Why is CarMax (KMX) stock down today?
Apr 12, 2022 · KMX's used car sales dropped. CarMax (NYSE: KMX) stock is slipping on Tuesday after the company released its earnings report for the fourth quarter of fiscal 2022. The bad news for KMX stock ...
Is CarMax’s stock outperforming the S&P 500 over the last month?
May 13, 2022 · During the fiscal fourth quarter, CarMax bought back 0.9 million shares of common stock for $101.7 million under the share repurchase program. As of Feb 28, 2022, it had $774.5 million remaining ...
How much stock did CarMax buy back in Q4?
May 13, 2022 · CarMax Auto Finance witnessed a 3% year-over-year uptick in income to $193.8 million for the February-end quarter.Other TidbitsSelling, general and administrative expenses flared up 22.5% from the ...
How did wholesale vehicle revenues skyrocket in Q4?
Sep 30, 2021 · Stock in auto dealer CarMax is dropping after its fiscal second quarter earnings disappointed investors. The company reported $1.72 in …
Why is CarMax shares falling?
Is CarMax a good stock to buy?
Is CarMax stock overvalued?
Does CarMax pay a dividend?
Is KMX buy or sell?
Does CarMax operate in Canada?
Why is CarMax better than Carvana?
Why is Carvana worth more than CarMax?
Is Lotz a buy?
Is CarMax privately owned?
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CarMax.
| Type | Public |
|---|---|
| Website | carmax.com |
What was CarMax before?
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Are used cars suddenly out of fashion?
What happened
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
So what
CarMax ( NYSE:KMX) -- like most stocks -- collapsed in Monday trading, falling 11.5% by the closing bell.
Now what
Believe it or not, there doesn't appear to have been any other reason than the coronavirus -- although perhaps that reason is big enough all on its own.
The second quarter shows a strong rebound from the initial coronavirus-driven downturn
The stock market is reacting to the scale of this health crisis by selling stocks en masse. The fact that CarMax per se didn't report any particularly bad news of its own today isn't saving it from being thrown out with all the other bathwater.
What happened
As a Motley Fool Industrial Specialist, I use my marketing and business background in the automotive industry to evaluate major automakers and other large industrial corporations. Follow me on twitter for tweets about stocks, cars, sports, and anything I find amusing. Follow @DanielMillerTMF
So what
Shares of CarMax ( NYSE:KMX), the nation's largest retailer of used cars, dropped over 13% during early Thursday trading despite the auto retailer delivering second-quarter 2021 results that topped analysts' estimates on the top and bottom lines.
Now what
After the initial automotive sales downturn caused by the spread of COVID-19 and social distancing, CarMax's second quarter showed strong momentum during the summer months. Net sales and operating revenue increased 3.3% to $5.37 billion versus the prior year, which topped analysts' estimates of $5.22 billion.
