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The used vehicle retailer underwhelmed with its latest quarterly update.
CarMax's recent earnings highlight both challenges and strategic opportunities within a dynamic used car industry.
The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +0.74%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.65%. Stock indexes...
Stocks that traded heavily or had substantial price changes on Thursday: Fastenal, CarMax fall; Alpine Immune Sciences, Arvinas rise
Shares of the used car dealer fell after a disappointing earnings report and a delay in hitting a sales target.
KMX earnings call for the period ending March 31, 2024.
Why CarMax (KMX) Shares Are Trading Lower Today
CarMax (NYSE:KMX) Reports Sales Below Analyst Estimates In Q1 Earnings, Stock Drops 12.6%