NEWTOWN, Pa., Oct. 3, 2025 /PRNewswire/ -- Edelson Lechtzin LLP, a national class action law firm, is investigating potential violations of the federal securities laws involving CarMax, Inc. (NYSE:KMX), resulting from allegations of providing potentially misleading business information to the investing public.
If you have information that could assist in the CarMax investigation, or are a CarMax investor who suffered a loss and would like to learn more, you can provide your information HERE.
You can also contact attorney Eric Lechtzin of Edelson Lechtzin LLP by calling 844-563-5550 or via e-mail at elechtzin@edelson-law.com.
THE COMPANY:
CarMax is the largest U.S. retailer of used vehicles, offering a customer-focused car buying experience through its online platform and nationwide network of stores.
THE ALLEGED WRONGDOING:
On September 25, 2025, CarMax reported year-over-year declines in revenue and profit in its second-quarter financial results for the 2026 fiscal year. Specifically, the company disclosed significant decreases in total revenue, total retail used vehicle revenue, and total gross profit. CarMax attributed its performance to ongoing inventory rightsizing and a $71.3 million increase in loan loss provisions.
On this news, the price of CarMax stock fell $11.45 per share, or approximately 20%, to close at $45.60 per share on September 25, 2025.
ABOUT EDELSON LECHTZIN LLP: Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving securities and investment fraud, our lawyers focus on class cases alleging violations of federal antitrust laws, employee benefit plans under ERISA, wage theft, data security, and consumer fraud.
For more information, please contact:
Eric Lechtzin, Esq.
EDELSON LECHTZIN LLP
411 S. State Street, Suite N-300
Newtown, PA 18940
Phone: 844-696-7492 or 215-867-2399 ext. 1
Email: elechtzin@edelson-law.com
Web: www.edelson-law.com
This press release may be considered Attorney Advertising in some jurisdictions. No class has been certified in this case, so you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. Your ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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SOURCE Edelson Lechtzin LLP
