CarMax Stock Stalls on Q2 Earnings Setback

Shares of CarMax Inc (NYSE:KMX) were last seen in a 22.2% hole, trading at $44.37 after missing fiscal second-quarter expectations, reporting earnings of $0.64 on revenue of $6.59 billion. The company saw declines across the board, most notably in its wholesale and used vehicle segments. Wedbush downgraded KMX from "outperform" to "neutral" in response, and slashed its price target to $54 from $84.The equity has had a rough go of late, on track to extend its losing streak to five sessions and mark one of it ...