KMX INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of CarMax

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against CarMax, Inc. due to allegations of misleading statements regarding the company's growth prospects and financial performance, particularly in light of recent financial disclosures that led to a significant drop in stock price [2][5][6]. Group 1: Legal Investigation and Claims - Faruqi & Faruqi, LLP is encouraging investors who suffered losses in CarMax between June 20, 2025, and September 24, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against CarMax, with a deadline of January 2, 2026, for investors to seek the role of lead plaintiff [2]. - The complaint alleges that CarMax and its executives violated federal securities laws by making false and misleading statements about the company's growth prospects [5]. Group 2: Financial Performance and Stock Impact - CarMax reported a decrease in CarMax Auto Finance income by 11.2%, attributed to a $142.2 million provision for loan losses in the second quarter of fiscal 2026, compared to $112.6 million in the same period the previous year [6]. - The provision for loan losses included a $71.3 million increase in the estimate of lifetime losses on existing loans, primarily due to worsening performance among the 2022 and 2023 vintages [6]. - Following the financial results announcement, CarMax's stock price fell by $11.45 per share, approximately 20%, closing at $45.60 per share on September 26, 2025 [6].