ATLANTA, July 22, 2008 (PRIME NEWSWIRE) -- Holzer Holzer & Fistel, LLC is investigating possible violations of federal securities laws by CarMax, Inc. ("CarMax" or the "Company") (NYSE:KMX). The investigation focuses on whether the Company misrepresented its financial condition in its public statements and SEC filings prior to announcing a 55% decrease in fiscal-first-quarter net income on June 18, 2008. The investigation also seeks to determine whether certain insider trading that occurred shortly before the June 18, 2008 announcement was unlawful.
Shareholders that purchased shares of CarMax common stock on or before June 17, 2008 with information pertaining to the investigation or with questions concerning their legal rights are encouraged to contact Holzer Holzer & Fistel, LLC and its attorneys Michael I. Fistel Jr., Esq. or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.