Call Glancy Prongay & Murray LLP to talk about financial losses suffered by shareholders

Glancy Prongay & Murray LLP, a prominent law firm specializing in shareholder rights, is conducting an ongoing investigation into CarMax, Inc. (CarMax), a company listed on the New York Stock Exchange under KMX. The firm is looking into potential violations of federal securities laws by CarMax that may have affected investors.

Following the release of its fourth quarter and fiscal year 2025 financial results on April 10, 2025, CarMax fell short of consensus estimates, leading to the disclosure that it would be removing the timeframes associated with its long-term goals related to revenue, unit sales, and market share due to potential impacts from broader macro factors. As a result, CarMax’s stock price plummeted by $13.61, a 17% decline, to close at $66.45 per share on April 10, 2025, causing financial harm to investors.

Subsequently, on September 25, 2025, CarMax disclosed its second quarter 2026 financial results, reporting significant year-over-year decreases in revenue and profits. These included a revenue drop of 6.0%, a 7.2% decrease in total retail used vehicle revenues, and a 5.6% decline in total gross profit. The company attributed these results primarily to actions taken to adjust inventory levels and a substantial $71.3 million increase in loan loss provisions. Following this announcement, CarMax’s shares tumbled by as much as $11.45, a 20.1% decrease, to close at $45.60 per share on September 25, 2025, inflicting further losses on investors.

Investors who suffered losses as a result of CarMax’s financial performance are encouraged to reach out to Glancy Prongay & Murray LLP to inquire about potentially pursuing claims to recover their losses. Those interested in learning more about this investigation or their legal rights and options can contact the firm’s attorney, Charles Linehan,
at their Los Angeles office.

Further, individuals with non-public information about CarMax are urged to consider their options to aid the investigation or leverage the SEC Whistleblower Program. This program provides rewards of up to 30% of any successful recovery made by the SEC for whistleblowers who provide original information. For more information on this, concerned parties can contact Charles Linehan.

Glancy Prongay & Murray LLP is a renowned law firm that specializes in representing investors and consumers in various securities and class-action litigation cases across the country. With nearly 40 attorneys spread across four offices, the firm has a track record of securing groundbreaking rulings and recovering substantial amounts for investors and consumers in cases related to corporate misconduct in diverse industries and sectors. Their achievements have garnered attention from leading news and industry publications.