Archived Investigations

CarMax, Inc. (NYSE: KMX)

Company Name:CarMax, Inc.

Stock Symbol:NYSE: KMX

Court:District of Maryland

Class Period Start:06/20/2025

Class Period End (inclusive):11/05/2025

Filing Deadline:The deadline has passed.

November 4, 2025

CarMax and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On September 25, 2025, the Company announced its Second Quarter Fiscal Year 2026 financial results, disclosing among other things, that retail unit sales had decreased 5.4%, comparable store unit sales had decreased 6.3%, wholesale units had decreased 2.2%, and that net earnings per diluted share of $0.64 compared to $0.85 a year ago.

On this news, the price of CarMax’s shares fell $11.5 per share, or 20.07%, to close at $45.60 per share on September 25, 2025.

The first-filed case is Cap v. CarMax, Inc., No. 25-cv-03602. A subsequent case, Indiana Public Retirement System v. CarMax, Inc., No. 25-cv-01056, was filed in the Eastern District of Virginia.

Click here to read the first filed complaint.

Click here to read the subsequent complaint.

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On October 22, 2025, the Hon. Jesus G. Bernal denied CoStar defendant’s motion to dismiss a data privacy class action complaint. The suit alleges that CoStar installed trackers on its websites that collected and shared users’ personal information.

Final Approval of $27.5 Million Settlement Granted in Aimmune Merger Litigation

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After more than four years of litigation, the Hon. Maxine Chesney entered a Final Judgment approving a $27.5 million settlement for the Class in a Class action against Aimmune Therapeutics.

Final Approval of $189 Million Settlement Granted in TuSimple Securities Litigation

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On December 18, 2024, a Final Judgment of $189 million settlement of the Class’s claims in Dicker v. TuSimple Holdings, Inc. et al., was approved.

$189M TuSimple Securities Fraud Class Action Preliminarily Approved

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The Hon. Roger T. Benitez preliminarily approved a $189,000,000 class action settlement in the TuSimple securities class action.

Kahn Swick & Foti, LLC Privacy Policy

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Changes to Our Privacy Policy

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Topics:

What Information Do We Collect About You?
How Do We Collect Information About You?
How Will We Use Information We Collect About You?
Marketing
Access to Your Information and Correction
Your California Privacy Rights
Cookies
Data Retention and Storage
Changes to Our Privacy Policy
How to Contact Us