SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Announces that CarMax Investors Have Opportunity to Lead Class Action Lawsuit

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against CarMax, Inc. and reminds investors of the deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the company [2][4]. Group 1: Legal Action and Investor Information - Investors who purchased CarMax securities between June 20, 2025, and September 24, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal rights [1][2]. - The deadline for investors to seek the role of lead plaintiff in the class action lawsuit is January 2, 2026 [2]. - The lawsuit alleges that CarMax and its executives made false and misleading statements regarding the company's growth prospects, which were overstated due to temporary factors [4]. Group 2: Financial Performance and Impact - CarMax reported a decrease in income from CarMax Auto Finance (CAF) by 11.2%, with a provision for loan losses amounting to $142.2 million in the second quarter of fiscal 2026, compared to $112.6 million in the same period the previous year [5]. - The provision for loan losses included an increase of $71.3 million in the estimate of lifetime losses on existing loans, primarily due to worsening performance among the 2022 and 2023 vintages [5]. - 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 [5].