KMX INVESTOR REMINDER: CarMax, Inc. Investors may have been Affected by Fraud -- Contact BFA Law if You Suffered Losses

Core Viewpoint - CarMax, Inc. is under investigation for potential violations of federal securities laws, following disappointing financial results and claims regarding its assessment of car loan risks [1][4]. Group 1: Investigation Details - The investigation is initiated by Bleichmar Fonti & Auld LLP, a leading securities law firm, focusing on CarMax's practices related to federal securities laws [1]. - CarMax had previously claimed strong demand for its vehicles and proper risk assessment for car loans, which is now being scrutinized [2]. Group 2: Financial Performance - CarMax reported a 5.4% decline in retail used unit sales, a 6.3% decline in comparable store used unit sales, and a 2.2% decline in wholesale units for Q2 of fiscal year 2026 [4]. - The company's net earnings for Q2 were approximately $95.4 million, down from $132.8 million in the previous year, attributed to a "pull forward" in demand due to U.S. tariffs [4]. - A significant 11.2% decrease in income from the financing segment year-over-year was reported, with a loan loss provision of $142.2 million for the quarter [4]. Group 3: Stock Market Reaction - Following the announcement of disappointing financial results, CarMax's stock price fell by $11.45 per share, approximately 20%, from $57.05 on September 24, 2025, to $45.60 on September 25, 2025 [5].