CarMax Faces Class Action Lawsuit Over Alleged Securities Fraud
CarMax Inc. is facing a class action lawsuit for alleged securities fraud, with claims of false statements and concealed information about growth prospects. The lawsuit, filed on behalf of investors who suffered losses between June 20, 2025, and November 5, 2025, seeks to recover losses for affected shareholders. Allegations suggest CarMax's growth was driven by temporary factors rather than sustainable performance.
Reuters·