KMX

There’s no two ways about it, there wasn’t much to like about CarMax’s (KMX) latest quarterly results. Investors voiced their displeasure, sending shares down by 25% in the subsequent session as the company failed to meet expectations on both the top-and bottom-line in fiscal 2023’s second quarter. The auto retailer delivered revenue of $8.14 billion, amounting to a 1.9% year-over-year increase yet missing the consensus estimate by $410 million. EPS clocked in at $0.79, declining from $1.72 in the same period a year ago and some distance below Street expectations of $1.39. Used car unit comps declined by 8.
https://www.tipranks.com/news/article/carmax-stock-sell-off-is-a-buying-opportunity-says-oppenheimer?utm_source=advfn.com&utm_medium=referral