— Shares of the used car dealership dropped more than 5% after CarMax reported a drop in sales for its fiscal fourth quarter.
CarMax reported 44 cents in earnings per share on $5.72 billion of revenue. Analysts surveyed by Refinitiv were looking for 24 cents per share on $6.04 billion of revenue. Unit sales were down 15.5% year over year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks making the biggest moves premarket: Shopify, Global Payments, MongoDB and moreMongo DB's stock after Morgan Stanley upgraded the software company to overweight, citing its leadership in cloud optimization initiatives. Short sell BUD
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves midday: Micron, Pioneer Natural Resources, Block, AMC and moreMicron's shares popped after its rival announced plans to cut memory chip production near term—a move analysts said could lead to a chipmaking sector rebound.
Source: CNBC - 🏆 12. / 72 Read more »