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

News  ›  GlobeNewswire Inc.

CarMax, Inc. Securities Fraud Class Action Result of Undisclosed Financial Problems and 20% Stock Decline - Investors may Contact Lewis Kahn, Esq, @ KSF

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Kahn Swick & Foti, Llc
CarMax, Inc. Securities Fraud Class Action Result of Undisclosed Financial Problems and 20% Stock Decline - Investors may Contact Lewis Kahn, Esq, @ KSF

CarMax faces a securities class action lawsuit alleging failure to disclose material financial information during June 20-November 5, 2025, resulting in a 20% stock price decline after announcing decreased sales and lower earnings.

Insights
TSM   positive

High-performance computing revenue increased from 39% to 57% of total revenue, significant investment in US manufacturing, and diverse customer base


KMX   negative

Company experienced significant stock price drop of 20.07%, reported decreased retail and wholesale unit sales, lower net earnings per share, and is facing a securities fraud lawsuit alleging non-disclosure of material financial information