The law firm of Kessler Topaz Meltzer & Check, LLP has initiated an amended securities class action lawsuit against CarMax, Inc. (NYSE: KMX), expanding the class period for affected investors. This lawsuit now includes those who purchased or acquired CarMax securities between June 20, 2025, and November 5, 2025. Investors have until January 2, 2026, to apply as lead plaintiffs in this case.
Allegations Against CarMax
The complaint alleges that during the specified class period, CarMax executives made several misleading statements regarding the company’s growth potential. Specifically, it claims that the defendants overstated CarMax’s growth prospects, attributing it to a temporary surge in customer purchases driven by speculation about tariffs. This resulted in statements about the company’s business and operations that were materially misleading.
According to the legal filing, the alleged misrepresentation could have significant implications for investors who relied on these statements for their investment decisions. The law firm emphasizes that such actions, if proven, could constitute a serious violation of securities laws.
“The defendants’ positive statements lacked a reasonable basis at all relevant times,” the complaint states.
Steps for Affected Investors
Investors who suffered losses during the class period may seek to become lead plaintiffs by contacting Kessler Topaz Meltzer & Check, LLP or other legal counsel by the January deadline. A lead plaintiff acts on behalf of all class members and directs the litigation, typically being the investor or group of investors with the largest financial interest in the case.
Those who choose not to participate as lead plaintiffs will still be considered part of the class and may share in any recovery. Kessler Topaz Meltzer & Check, LLP encourages all affected investors to reach out for more information on their rights and potential recovery options.
For further details and to register for the case, investors can visit Kessler Topaz Meltzer & Check, LLP’s website.
About Kessler Topaz Meltzer & Check, LLP
Kessler Topaz Meltzer & Check, LLP is a law firm based in Radnor, Pennsylvania, known for prosecuting class actions in courts across the United States and globally. The firm has established a strong reputation for advocating for investors, consumers, and employees who have suffered from corporate misconduct, recovering billions in damages over the years.
For additional information, interested parties can contact Attorney Jonathan Naji at (484) 270-1453 or via email at [email protected].
This announcement may be considered as attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
