TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  GlobeNewswire Inc.

KMX Investor Alert: Hagens Berman Notifies Investors of Suit Over CarMax’s Alleged “Temporary Demand Pull-Forward” and Loan Portfolio Risk

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Reed Kathrein
KMX Investor Alert: Hagens Berman Notifies Investors of Suit Over CarMax’s Alleged “Temporary Demand Pull-Forward” and Loan Portfolio Risk

Hagens Berman filed a securities class action lawsuit against CarMax, alleging the company misrepresented its growth and loan portfolio risks, leading to significant stock price declines in Q2 and Q3 2026.

Insights
INTU   neutral

Listed as a top holding with $27.6 million allocation


KMX   negative

Stock experienced two major crashes totaling over 44%, with allegations of misleading investors about sustainable growth and undisclosed risks in loan portfolio. Lawsuit claims executives prioritized short-term optics over transparency.