Carmax Returns to the Bargain Basement: Buy the Dip?

Key PointsCarMax struggled in Q4 and revised its long-term target, sending shares down into the buying zone. The market is range-bound after falling 50% from its highs and is unlikely to set new lows. The share price may wallow now, but the long-term outlook includes a leveraged recovery due to increased store count and market share gains. 5 stocks we like better than CarMaxCarMax, Inc. NYSE: KMX shares are down a solid 10% following a weak Q4 earrings report and a revision in the long-term guidance. The co ...