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

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 related to loan losses and stock price decline [2][4]. 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 statements about the company's growth and failing to disclose critical information [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 due to worsening performance among the 2022 and 2023 loan vintages, with an additional $70.9 million reflecting lifetime losses on current quarter originations [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].