CarMax faces securities fraud probe after stock drops 15% on used car pricing strategy.

CarMax is under investigation by Pomerantz LLP for potential securities fraud following a 15% drop in its stock price. The decline occurred after CarMax announced plans to lower used car prices and target customers with lower credit scores amid an auto industry affordability crisis. This investigation could impact investor confidence and lead to legal actions against the company and its officers. Investors are advised to contact Pomerantz LLP for more information or to join the class action lawsuit.