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News  ›  GlobeNewswire Inc.

Deadline Alert: CarMax, Inc. (KMX) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Glancy Prongay & Murray Llp
Deadline Alert: CarMax, Inc. (KMX) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit

CarMax faces a class action lawsuit alleging misleading financial statements after reporting significant revenue and profit declines in Q2 2026, with share price dropping 20.1% following financial disclosure.

Insights
NVDA   positive

Demonstrated early interest in SoundHound AI by taking a stake, indicating potential technological value


KMX   negative

Company experienced substantial revenue decline (6.0%), used vehicle revenue drop (7.2%), and gross profit reduction (5.6%), leading to a 20.1% stock price fall and potential securities fraud allegations