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 $11 Billion.
CarMax, the nation's largest retailer of used cars, revolutionized the automotive retail industry by driving integrity, honesty and transparency in every interaction. The company offers a truly personalized experience with the option for customers to do as much, or as little, online and in-store as they want. CarMax also provides a variety of vehicle delivery methods, including home delivery, contactless curbside pickup and appointments in its stores.
Headlines
Moving - Stocks making the biggest moves premarket: Apple, CarMax, Bed Bath & Beyond and more
Business Mag 09-29-22
CarMax Stock Drops on Enormous Earnings Miss
Barron''s 09-29-22
Stocks making the biggest moves premarket: Apple, CarMax, Bed Bath & Beyond and more
CNBC 09-29-22
CarMax (NYSE: KMX) Plunges After Disappointing Q2 Results
TipRanks 09-29-22
CarMax slides after earnings misfire
Seeking Alpha 09-29-22
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:heronymou5 - 4 upvotes -
sourcewho bought kmx puts? congrats u asshole
nextgeninventor - 2 upvotes -
sourcewtf is kmx going up after missing 43%
Excellent_Eggplant87 - 2 upvotes -
sourceKmx is such a POS company 
dcgkny - 1 upvotes -
sourceKMX calls or puts for ER?
BarryMacoknher - 1 upvotes -
source$KMX
LemmeAFiver - 0 upvotes -
source12 million regards. And not A SINGLE FUCKING DD THREAD ON KMX!!!