help you understand your rights and pursue recovery for your losses. To protect your rights and participate in the investigation, complete the form below.