Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why CarMax Stock Crashed Today

TheMotleyFool

0 0

CarMax (NYSE: KMX) turned into a one-car pileup Thursday, falling 19.7% through 2:15 p.m. ET after reporting worse-than-expected earnings for its fiscal second quarter, ended Aug. 31.

Heading into the report, analysts forecast a strong quarter for the used car dealer, with earnings of $1.03 per share on $7 billion in sales. Instead, CarMax's profit was only $0.64 per share, and sales were only $6.6 billion.

Image source: Getty Images.

Source Fool.com

Like: 0

KMX

Share