Why CarMax Stock Just Crashed 10%

Shares of used car superstore CarMax (NYSE: KMX) tumbled 10% through 9:35 a.m. EDT after beating on sales -- but missing on earnings -- this morning.

Analysts had forecast that CarMax would earn $1.90 per share on sales of $6.9 billion for its fiscal Q2 2022. In fact, CarMax earned only $1.72 per share despite booking $8 billion in sales.  

Image source: Getty Images.

Continue reading

Source Fool.com