Securities Fraud Investigation Into CarMax, Inc. (KMX) Continues – Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, continues its investigation on behalf of CarMax, Inc. (CarMax or the Company) (NYSE: KMX) investors concerning the Company’s possible violations of the federal securities laws.

IF YOU ARE AN INVESTOR WHO LOST MONEY ON CARMAX, INC. (KMX), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.

What Happened?

On April 10, 2025, CarMax released its fourth quarter and fiscal year 2025 financial results, missing consensus estimates and disclosing that it would be removing the timeframes associated with long-term goals relating to revenue, unit sales, and market share given the potential impact of broader macro factors.

On this news, CarMax’s stock price fell $13.61, or 17%, to close at $66.45 per share on April 10, 2025, thereby injuring investors.

Then, on September 25, 2025, CarMax released its second quarter 2026 financial results, disclosing significant revenue and profit declines year over year, including: a revenue decline of 6.0%, total retail used vehicle revenues decline of 7.2%, and a total gross profit decline of 5.6%. The Company attributed its results primarily to actions required to right size inventory as well as a $71.3 million increase in loan loss provisions.

On this news, shares fell as much as $11.45, or 20.1%, to close at $45.60 per share on September 25, 2025, thereby injuring investors further.

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Charles Linehan, Esq.,
Glancy Prongay & Murray LLP,
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Los Angeles California 90067
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Whistleblower Notice

Persons with non-public information regarding CarMax should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email [e-mail].

About Glancy Prongay & Murray LLP

Glancy Prongay & Murray LLP (GPM) is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation. GPM has been consistently ranked in the Top 50 Securities Class Action Settlements by ISS Securities Class Action Services. In 2018, GPM was ranked a top five law firm in number of securities class action settlements, and a top six law firm for total dollar size of settlements.

With four offices across the country, GPM’s nearly 40 attorneys have won groundbreaking rulings and recovered billions of dollars for investors and consumers in securities, antitrust, consumer, and employment class actions. GPM’s lawyers have handled cases covering a wide spectrum of corporate misconduct and relating to nearly all industries and sectors. GPM’s past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money.

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