CarMax to Pay $500K After Illegally Repossessing Service Members' Cars [Yahoo! Finance]
CarMax Inc (KMX)
Last carmax inc earnings: 4/2 06:50 am
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Source: Yahoo! Finance
However, the nation's number one used vehicle retailer is currently under fire after being accused of illegally repossessing the vehicles of military members. Now, the company has agreed to pay $500,000 to settle the allegations of illegal vehicle towing. Of that total, the majority will go to the affected military service members, while a portion will be applied as a civil penalty. This comes as CarMax has faced other struggles, including a stock price plunge and severe financial strain. Carmax Is Accused of Taking Vehicles Without a Court Order Photo Credit: CarMax In a Feb. 23, 2026 announcement, the Department of Justice said it reached a settlement with CarMax Inc. to resolve allegations that the company violated the Servicemembers Civil Relief Act (SCRA). The issue with CarMax in this situation is that under the SCRA, lenders generally can't repossess a servicemember's vehicle without first getting a court order. This is the case as long as the borrower made at least
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KMX
News
- Should Value Investors Buy CarMax (KMX) Stock? [Yahoo! Finance]Yahoo! Finance
- CarMax Investigation Initiated: Kahn Swick & Foti, LLC Investigates the Officers and Directors of CarMax, Inc. - KMXBusiness Wire
- CarMax Launches First-of-Its-Kind Car Shopping and Selling Experience in ChatGPT App Store [Yahoo! Finance]Yahoo! Finance
- CarMax Launches First-of-Its-Kind Car Shopping and Selling Experience in ChatGPT App StoreGlobeNewswire
- CarMax (NYSE:KMX) was upgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=KMX&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> from a MarketBeat
KMX
Earnings
- 12/18/25 - Beat
KMX
Sec Filings
- 3/2/26 - Form 8-K
- 2/13/26 - Form SCHEDULE
- 2/12/26 - Form 8-K
- KMX's page on the SEC website