Why CarMax Stock Rebounded on Thursday
In one of the more significant gear shifts on the stock market Thursday, CarMax (NYSE: KMX) roared to a 13% gain after sputtering to a 9% loss the previous trading session. The auto retailer's equity benefited from several positive post-earnings analyst notes; among these was a recommendation upgrade.
CarMax published its first quarter of fiscal 2027 results on Wednesday morning, and investors reacted negatively, despite convincing top- and bottom-line beats.
Image source: Getty Images.
Source Fool.com
