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KMX Investors Have Opportunity to Join CarMax, Inc. Fraud Investigation With the Schall Law Firm
By AP News - Apr 12, 2025, 11:24 AM ET
Last Updated - Apr 12, 2025, 11:24 AM EDT
LOS ANGELES--(BUSINESS WIRE)--Apr 12, 2025--
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of CarMax, Inc. (“CarMax” or “the Company”) (NYSE: KMX ) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. CarMax released its Q4 and full year financial results on April 10, 2025. The Company missed analyst estimates and admitted it would be “removing the timeframes” it had previously assigned to long-term revenue, unit sales, and market share goals. The Company claimed this decision was driven by “the potential impact of broader macro factors.” Based on this news, shares of CarMax fell by 17% on the same day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250412826676/en/
CONTACT: The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: CLASS ACTION LAWSUIT PROFESSIONAL SERVICES LEGAL
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SOURCE: The Schall Law Firm
Copyright Business Wire 2025.
PUB: 04/12/2025 11:23 AM/DISC: 04/12/2025 11:24 AM
http://www.businesswire.com/news/home/20250412826676/en
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