CarMax (KMX) Securities Class Action Lawsuit

Shamis & Gentile, P.A. reminds investors of the upcoming lead plaintiff deadline of January 2, 2026, in the class action filed on behalf of investors who purchased or otherwise acquired shares of CarMax, Inc. (“CarMax” or the “Company”) (KMX) between June 20, 2025 and September 24, 2025 (the “Class Period”).

Investors who purchased CarMax securities during the Class Period may be eligible to serve as lead plaintiff. Contact the firm now for more information on how to participate. The deadline to apply for lead plaintiff is January 2, 2026.

The class action complaint alleges that CarMax and certain senior executives made materially false and misleading statements and omitted material facts regarding the Company’s growth, sales performance, and demand drivers. According to the complaint, CarMax attributed its strong results to operational efficiency and market execution, while failing to disclose that much of its reported growth was fueled by a short-term surge in consumer demand linked to speculation about potential U.S. auto tariffs.

According to the complaint, the truth was revealed on September 25, 2025, when CarMax released its second-quarter fiscal 2026 results, reporting weaker retail unit sales and acknowledging that prior demand had been temporarily inflated by customers accelerating purchases ahead of anticipated tariffs. The Company also disclosed that the demand spike led to elevated inventory levels and pricing pressure.

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, causing significant losses for investors.

If you purchased CarMax (KMX) shares between June 20, 2025 and September 24, 2025, you may be eligible to seek appointment as lead plaintiff or to participate in any potential recovery. There is no cost or obligation to participate. Contact Shamis & Gentile today to discuss your rights and options.

Shamis & Gentile, P.A. stands out as an advocate for investors who are victims of securities fraud. The firm is committed to securing recoveries for investors who have incurred damages due to false and misleading statements or other corporate misconduct by public companies. Shamis & Gentile has recovered over $1 billion for consumers nationwide. Its extensive experience, expertise and resources enable the firm to resolve disputes in a wide range of matters, including class actions, mass torts and mass arbitrations.

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