CarMax Stock: Class Action Lawsuit Over Misleading Growth Projections!
A class-action lawsuit against CarMax has been expanded by the law firm Kessler Topaz Meltzer & Check. The case targets investors who bought the company’s securities between June 20 and November 5
The lawsuit accuses CarMax of falsely presenting a temporary rise in demand as long-term growth. This short-lived boost reportedly came from fears of upcoming tariff hikes. Instead of clarifying the situation, the company allegedly portrayed it as a lasting upward trend.
Investors who wish to lead the case must apply by January 2, 2026. The lawsuit also states that no other parties acquired CarMax shares during the specified period without being named in the legal action. Kessler Topaz Meltzer & Check claims CarMax misrepresented its growth forecasts for fiscal year 2026. The firm argues that shareholders were given an inaccurate picture of the company’s future performance.
The expanded lawsuit now covers all investors who purchased CarMax securities in the given timeframe. Lead plaintiff applications remain open until the January deadline. The case will examine whether the company’s statements about growth were misleading during that period.
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