UPCOMING DEADLINE: Faruqi & Faruqi Reminds CarMax Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of January 2, 2026 - KMX

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against CarMax, Inc. related to a federal securities class action lawsuit, with a lead plaintiff deadline set for January 2, 2026 [2][5]. Group 1: Legal Proceedings - A federal securities class action has been filed against CarMax, alleging violations of federal securities laws due to false and misleading statements regarding the company's growth prospects [5]. - The lawsuit claims that CarMax's earlier growth was overstated and was primarily driven by temporary factors, such as customer speculation regarding tariffs [5]. - Investors are encouraged to contact Faruqi & Faruqi if they suffered losses in CarMax between June 20, 2025, and September 24, 2025, to discuss their legal rights [1][2]. Group 2: Financial Performance - CarMax reported a significant decrease in income from CarMax Auto Finance, with an 11.2% decline 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 an increase of $71.3 million in estimated lifetime losses on existing loans, primarily due to worsening performance among the 2022 and 2023 vintages [7]. - Following the release of these financial results, CarMax's stock price fell by $11.45 per share, approximately 20%, closing at $45.60 per share on September 26, 2025 [7].