Earnings summaries and quarterly performance for Morgan Stanley China A Share Fund.
Executive leadership at Morgan Stanley China A Share Fund.
Board of directors at Morgan Stanley China A Share Fund.
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Recent press releases and 8-K filings for CAF.
CarMax (KMX) Shares Decline Following Q2 2026 Results and Loan Loss Provision Surge
CAF
Earnings
Legal Proceedings
Profit Warning
- CarMax, Inc. (KMX) shares plummeted nearly 20% on September 25, 2025, after the release of its second-quarter 2026 financial results.
- The decline was primarily attributed to a $142 million loan loss provision within its CarMax Auto Finance (CAF) segment, representing a sequential increase of nearly 40% and a year-over-year jump of approximately 24%.
- This elevated provision contradicted management's prior assurance during the Q1 2025 earnings call on June 20, 2025, that the $101.7 million provision in Q1 would likely be the "high watermark" for the year.
- National shareholders rights firm Hagens Berman has initiated an investigation into whether CarMax may have misled investors about the quality of CAF's loan portfolio.
Oct 16, 2025, 5:09 PM
CarMax Faces Investor Scrutiny After Loan Loss Provision Surge
CAF
Earnings
Legal Proceedings
Demand Weakening
- CarMax, Inc. (KMX) shares plummeted nearly 20% on September 25, 2025, following the release of its second-quarter 2026 financial results, driven by a significant increase in the provision for loan losses.
- The company reported a $142 million loan loss provision in Q2 2026, marking a sequential increase of nearly 40% and a year-over-year jump of approximately 24%.
- This surge contradicted management's previous assurance during the Q1 2025 earnings call that the first quarter's provision would likely be the "high watermark" for the year.
- Hagens Berman has initiated an investigation into whether CarMax may have misled investors about the quality of its CarMax Auto Finance (CAF) loan portfolio.
Oct 7, 2025, 8:52 PM
Quarterly earnings call transcripts for Morgan Stanley China A Share Fund.
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