Carmax, inc. (kmx) faces investor scrutiny after unexpected $142 million loss provision sends shares tumbling -- hagens berman

San francisco, oct. 09, 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.
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