Bronstein, Gewirtz & Grossman, LLC Investigates Potential Claims Against CarMax, Inc.
New York, NY – April 15, 2025 – The law firm of Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of CarMax, Inc. (CarMax or the Company) following a securities class action lawsuit filed against the company. The lawsuit alleges that CarMax and certain of its executives may have violated the Securities Exchange Act of 1934 through the issuance of materially false and misleading statements and/or omissions.
Background on CarMax, Inc.
CarMax is a leading retailer of used cars, with over 200 dealerships and 60+ Express stores in the United States, Canada, and Puerto Rico. The company’s stock is traded on the New York Stock Exchange under the symbol KMX.
Investigation Details
The investigation concerns whether CarMax and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose material information to investors. Specifically, the lawsuit alleges that the defendants made false and/or misleading statements and/or failed to disclose that:
- CarMax was experiencing declining sales and increased competition in the used car market;
- The company was experiencing higher-than-expected expenses related to its used car acquisitions;
- CarMax was experiencing pressure from rising interest rates and higher costs of financing;
- The company’s profitability was being negatively impacted by increased costs related to its used car inventory.
As a result of these allegations, investors who purchased CarMax securities may have suffered significant losses.
What Does This Mean for Individual Investors?
If you purchased CarMax securities during the Class Period, you may be able to recover your losses through the securities class action lawsuit. To assist the investigation and learn more about the case, you are encouraged to visit the firm’s site at bgandg.com/KMX or contact the firm directly.
Global Implications
The implications of this investigation extend beyond CarMax and its investors. The allegations against the company highlight the importance of transparency and accurate disclosures in the business world. Companies that fail to provide clear and honest information to their investors can face significant consequences, including lawsuits and damage to their reputations.
Conclusion
The investigation into potential claims against CarMax, Inc. is an important reminder for investors to be vigilant about the companies they invest in and the information they receive. If you believe you may have been affected by the allegations against CarMax, it is important to seek the advice of a qualified securities attorney. By working together, we can help ensure that companies are held accountable for their actions and that investors are protected.
Bronstein, Gewirtz & Grossman, LLC is committed to ensuring that justice is served and that investors’ rights are protected. If you have any questions or would like to discuss the case further, please do not hesitate to contact the firm.
