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News  ›  GlobeNewswire Inc.

STOCK ALERT: CarMax, Inc. (KMX) Investors may be Eligible for Compensation in Securities Class Action – Contact BFA Law by January 2 Deadline

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Bleichmar Fonti & Auld Llp
STOCK ALERT: CarMax, Inc. (KMX) Investors may be Eligible for Compensation in Securities Class Action – Contact BFA Law by January 2 Deadline

CarMax faces a securities fraud class action lawsuit after reporting significant sales declines and an unexpected CEO departure, with stock dropping over 20% following disappointing financial results.

Insights
H   positive

President and CEO Mark Hoplamazian featured as a prominent speaker, indicating strong industry presence


KMX   negative

Stock dropped 20% after reporting sales declines, weak financial performance, and unexpected CEO departure. Lawsuit alleges potential securities law violations related to misleading statements about car demand.