CarMax Faces Class Action Lawsuit Over Alleged Securities Fraud
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A class action lawsuit has been filed against CarMax Inc. for alleged securities fraud, representing investors who incurred losses between June 20, 2025, and November 5, 2025. The lawsuit claims that CarMax and its executives made false statements and concealed critical information, overstating the company's growth prospects. It argues that the growth in the 2026 fiscal year was temporary, driven by speculation about tariffs, rather than sustainable expansion. The legal action seeks damages for affected shareholders.
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