CarMax Securities Class Action Reminder: Lead Plaintiff Deadline January 2, 2026
Written by Emily J. Thompson, Senior Investment Analyst
Source: Globenewswire
Updated: Nov 28 20250mins
- Class Action Notification: Rosen Law Firm reminds investors who purchased CarMax securities between June 20 and November 5, 2025, to apply as lead plaintiffs by January 2, 2026, to represent other investors in the class action.
- Fee Arrangement: Investors joining the class action will incur no out-of-pocket costs, as the law firm operates on a contingency fee basis, thereby reducing the financial burden on investors.
- Lawsuit Background: The lawsuit alleges that CarMax made materially false or misleading statements during the class period, overstating growth prospects, which led to investor losses when the truth emerged.
- Law Firm's Advantage: Rosen Law Firm specializes in securities class actions and has recovered over $438 million for investors in 2019 alone, demonstrating its successful track record and expertise in this field.
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Analyst Views on KMX
Wall Street analysts forecast KMX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KMX is 40.92 USD with a low forecast of 27.00 USD and a high forecast of 60.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
2 Buy
12 Hold
3 Sell
Hold
Current: 38.900
Low
27.00
Averages
40.92
High
60.00
Current: 38.900
Low
27.00
Averages
40.92
High
60.00
Barclays
Underweight
initiated
$28
2025-11-11
Reason
Barclays
Price Target
$28
2025-11-11
initiated
Underweight
Reason
Barclays initiated coverage of CarMax with an Underweight rating and $28 price target. The firm rolled out coverage on the auto retail sector with a neutral view. Sector fundamentals are mixed, but the dealers offer "resiliency and strong shareholder returns," the analyst tells investors in a research note. Barclays is constructive on the growth outlook for the digital auction marketplaces as it sees the companies gaining shared from physical auctions. The firm cites uncertainty over CarMax's strategy for the Underweight rating.
Morgan Stanley
Daniela Haigian
Overweight -> Equal Weight
downgrade
$35
2025-11-10
Reason
Morgan Stanley
Daniela Haigian
Price Target
$35
2025-11-10
downgrade
Overweight -> Equal Weight
Reason
Morgan Stanley analyst Daniela Haigian downgraded CarMax to Equal Weight from Overweight with a $35 price target.
Morgan Stanley
Daniela Haigian
Overweight -> Equal Weight
downgrade
$56 -> $35
2025-11-10
Reason
Morgan Stanley
Daniela Haigian
Price Target
$56 -> $35
2025-11-10
downgrade
Overweight -> Equal Weight
Reason
As previously reported, Morgan Stanley analyst Daniela Haigian downgraded CarMax to Equal Weight from Overweight with a price target of $35, down from $56. The pre-announcement of the deterioration in volume growth and degradation in execution and uncertainty around new leadership likely leave shares range-bound until investors can build confidence in the new CEO and transformation strategy, the analyst tells investors.
Truist
Hold
downgrade
$47 -> $35
2025-11-08
Reason
Truist
Price Target
$47 -> $35
2025-11-08
downgrade
Hold
Reason
Truist lowered the firm's price target on CarMax to $35 from $47 and keeps a Hold rating on the shares. CarMax is facing multiple strategic challenges and their results suggest that these factors are increasingly pressuring results, the analyst tells investors in a research note. The company's board is trying to hit the reset button, but any new management team will have their hands full and need to reassess the relevance of CarMax's business model in today's environment, the firm added.
See All Ratings
About KMX
CarMax, Inc. is a retailer of used autos. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations. The CarMax Sales Operations segment sells used vehicles, purchases used vehicles from customers and other sources, sells related products and services, and arranges financing options for customers. The CAF segment consists solely of its own finance operation that provides financing for customers buying retail vehicles from the Company. The CAF segment also services all auto loans, it originates and is responsible for providing billing statements, collecting payments, maintaining contact with delinquent customers, and arranging for the repossession of vehicles securing defaulted loans. It provides customers with a range of other related products and services, including extended protection plan (EPP) products and vehicle repair services.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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