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Why CarMax Plunged in September

TheMotleyFool

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Shares of used car giant CarMax (NYSE: KMX) plunged 26.9% in September, according to data from S&P Global Market Intelligence, drastically underperforming an otherwise positive month for the markets.

Not only is CarMax not a part of the AI tech stock cohort that saw massive interest in September, but the company also reported earnings during the month, which fell well short of expectations.

Image source: Getty Images.

Source Fool.com

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