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Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against CarMax, Inc. (KMX)

CarMax Inc (KMX) 
Last carmax inc earnings: 4/2 06:50 am Check Earnings Report
US:NYSE Investor Relations: investors.carmax.com/home/default.aspx
Company Research Source: GlobeNewswire
NEW YORK, Dec. 24, 2025 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit was filed on December 23, 2025 in the United States District Court for the Eastern District of Virginia on behalf of all persons or entities who purchased or otherwise acquired CarMax, Inc. (“CarMax” or the “Company”) (NYSE: KMX) securities between June 20, 2025 and November 5, 2025, inclusive (the “Class Period”). The Complaint alleges that throughout the Class Period, Defendants misled investors by failing to disclose that: (1) CarMax’s 2022 and 2023 vintage loans were underperforming; (2) CarMax’s loss reserves were inadequate to cover these loans; (3) CarMax had an oversupply of vehicles at its lots in early 2025; (4) this oversupply caused substantial depreciation of its inventory; (5) CarMax’s mid-2025 sales boost was largely driven by customers rushing to purchase used cars amid concerns over potential new-car tariffs; and (6) based on the foregoing, Defenda Show less Read more
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