INVESTOR DEADLINE APPROACHING: 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. related to alleged violations of federal securities laws, with a deadline for investors to seek lead plaintiff status in a class action lawsuit set for January 2, 2026 [2][4]. Group 1: Allegations and Financial Impact - 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 benefits from customer behavior influenced by tariff speculation [4]. - 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 [5]. - Following the release of these financial results, CarMax's stock price fell by $11.45 per share, approximately 20%, closing at $45.60 on September 26, 2025 [5]. Group 2: Legal Proceedings and Investor Actions - Investors who purchased CarMax securities between June 20, 2025, and September 24, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal rights and options [1]. - The role of lead plaintiff in the class action lawsuit is designated for the investor with the largest financial interest who is also typical of the class members, with the option for any member to move the court to serve as lead plaintiff [6]. - Faruqi & Faruqi is also seeking information from whistleblowers, former employees, and shareholders regarding CarMax's conduct [7].