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News  ›  GlobeNewswire Inc.

CarMax, Inc. (KMX) Class Period in Securities Class Action Expanded Amid CEO Termination-- Hagens Berman

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Hagens Berman
CarMax, Inc. (KMX) Class Period in Securities Class Action Expanded Amid CEO Termination-- Hagens Berman

CarMax faces a securities class action lawsuit alleging misleading investors about business prospects, with the class period expanded to include the period surrounding CEO Bill Nash's termination and poor Q2 2026 financial results.

Insights
BSX   positive

Highlighted as a major competitor with potential for market expansion


KMX   negative

Company experienced significant stock price drop (-23%), reported declining financial metrics including 24% EPS fall, 5.4% retail used unit sales decline, and concerns about loan portfolio quality, culminating in CEO termination