Investigation announced for Long-Term Investors in shares of CarMax, Inc. (NYSE: KMX)

An investigation was announced for long-term investors in shares of CarMax, Inc. (NYSE: KMX) concerning potential breaches of fiduciary duties by certain directors of CarMax, Inc.

Investors who are current long term investors in CarMax, Inc. (NYSE: KMX) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: KMX stocks follows a lawsuit filed against CarMax, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: KMX stocks, concerns whether certain CarMax, Inc. directors are liable in connection with the allegations made in that lawsuit.

Richmond, VA based CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. CarMax, Inc. (NYSE: KMX) reported that its Total Revenue declined from over $26.53 billion for the 12 months period that ended on February 29, 2024, to over $26.35 billion for the 12 months period that ended on February 28, 2025, and that its Net Income over those respective time periods increased from $479.2 million to $500.55 million.

n September 25, 2025, CarMax filed a Current Report on Form 8-K, in which CarMax disclosed its financial results for the second quarter of its 2026 fiscal year. CarMax reported earnings per share ("EPS") of only $0.64 on $6.6 billion in sales, falling well short of consensus estimates of EPS of $1.03 on $7 billion in sales. CarMax's Chief Executive Officer described the quarter as "challenging" and said that CarMax would cut selling, general and administrative spending by $150 million over the next 18 months.

Shares of CarMax, Inc. (NYSE: KMX) declined from $71.99 per share on July 01, 2025, to as low as $40.34 per share on November 03, 2025.

According to that complaint filed in the U.S. District Court for the District of Maryland the plaintiff alleges thatthe defendants made false and/or misleading statements and/or failed to disclose that that Defendants recklessly overstated CarMax's growth prospects when, in reality, its earlier growth in the 2026 fiscal year was a temporary benefit from customers buying cars due to speculation regarding tariffs, and that as a result, defendants statements about CarMax's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times

Those who purchased shares of CarMax, Inc. (NYSE: KMX) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.