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News  ›  GlobeNewswire Inc.

CarMax, Inc. (KMX) Shares Fall Again Amid Disclosure of Expected Comparable Store Unit Sales Decline, Class Action Pending -- Hagens Berman

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Hagens Berman
CarMax, Inc. (KMX) Shares Fall Again Amid Disclosure of Expected Comparable Store Unit Sales Decline, Class Action Pending -- Hagens Berman

CarMax experienced significant stock decline after firing CEO Bill Nash and announcing an expected 8-12% comparable store used unit sales decline in Q3 2026, following poor Q2 financial results.

Insights
COFpJ   neutral

Mentioned in context of portfolio conversion that may temporarily impact Mastercard's volume growth


KMX   negative

Stock dropped 24% after CEO firing, reported declining sales, poor financial performance, potential securities fraud allegations, and negative analyst commentary suggesting deeper business issues