Has KMX Stock Been Good for Investors?

CarMax has seriously lagged the S&P 500 for quite some time, but that doesn't make it a hard pass.Forget about being stuck in neutral: With CarMax (KMX +1.20%), the key issue is that the stock continues to go in reverse. Over the past 12 months alone, shares in the used car retailer are down roughly 56%.Worse yet, the stock has performed just as poorly over a multiyear time frame. Various factors are to blame, both industry- and company-specific. The question now, however, is whether this long streak of lac ...