CarMax, Inc. Sued For Securities Violations; Block & Leviton Encourages Investors Who Have Lost Money to Contact the Firm
BOSTON, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Block & Leviton announces that a securities fraud lawsuit has been filed against CarMax, Inc. (NYSE: KMX) and certain of its executives. Investors who have lost money in their CarMax, Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/kmx.
What is this all about?
Shares of CarMax fell more than 10% in pre-market trading on November 6, 2025, after the company announced that CEO Bill Nash will step down effective December 1, 2025, and board member David McCreight will serve as interim CEO. This decline follows a securities fraud complaint alleging that, between June 20, 2025 and September 24, 2025, CarMax overstated its long-term growth prospects by claiming “significant year-over-year earnings growth for years to come” when sales strength was temporarily driven by tariff speculation. The leadership change and preliminary guidance have exacerbated concerns over the accuracy of CarMax’s prior disclosures.
Who is eligible?
Anyone who purchased CarMax, Inc. common stock between June 20, 2025, and September 24, 2025, and has seen their shares fall may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What should you do next?
The deadline to seek appointment as lead plaintiff is January 2, 2026. A class has not yet been certified, and until a certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at cases@blockleviton.com, or by phone at (888) 256-2510.
Whistleblower?
If you have non-public information about CarMax, Inc., you should consider assisting in our investigation or working with our attorneys to file a report with the Securities Exchange Commission under their whistleblower program. Whistleblowers who provide original information to the SEC may receive rewards of up to 30% of any successful recovery. For more information, contact Block & Leviton at whistleblowers@blockleviton.com or by phone at (888) 256-2510.
Why should you contact Block & Leviton?
Block & Leviton is widely regarded as one of the leading securities class action firms in the country. Our attorneys have recovered billions of dollars for defrauded investors and are dedicated to obtaining significant recoveries on behalf of our clients through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, call (888) 256-2510 or email shareholders@blockleviton.com with any questions.
This notice may constitute attorney advertising.
CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (888) 256-2510
Email: shareholders@blockleviton.com
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