CarMax(US:KMX) Zhi Tong Cai Jing·2025-09-25 15:11Core Viewpoint - CarMax (KMX.US) experienced a significant decline of over 22%, reaching a five-year low of $44.37, following disappointing financial results for Q2 of fiscal year 2026 [1] Financial Performance - The diluted earnings per share for Q2 were reported at $0.64, down from $0.85 a year ago, and below the analyst expectation of $1.01 according to FactSet [1] - Total net sales and revenue amounted to $6.59 billion, a decrease from $7.01 billion year-over-year, also falling short of the $7.01 billion forecast by analysts [1] Analyst Sentiment - Wedbush's report indicated that CarMax's poor Q2 performance heightened investor concerns regarding the company's ability to maintain market leadership and drive further growth [1] - The stock rating for CarMax was downgraded from "Outperform" to "Neutral," with the target price reduced from $84 to $54 [1]