KMX

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AI-extracted key facts from press releases and SEC filings. Significance 1–10.

4

LegalBearishPR NewswireMar 14, 2026

Kahn Swick & Foti Initiates Investigation Into CarMax Officers and Directors Over Securities Violations

▸Law firm KSF investigating potential breach of fiduciary duties by CarMax leadership
▸Investigation follows securities class action lawsuit regarding alleged failure to disclose material information
▸Q2 FY2026 retail unit sales decreased 5.4% YoY
▸Q2 FY2026 net income fell to $95.4M from $132.8M prior year
▸Company disclosed unexpected CEO departure and weak Q3 outlook on November 6, 2025

CarMax, Inc.