Time is running out: CarMax shareholders who suffered losses advised to get in touch with…

Investors who have purchased or own securities in CarMax, Inc. (KMX) are reminded by The Law Offices of Frank R. Cruz that the window to participate as a lead plaintiff in the securities fraud class action lawsuit closes on January 2, 2026. The lawsuit is on behalf of investors who acquired CarMax securities between June 20, 2025, and November 5, 2025, during what is known as the Class Period.

A significant event occurred on September 25, 2025, when CarMax released its financial results for the second quarter of 2026. The results revealed substantial decreases in revenue and profit compared to the previous year. The metrics included a 6.0% drop in revenue, a 7.2% decrease in total retail used vehicle revenues, and a 5.6% reduction in total gross profit. The Company attributed these results to actions taken to “right-size inventory” and reported a $71.3 million increase in loan loss provisions.

Following this news, the share price of the Company experienced a significant decline of $11.45, representing a 20.1% decrease, and closed at $45.60 per share on September 25, 2025. This decline resulted in financial losses for investors who held CarMax securities during that period.

The lawsuit alleges that during the Class Period, Defendants made misleading statements or failed to disclose important information about the Company’s business, operations, and prospects. Specifically, it is claimed that Defendants overstated CarMax’s growth potential and failed to disclose that the growth in the 2026 fiscal year was driven by customers purchasing cars due to tariff speculations. As a result, the lawsuit argues that Defendants’ positive statements regarding the Company’s business were misleading and lacked a reasonable basis.

Investors who bought or acquired CarMax securities between June 20, 2025, and November 5, 2025, have until January 2, 2026, to seek appointment as the lead plaintiff in the securities fraud class action lawsuit. Those interested in participating or learning more about the lawsuit can reach out to The Law Offices of Frank R. Cruz through various channels provided in the original press release.

Overall, investors who believe they may have been impacted by the alleged securities fraud during the Class Period are encouraged to take the necessary steps before the deadline closes. Remember, seeking counsel and considering involvement in the class action could potentially help recover any losses suffered as a result of the misleading statements and omissions made by CarMax during the specified time frame.