Over 1 Year Ago
1 Min Read

Max Pain for KMX shareholders, stock trading -20%. A look at what's happening:



Shares of Carmax Inc (KMX) are trading -20% lower at a price of $69.17 at the time of this writing. 

  • CarMax earnings were lower than expected
  • Combined retail and wholesale used vehicle unit sales were down 10.3% year-over-year to 376,616

Carmax Inc has been trading between a 52-week high of $155.98 and a 52-week low of $69.17. The stock has a market cap of $11 Billion.

CarMax, the nation's largest retailer of used cars, revolutionized the automotive retail industry by driving integrity, honesty and transparency in every interaction. The company offers a truly personalized experience with the option for customers to do as much, or as little, online and in-store as they want. CarMax also provides a variety of vehicle delivery methods, including home delivery, contactless curbside pickup and appointments in its stores.

Headlines


Moving - Stocks making the biggest moves premarket: Apple, CarMax, Bed Bath & Beyond and more
Business Mag 09-29-22

CarMax Stock Drops on Enormous Earnings Miss
Barron''s 09-29-22

Stocks making the biggest moves premarket: Apple, CarMax, Bed Bath & Beyond and more
CNBC 09-29-22

CarMax (NYSE: KMX) Plunges After Disappointing Q2 Results
TipRanks 09-29-22

CarMax slides after earnings misfire
Seeking Alpha 09-29-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

heronymou5 - 4 upvotes - source
who bought kmx puts? congrats u asshole

nextgeninventor - 2 upvotes - source
wtf is kmx going up after missing 43%

Excellent_Eggplant87 - 2 upvotes - source
Kmx is such a POS company ![img](emote|t5_2th52|4641)![img](emote|t5_2th52|4641)

dcgkny - 1 upvotes - source
KMX calls or puts for ER?

BarryMacoknher - 1 upvotes - source
$KMX

LemmeAFiver - 0 upvotes - source
12 million regards. And not A SINGLE FUCKING DD THREAD ON KMX!!!