Why CarMax Plunged in September

Key Points CarMax had a disappointing second quarter, with revenue and earnings declines. Management pointed to cost-cutting and marketing efforts aimed at mitigating a challenging economic environment. The stock looks cheap, at least on the surface. 10 stocks we like better than CarMax › Shares of used car giant CarMax (NYSE: KMX) plunged 26.9% in September, according to data from S&P Global Market Intelligence, drastically underperforming an otherwise positive month for the markets. Not only i ...