KMX 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. due to alleged violations of federal securities laws, with a deadline for investors to seek lead plaintiff status in a class action lawsuit by January 2, 2026 [1][3]. Financial Performance - CarMax reported a decrease in CarMax Auto Finance income by 11.2%, attributed to a provision for loan losses of $142.2 million in Q2 of fiscal 2026, compared to $112.6 million in the same period the previous year [4]. - 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 [4]. - 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 [4]. Legal Context - The complaint alleges that CarMax and its executives made false and misleading statements regarding the company's growth prospects, which were overstated due to temporary market conditions [3]. - Investors are encouraged to contact Faruqi & Faruqi for more information regarding the class action and to discuss their legal rights [1][5].