Investor rights firm Bernstein Liebhard LLP has launched an investigation into potential breaches of fiduciary duty by certain directors and officers of CarMax, Inc. (NYSE: KMX). The probe seeks to determine whether company leadership acted in the best interests of shareholders.

The investigation focuses on publicly available information to assess if legal remedies may be available to investors. Bernstein Liebhard is evaluating whether specific actions by CarMax’s leadership fulfilled their obligations to the company and its shareholders.

Shareholder Eligibility

Current CarMax shareholders are encouraged to review their eligibility for potential legal action. The firm is specifically targeting investors who meet the following criteria:

• Currently own shares of CarMax, Inc. (NYSE: KMX)
• Purchased shares before June 20, 2025

Shareholders meeting these conditions are advised to consult with the firm to understand their legal rights. The investigation remains ongoing as the firm gathers information to determine the appropriateness of further legal action.

Firm Background

Bernstein Liebhard LLP has represented investors in complex securities and shareholder litigation for more than three decades. Since 1993, the firm claims to have recovered more than $3.5 billion for its clients. It has been retained by many of the nation’s largest public and private pension funds to monitor investments and pursue claims.

The firm’s track record includes recognition on The National Law Journal’s "Plaintiffs’ Hot List" thirteen times and inclusion in The Legal 500 for sixteen consecutive years. These accolades reflect its stated commitment to protecting shareholder rights.

Contact Information

Investors seeking confidential consultations or additional information regarding the investigation can contact Investor Relations Manager Peter Allocco. Contact details are as follows:

ATTORNEY ADVERTISING. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

CarMax Inc (NYSE: KMX) released new research showing Gen Alpha teens are approaching driving age with significantly more enthusiasm than the previous generation. The survey indicates a strong demand for vehicle access and a preference for in-person shopping experiences among this digital-native cohort.

The data contrasts sharply with widely reported trends among Gen Z, who often delayed obtaining licenses. Among Gen Alpha teens aged 14 to 16, 80% either already hold a license or plan to get one as soon as legally allowed. Only 2% do not plan to get a license at all.

What the Numbers Show

The survey reveals a divergence between teen priorities and typical parental concerns. While parents typically focus on affordability and reliability, teens prioritize freedom. 75% view getting a license as a major life milestone, driven by the desire for independence rather than just transportation. This suggests that marketing to this demographic requires emphasizing lifestyle benefits over purely functional attributes.

Driving Preferences and Vehicle Access

Excitement about driving is high, with 68% of respondents expressing enthusiasm. However, 26% admit to being nervous about getting behind the wheel. When evaluating vehicle features, design and driving dynamics lead the way:

Regarding vehicle acquisition, 95% expect to have access to a car immediately after licensing. Of these, 40% expect their family to purchase a new vehicle, while 28% anticipate receiving a hand-me-down.

Shopping Behavior

Despite being raised in a digital-first world, Gen Alpha teens show a strong preference for physical interaction during the purchase process. 86% say it is important to see, sit in, and test drive a vehicle before a decision is made, including 48% who rate it as very important. Only 14% consider in-person evaluation unimportant.

Corey Haire, Vice President of Regional Sales at CarMax, noted that the next generation is eager for the freedom driving provides. He emphasized that CarMax supports families by combining online research convenience with the confidence of in-person test drives and upfront pricing.