CarMax Inc. (KMX) faces investigation from multiple legal practices over potential securities law violations and securities fraud. There is urging investors with significant losses to contact these firms. This news puts additional pressure on their shares, following their recent weak earnings report. The company's Q3 performance was under strain and they cut around 350 customer services jobs after poor earnings. KMX’s stock price target also decreased by 16.20% to $56.88. The company fell out of the S&P 500 Consumer Discretionary sector and has moved to S&P 600. However, investors see value in CarMax amidst the downfall. Hantz Financial Services Inc. and Brighton Jones LLC have significantly increased their stakes in KMX. RBC has also maintained a 'buy' rating with a target price of $59. Another interesting development includes the launching of their new brand positioning with a new tagline “Wanna Drive?”. However, the company continues to face investor scrutiny amidst an unexpected $142M loss provision. The associated legal probes and poor results have put the company’s valuation into focus.
Carmax KMX News Analytics from Thu, 04 Sep 2025 07:00:00 GMT to Sat, 01 Nov 2025 15:17:00 GMT -
Rating -6
- Innovation -2
- Information 5
- Rumor -5
