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To my unproffesional eye that looks like hydrostolic(?) pressure from soil compaction on the outside, and it looks new and not too bad.
A little weeping tile and grading around the perimeter should do the trick, or credit the buyer in the sale price.
I saw a whole wall of a cinder-block foundation pushed in almost a foot once while looking at a house. The cheese-heads had tried spackling and painting(with latex no less) the ugly thing so it would go away.
Little did they know that known and undisclosed damage can come back to bite them in the butt with warentee deeds.
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Meanwhile other things are still happening.
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