CarMax settles charges it did not disclose U.S. vehicle recalls [Reuters]
CarMax Inc (KMX)
Last carmax inc earnings: 4/2 06:50 am
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Source: Reuters
NEW YORK, Dec 1 (Reuters) - CarMax Inc (KMX.N) , the largest U.S. used car retailer, agreed to pay $1 million to resolve claims by 36 states that it failed to disclose open safety recalls to consumers before selling vehicles to them. Thursday's settlement followed a multistate probe led by Illinois Attorney General Kwame Raoul that began in 2014, amid concerns that consumers were not being warned about necessary repairs and potentially serious safety recalls. The accord requires the Richmond, Virginia-based company to provide consumers with hyperlinks and QR codes to look up recalls, and documentation that "clearly and conspicuously" discloses open recalls before presenting other sales paperwork. New York Attorney General Letitia James, who joined the settlement, in a statement said CarMax sometimes classified vehicles as "safe" even if they had been recalled for airbags or other safety features. "When someone buys a car, they need to know that it will keep them safe," James
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News
- CarMax, Inc. (NYSE:KMX) Shares Could Be 40% Below Their Intrinsic Value Estimate [Yahoo! Finance]Yahoo! Finance
- CarMax, Inc. (NYSE: KMX) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- CarMax Unveils Latest Trends in Used EV ShoppingGlobeNewswire
- CarMax, Inc. (NYSE: KMX) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $90.00 price target on the stock.MarketBeat
- CarMax, Inc. (NYSE:KMX) Q4 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
KMX
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- 4/11/24 - Miss
KMX
Sec Filings
- 5/9/24 - Form DEF
- 5/9/24 - Form DEFA14A
- 5/9/24 - Form ARS
- KMX's page on the SEC website