Bernstein Liebhard investigates CarMax for fiduciary breaches

1 min read | Published on 10 Jul 2026, 02:12 AM |Updated on 10 Jul 2026, 02:12 AM

Reviewed by

Riya DScanX News Team

Key Highlights

Bernstein Liebhard LLP is investigating CarMax, Inc. for potential breaches of fiduciary duties by its directors and officers. The firm is contacting shareholders who bought stock before June 20, 2025. Investors can contact Peter Allocco to discuss their rights.

*this image is generated using AI for illustrative purposes only.

Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, has announced an investigation into whether certain directors and officers of CarMax, Inc. breached the fiduciary duties they owe to the company. The investigation focuses on potential violations by the leadership of the used car retailer, which is listed on the NYSE under the ticker KMX.

The law firm is specifically reaching out to investors who currently own shares of CarMax and purchased any of those shares prior to June 20, 2025. Bernstein Liebhard aims to determine if these shareholders have suffered financial damages due to the alleged misconduct.

Shareholders who wish to discuss their legal rights and options are invited to contact the firm. Peter Allocco, the Investor Relations Manager at Bernstein Liebhard LLP, is available to address inquiries regarding the investigation.

Key Investigation Details

Aspect	Details
Company	CarMax, Inc.
Ticker	NYSE: KMX
Relevant Date	June 20, 2025
Investigating Firm	Bernstein Liebhard LLP
Contact	Peter Allocco

Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993. The firm has been retained by major public and private pension funds to monitor assets and pursue litigation. It has been recognized by The National Law Journal’s "Plaintiffs’ Hot List" thirteen times and listed in The Legal 500 for sixteen consecutive years.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

What specific allegations or events triggered the investigation into the fiduciary duties of CarMax's leadership?

How might this investigation impact CarMax's stock performance and investor confidence in the short term?

Could the investigation lead to broader regulatory scrutiny or legal challenges for CarMax?

Morgan Stanley raises CarMax price target to $44

0 min read | Published on 24 Jun 2026, 12:08 AM |Updated on 24 Jun 2026, 12:08 AM

Reviewed by

Radhika SScanX News Team

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Key Highlights

Morgan Stanley analyst Daniela Haigian maintained an Equal-Weight rating on CarMax (NYSE: KMX) and increased the price target to $44 from $35. The adjustment indicates a more positive valuation outlook for the company.

*this image is generated using AI for illustrative purposes only.

Morgan Stanley analyst Daniela Haigian has maintained an Equal-Weight rating on CarMax (NYSE: KMX) and raised the price target to $44, up from the previous target of $35. The revised target suggests a higher valuation potential for the used-car retailer's stock.

The rating of Equal-Weight indicates that the stock is expected to perform in line with the sector's average returns. The increase in the price target signals an improved outlook on the company's financial prospects or market position.