Core Insights - The company experienced significant unit growth for nearly two years before shifting strategies in early 2022, which led to a decline in growth and reliance on capital markets [1][2] Group 1: Business Strategy - The company launched in 2013 and was in growth mode until early 2022, when a strategic shift was made to reduce reliance on capital markets [1] - The shift in strategy resulted in a pullback on growth for approximately 1.5 to 2 years [1] Group 2: Unit Economics - The company ceased initiatives aimed at rapidly improving unit economics, which contributed to a reduction in business size and a return to previous equilibrium levels [2]

Core Viewpoint - Rosen Law Firm is urging investors of CarMax, Inc. to secure legal counsel before the January 2, 2026 deadline related to a securities class action lawsuit [2][4]. Group 1: Class Action Details - The class action pertains to CarMax securities purchased between June 20, 2025, and November 5, 2025, and aims to address alleged misleading statements made by the company during this period [2][6]. - The lawsuit claims that CarMax's growth prospects were overstated, attributing earlier growth to temporary factors rather than sustainable business practices [6]. Group 2: Legal Representation - Investors can join the class action without incurring out-of-pocket fees through a contingency fee arrangement [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success in recovering significant settlements for investors [5]. Group 3: Next Steps for Investors - Interested investors are encouraged to visit the Rosen Law Firm's website or contact them directly for more information on joining the class action [4][7]. - It is noted that no class has been certified yet, and investors have the option to remain absent or select their own counsel [8].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased CarMax, Inc. securities between June 20, 2025, and November 5, 2025, about the January 2, 2026, deadline to become lead plaintiffs in a securities class action lawsuit [1][3]. Group 1: Class Action Details - Investors who bought CarMax securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must act by January 2, 2026, to serve as lead plaintiffs [3][5]. - The lawsuit alleges that CarMax's management made materially false and misleading statements regarding the company's growth prospects, which were overstated due to temporary market conditions [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success in achieving significant settlements for investors [4]. - The firm has been recognized for its performance in securities class action settlements, including being ranked No. 1 by ISS Securities Class Action Services in 2017 and recovering over $438 million for investors in 2019 [4].

New York, New York--(Newsfile Corp. - November 18, 2025) - If you suffered a loss on your CarMax, Inc. (NYSE: KMX) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information:https://zlk.com/pslra-1/carmax-inc-lawsuit-submission-form?prid=178005&wire=5&utm_campaign=1or contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or call (212) 363-7500 to speak to our team of experienced shareholder advocates.THE LAWSUIT: A class ...

Summary of Carvana's Conference Call Company Overview - **Company**: Carvana - **Industry**: Automotive Retail Key Points and Arguments Growth Strategy and Market Position - Carvana aims to sell **3 million retail vehicles** annually within **5 to 10 years**, which represents a **5X increase** from the current run rate of approximately **600,000 units per year** [6][8][17] - The target of **3 million units** is only **7.5%** of the **40 million transactions** in the automotive market, making it an achievable goal [6][8] - The company has shifted from a reliance on capital markets to focusing on improving unit economics, which led to a temporary decline in growth before returning to a growth trajectory [4][5] Operational Challenges and Scaling - Achieving the target requires approximately **40% compounded growth** over **5 years** or **20% compounded growth** over **10 years** [7][8] - Carvana's operations are complex, involving multiple steps from purchasing to delivery, which makes scaling challenging [7][11] - The company is focused on expanding its **inspection centers** to facilitate growth and improve operational efficiency [10][12] Market Share and Competition - Carvana currently holds about **1.5%** of the market share in a highly fragmented industry, where public companies represent only about **10%** of the market [13][14] - The company believes its share gains are broad-based and not concentrated among a few competitors [13][15] Economic Environment and Consumer Credit - The used car market has averaged around **40 million units** annually, with fluctuations due to economic conditions [17][18] - Carvana's growth is somewhat insulated from market fluctuations, as it focuses on long-term foundations for sustained growth [18] - The company perceives the current consumer credit environment as stable, with expectations for better performance in **2024 and 2025 vintages** [47][48] Use of Technology and AI - Carvana has integrated AI across its operations, enhancing efficiency in various departments, including customer service and modeling [23][24][25] - The company has built a robust data infrastructure that supports AI applications, leading to improved productivity and customer-facing capabilities [24][26] Financial Performance and EBITDA Margins - Carvana targets **13.5% EBITDA margins** over the next **5 to 10 years**, based on historical performance and operational efficiencies [31][36] - The company plans to leverage fundamental gains to enhance customer offerings while maintaining competitive pricing [31][35] Advertising and Brand Awareness - Carvana is focused on increasing brand awareness to capture market share, utilizing advertising as a key lever [49][52] - The company aims to build consumer trust by delivering exceptional customer experiences and increasing visibility through strategic advertising [50][53] Delivery Capabilities - Carvana is piloting **same-day and next-day delivery** options, measuring success through customer uptake and fulfillment efficiency [54][56] - The company believes that faster delivery options will enhance conversion rates and overall customer satisfaction [54][57] Future Plans and Capital Expenditure - Carvana estimates that achieving a total reconditioning capacity of **3 million units** will require around **$1 billion** in capital expenditure [62] - The company is focused on low-capital integrations initially, with plans for more capital-intensive full build-outs in the future [62][63] Additional Important Insights - Carvana's growth strategy is heavily reliant on operational efficiency and scaling its inspection centers to meet increasing demand [10][12] - The company is aware of the complexities involved in expanding its delivery capabilities and is working to optimize its systems accordingly [55][56] - Carvana's approach to customer experience and brand perception is critical in overcoming consumer anxiety associated with car buying [50][51]

KMX CLASS NOTICE: BFA Law Alerts CarMax, Inc. Investors of the Pending Securities Fraud Class Action and Upcoming January 2 DeadlineNovember 18, 2025 3:33 PM EST | Source: Bleichmar Fonti & AuldNew York, New York--(Newsfile Corp. - November 18, 2025) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against CarMax, Inc. (NYSE: KMX) and certain of the Company's senior executives for securities fraud after a significant stock drop resul ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Expanded Class Period: June 20, 2025 – Nov. 5, 2025Lead Plaintiff Deadline: Jan. 2, 2026Visit:www.hbsslaw.com/investor-fraud/kmxContact the Firm Now: [email protected]      844-916-0895 CarMax, Inc. (KMX) Securities Class Action Litigation: The newly filed class action is brought on behalf of investors who purchased or otherwise acquired CarMax securities between June 20, 2025 and November 5, 2025. The litigation is focused on the propriety of CarMax's disclosures about the strength of its business ...

New Offer Watch tool lets customers track their vehicle’s value over time and choose when to sell CarMax Rolls Out Nationwide At-Home Pickup— Sell Your Car Without Leaving Your Driveway New Offer Watch tool lets customers track their vehicle’s value over time and choose when to sell CarMax Rolls Out Nationwide At-Home Pickup— Sell Your Car Without Leaving Your Driveway New Offer Watch tool lets customers track their vehicle’s value over time and choose when to sell RICHMOND, VA, Nov. 18, 2025 (GLOBE ...

NEW YORK, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in CarMax, Inc. ("CarMax, Inc." or the "Company") (NYSE: KMX) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of CarMax, Inc. investors who were adversely affected by alleged securities fraud between June 20, 2025 and September 24, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/carmax-inc-lawsuit-subm ...