Law Offices of Howard G. Smith continues its investigation on behalf of CarMax, Inc. (“CarMax” or the “Company”) (NYSE: KMX) investors concerning the Company’s possible violations of federal securities laws.

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN CARMAX, INC. (KMX), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.

Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.

What Happened?

On April 10, 2025, CarMax released its fourth quarter and fiscal year 2025 financial results, missing consensus estimates and disclosing that it would be “removing the timeframes” associated with long-term goals relating to revenue, unit sales, and market share “given the potential impact of broader macro factors.”

On this news, CarMax’s stock price fell $13.61, or 17%, to close at $66.45 per share on April 10, 2025, thereby injuring investors.

Then, on September 25, 2025, CarMax released its second quarter 2026 financial results, disclosing significant revenue and profit declines year over year, including: a revenue decline of 6.0%, total retail used vehicle revenues decline of 7.2%, and a total gross profit decline of 5.6%. The Company attributed its results primarily to actions required to “right size inventory” as well as a $71.3 million increase in loan loss provisions.

On this news, shares fell as much as $14.15 or 24.8% during intraday trading on September 25, 2025, thereby injuring investors further.

Contact Us To Participate or Learn More:

If you purchased CarMax securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:

Law Offices of Howard G. Smith

3070 Bristol Pike, Suite 112

Bensalem, Pennsylvania 19020

Telephone: (215) 638-4847

Email: howardsmith@howardsmithlaw.com

Visit our website at: www.howardsmithlaw.com.

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