Why CarMax Stock Dropped 11.7% This Week
KMXCarMax(KMX) The Motley Fool·2024-04-12 23:26

The used vehicle retailer underwhelmed with its latest quarterly update. Shares of CarMax (KMX -0.42%) are down 11.7% this week as of Thursday's close, according to data provided by S&P Global Market Intelligence, after the used vehicle retailer announced disappointing quarterly results and delayed a key long-term vehicle sales target. On CarMax's underwhelming quarter For CarMax's fiscal fourth quarter ended Feb. 29, revenue declined 1.7% year over year to $5.63 billion. On the bottom line, that translated ...