CarMax Falls 9% on Concerns of Struggling Used Car Market: Is it Time to Cut Losses on This Stock?

By |2023-12-07T19:50:16+00:00September 28th, 2023|Categories: Feature: Stock Market Investing, Featured: News, Hot Stocks|Tags: , , , , , , |

CarMax (KMX) reported fiscal second-quarter earnings that narrowly exceeded analyst expectations but spoke to a more grave concern of the used car market in general. The stock has fallen more than 9% in Thursday’s trading session as a result. Sales dropped from $8.145 billion this time last year to just $7.074 billion for the [...]