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News  ›  GlobeNewswire Inc.

Portnoy Law Firm Announces Class Action on Behalf of CarMax, Inc. Investors

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Lesley F. Portnoy
Portnoy Law Firm Announces Class Action on Behalf of CarMax, Inc. Investors

CarMax faces potential class action lawsuit after reporting significant sales declines in Q2 fiscal year 2026, with stock price dropping 20% following disappointing financial results attributed to tariff-related demand shifts.

Insights
ORCL   positive

Partnering in a landmark collaboration to deliver high-performance AI capabilities for national scientific research


KMX   negative

Company experienced substantial retail and wholesale sales declines, reduced net income by 28%, and saw significant stock price drop after reporting disappointing quarterly financial results