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CarMax, Inc. (KMX) Faces Investor Scrutiny After Unexpected $142 Million Loss Provision Sends Shares Tumbling -- Hagens Berman
SAN FRANCISCO , Oct. 14, 2025 /PRNewswire/ -- 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.