CarMax Inc.
KMXCarMax Inc. (KMX) is a leading retailer of used vehicles in the United States, known for its no-haggle pricing and extensive inventory. Founded in 1993, it operates large stand-alone stores and online platforms, offering a wide selection of pre-owned cars, trucks, and SUVs. CarMax emphasizes transparent sales processes and customer satisfaction, making it one of the largest and most recognized names in the used car industry.
Company News
CarMax stock plummeted 53% in 2025 as the used car retailer faces declining sales, shrinking profit margins, and intensifying competition from Carvana, which posted a 44% increase in units sold last quarter. The company's CEO stepped down in December amid concerns about market share loss. While the stock now trades at a low P/E ratio of 15, CarMa...
A class action lawsuit has been filed against CarMax for allegedly making false and misleading statements about its growth prospects during the period of June 20, 2025 to November 5, 2025. The company allegedly overstated growth that was temporarily boosted by tariff-related speculation. CarMax's stock declined significantly following disappointi...
CarMax investors have until January 2, 2026 to file a lead plaintiff motion in a class action lawsuit covering the period from March 5, 2024 to October 8, 2025. The lawsuit alleges that CarMax misrepresented demand for its vehicles, attributing growth to customer experience when it was actually driven by a temporary tariff-related purchasing surg...
Rosen Law Firm is urging CarMax investors who purchased securities between June 20, 2025 and November 5, 2025 and suffered losses exceeding $100,000 to seek legal counsel before the January 2, 2026 lead plaintiff deadline. The lawsuit alleges that CarMax made materially false statements about growth prospects, overstating them based on temporary ...
The Schall Law Firm is seeking investors who purchased CarMax securities between June 20, 2025 and September 24, 2025 to join a class action lawsuit alleging securities fraud. CarMax allegedly made false and misleading statements by overstating growth prospects, with actual growth driven by customer speculation about vehicle tariffs rather than g...
