Read more
3:20 PM · 24 September 2020

CarMax tumbled despite solid earnings report

-
-
Open account Download free app

CarMax Inc (KMX.US), the nation’s largest retailer of used cars, plunged over 10% today in spite of the fact that the company’s results managed to beat market expectations. In the fiscal-second-quarter the firm’s earnings jumped 28% to $1.79 a share while analysts polled by FactSet expected a profit of $1.10 a share. Revenue rose 3.3% to $5.37 billion from $5.2 billion (vs expected: $5.2 billion). The company stated that positive comparable sales in July and August "more than offset" the high-single-digit negative comparisons from June when the coronavirus pandemic and lockdown were more severe. Moreover, CarMax completed the rollout of its omnichannel offerings, enabling customers to shop online and in person which might be of great importance in the months to come. 

CarMax (KMX.US) surprisingly opened with a huge bearish gap despite better-than-expected earnings. The stock has been getting closer to the 78.6% Fibo retracement of the February-March drop. The $85.50 area may be viewed as key support level. Source: xStation5.

6 February 2026, 2:09 PM

Kongsberg Gruppen after earnings: The company catches up with the sector

6 February 2026, 1:20 PM

Market wrap: European indices attempt a rebound after Wall Street’s record selloff 🔨

6 February 2026, 6:56 AM

Morning wrap: Tech sector sell-off (06.02.2026)

5 February 2026, 9:38 PM

Amazon shares tumble 10% as investors recoil at the price of AI dominance

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits