CarMax, Inc. (KMX) Faces Investor Scrutiny After Unexpected $142 Million Loss Provision Sends Shares Tumbling -- Hagens Berman
SAN FRANCISCO, Sept. 29, 2025 (GLOBE NEWSWIRE) -- CarMax, Inc. (NYSE: KMX) shareholders endured a sharp sell-off on September 25, 2025, with the stock plummeting nearly 20% following the release of its second-quarter 2026 financial results. The catalyst for the decline was a surprise surge in the provision for loan losses within the company’s CarMax Auto Finance (CAF) segment, its in-house financing arm. This development and severe market reaction has prompted national shareholders rights firm Hagens Berman ...