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Why CarMax Stock Rebounded on Thursday

TheMotleyFool

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Why CarMax Stock Rebounded on Thursday: https://g.foolcdn.com/editorial/images/875323/happy-person-leaning-out-of-a-car-window-while-riding-at-night.jpg

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

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