PRESS RELEASE Arcueil, February 23, 2026 Declaration of transactions on own shares conducted from February 16 to February 20, 2026 Within the framework of the authorizations granted by the General Assembly on February 3, 2026, to operate on its shares and in accordance with the regulations related to share buybacks, Aramis Group hereby declares the following purchases of own shares (FR0014003U94) made from February 16 to February 20, 2026 (excluding the liquidity contract): Name of the issuerIssuer identifi ...

Core Viewpoint - Carvana's stock declined significantly after reporting mixed fourth-quarter results, with revenue exceeding estimates but profits falling short [1][2]. Financial Performance - Carvana reported revenue of $5.60 billion, surpassing the estimated $5.27 billion, marking a 58% increase year-over-year [1]. - Retail units sold reached 163,522, exceeding the estimated 157,226, also reflecting a 58% increase [1]. - Adjusted EBITDA was reported at $511 million, below the expected $535.7 million, with an adjusted EBITDA margin of 10.1%, missing the 10.4% estimate [2]. Market Reaction - Following the results, Carvana's shares fell by 7% in early trading and had previously dropped as much as 20% in after-hours trading [2]. - Analysts have mixed reactions, with some recommending to maintain positions in the stock despite the volatility [6][7]. Future Outlook - Carvana anticipates significant growth in retail units sold and adjusted EBITDA for the full year 2026, with expectations of sequential increases in Q1 2026, assuming stable market conditions [3]. - The company did not provide specific estimates for Q1 results, leading to concerns about its outlook [2]. Cost Considerations - The CEO noted that Q4 results were affected by higher reconditioning costs for vehicles, with expectations of continued high costs in Q1, although higher profit per unit is projected [4]. Strategic Goals - The company aims to become the fastest-growing and most profitable automotive retailer, targeting the sale of 3 million cars annually with adjusted EBITDA margins of 13.5% by 2030-2035 [5].

Carvana (CVNA) - Carvana sold more cars than Wall Street expected in Q4, but concerns over profitability led to a 16% drop in premarket trading [5] - The company experienced a 58% surge in revenue, with retail vehicle sales up 43% and wholesale sales increasing by 66% [5] - However, gross profit per vehicle declined by $244, and adjusted EBITDA of $511 million missed estimates of $539 million [6] - Adjusted profits per share surged to $4.22 from $0.56, but this was attributed to one-time charges and is not comparable to the $1.12 estimates [6] - Carvana did not issue sales guidance for the full year but expects to sell 3 million cars between 2030 and 2035 [7] DoorDash (DASH) - DoorDash shares rose 13% in premarket trading due to strong order growth and upbeat guidance, despite a Q4 miss on both top and bottom lines [7] - Orders climbed 32% to 903 million, and gross order value (GOV) jumped 39% to $29.7 billion, both exceeding expectations [7] - The Q1 outlook for GOV is projected between $31 billion and $31.8 billion, with EBITDA expected to be between $675 million and $775 million [7] Moderna (MRNA) - Moderna shares closed 6% higher after the FDA accepted its marketing application for the mRNA-1010 flu shot, reversing a previous refusal to review [8] - The FDA has set August 5, 2026, as the target action date for the biologics license application (BLA) for mRNA-1010 [9] - Moderna plans to launch mRNA-1010 in the U.S. for adults aged 50 and older for the 2026/2027 flu season [10]

Core Insights - Carvana is expected to report its fourth-quarter earnings, with analysts anticipating significant stock movement following the results, despite a recent decline in share price due to a short-seller report [1] Group 1: Stock Performance and Expectations - Carvana shares have decreased nearly 15% since the beginning of the year, with a notable drop following a critical short-seller report [1] - Traders expect Carvana's stock could swing up to 13.5% in either direction after the earnings report, potentially reaching around $398 or dropping below $304 [1] - Analysts remain bullish on Carvana, with 12 out of 13 analysts rating the stock as a "buy," suggesting a mean target of $500, indicating a potential 40% upside from recent trading levels [1] Group 2: Financial Projections - Carvana is projected to report a 48% year-over-year increase in revenue, reaching $5.25 billion, while earnings per share are expected to rise to $1.01 from 56 cents a year ago [1] - JPMorgan analysts have raised their price target for Carvana to $510 from $490, citing expected strong sales growth for the fourth quarter that may continue into the first quarter of 2026 [1] Group 3: Market Position and Analyst Sentiment - Carvana has established itself as a leading used-car marketplace in the U.S., achieving record highs in stock price earlier in the year [1] - The recent short-seller report has been criticized by JPMorgan analysts for misrepresenting Carvana's financials, reinforcing their positive outlook on the company [1]

Group 1 - Aramis Group conducted share buybacks from February 9 to February 13, 2026, totaling 23,657 shares at a daily weighted average purchase price of €4.0897 [2] - The daily transactions included purchases of 2,330 shares on February 9, 4,780 shares on February 10, 4,911 shares on February 11, 6,700 shares on February 12, and 4,936 shares on February 13 [2] - The share buybacks were authorized by the General Assembly on February 3, 2026, in accordance with regulations related to share repurchases [2] Group 2 - Aramis Group is a leading European company in B2C online used car sales, operating in six countries and generating annual revenues exceeding €2.3 billion [3] - The company has sold over 119,000 vehicles B2C and attracts nearly 70 million visitors annually across its digital platforms [3] - Founded in 2001, Aramis Group focuses on sustainable mobility and the circular economy, employing over 2,400 people and operating nine refurbishing centers across Europe [3]

Core Viewpoint - Block & Leviton is investigating Carvana Co. for potential securities law violations following a report alleging that the company's profitability is based on undisclosed related-party transactions [1][2]. Group 1: Investigation Details - Carvana's shares fell over 20% on January 28 after Gotham City Research reported that the company's earnings were subsidized by DriveTime, which reportedly burned over $1 billion in cash while leveraging 20x to 40x EBITDA [2]. - The report also claims that Bridgecrest marked down billions in loans as Carvana recognized gains on loan sales, raising concerns about the company's financial practices [2]. Group 2: Eligibility and Actions - Investors who purchased Carvana Co. common stock and experienced a decline in share value may be eligible to participate in the investigation, regardless of whether they sold their investment [3]. - Block & Leviton is actively investigating potential securities law violations and may file actions to recover losses for affected investors [4]. Group 3: Whistleblower Information - Individuals with non-public information about Carvana Co. are encouraged to assist in the investigation or report to the SEC under the whistleblower program, with potential rewards of up to 30% of any successful recovery [6]. Group 4: Firm's Reputation - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [7].

Core Insights - Carvana Co. is a leading online platform for buying and selling used cars, known for its innovative sales methods such as car vending machines and home delivery services [1] - The company faces competition from traditional dealerships and other online platforms like Vroom and Shift Technologies [1] Investigation and Stock Performance - The Rosen Law Firm is investigating Carvana for potential securities claims due to allegations of misleading business information, which led to a 14% drop in stock price following a short seller's report [2] - Despite the allegations, Wells Fargo has maintained an "Overweight" rating for Carvana, raising its price target from $500 to $525, indicating confidence in the company's future [3] - Currently, Carvana's stock is priced at approximately $416.98, reflecting a 3.96% increase, with a yearly high of $486.89 and a low of $148.25, demonstrating significant volatility [4][6] Market Capitalization and Trading Volume - Carvana's market capitalization is approximately $90.4 billion, with a trading volume of 1,527,499 shares [5][6]

Group 1 - Aramis Group conducted share buybacks from January 19 to January 23, 2026, totaling 10,681 shares at a daily weighted average purchase price of €4.6802 [2] - The daily transactions included purchases of 2,144 shares on January 19, 2,142 shares on January 20, 2,127 shares on January 21, 2,128 shares on January 22, and 2,140 shares on January 23 [2] - The share buybacks were authorized by the General Assembly on February 4, 2025, in accordance with regulations related to share repurchases [2] Group 2 - Aramis Group is a leading European B2C online used car sales company, operating in six countries and generating annual revenues exceeding €2.3 billion [3] - The company has sold over 119,000 vehicles B2C and attracts nearly 70 million visitors to its digital platforms each year [3] - Founded in 2001, Aramis Group employs more than 2,400 people and operates nine industrial-scale refurbishing centers across Europe [3]

Group 1 - Aramis Group conducted share buybacks from January 12 to January 16, 2026, totaling 7,568 shares purchased at a daily weighted average price of €4.7373 [2] - The daily transactions included purchases of 1,035 shares on January 12, 2,120 shares on January 13, 2,131 shares on January 14, 1,052 shares on January 15, and 1,230 shares on January 16 [2] - The company operates under the authorizations granted by the General Assembly on February 4, 2025, for share buybacks [2] Group 2 - Aramis Group is a leading European B2C online used car sales company, operating in six countries with annual revenues exceeding €2.3 billion [3] - The company has sold over 119,000 vehicles B2C and attracts nearly 70 million visitors to its digital platforms annually [3] - Founded in 2001, Aramis Group focuses on sustainable mobility and the circular economy, employing over 2,400 people and operating nine refurbishing centers across Europe [3]

Group 1 - The Aramis Group will hold a Combined General Meeting (Ordinary and Extraordinary) on February 3, 2026, at 2:00 p.m. CET at its registered office in Arcueil, France [2][3]. - The meeting notice, including the agenda and draft resolutions, was published in the Bulletin des Annonces Légales Obligatoires (BALO) on December 22, 2025, and will be further advertised in Les Echos on January 15, 2026 [3]. - Shareholders can access documents related to the Combined General Meeting on the Aramis Group website, specifically under the Investors section [4][5]. Group 2 - Aramis Group is a leading European company in B2C online used car sales, operating in six countries and focusing on sustainable mobility and the circular economy [7]. - The company reported full-year revenues exceeding €2.3 billion and sold over 119,000 vehicles B2C in the current year, attracting more than 70 million visitors to its digital platforms annually [7]. - Aramis Group employs over 2,500 people and operates nine industrial-scale refurbishing centers across Europe, highlighting its commitment to innovation and customer satisfaction [7].