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News  ›  GlobeNewswire Inc.

KMX CLASS REMINDER: CarMax, Inc. Investors with Losses May have been Affected by Fraud – Contact BFA Law by January 2 Legal Deadline

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Bleichmar Fonti & Auld Llp
KMX CLASS REMINDER: CarMax, Inc. Investors with Losses May have been Affected by Fraud – Contact BFA Law by January 2 Legal Deadline

CarMax faces a securities fraud class action lawsuit after reporting disappointing financial results, including sales declines and an unexpected CEO departure, which triggered a significant stock price drop.

Insights
KMX   negative

Stock price dropped 20% after Q2 financial results, experienced sales declines across retail and wholesale units, and faced unexpected CEO departure, indicating significant business challenges