CarMax Stock Hits 52-Week Low After Q2 Earnings - Here's Why - CarMax (NYSE:KMX)
CarMax Inc (NYSE: KMX) breached its 52-week low on Thursday after the firm’s second-quarter results were hit by weaker retail sales and higher loan loss provisions, leading to earnings and revenue misses.The used-car retail giant reported second-quarter earnings per share of 64 cents, missing the analyst consensus estimate of 6.594 billion (down 6% year over year) missed the Street view of $7.024 billion.Also Read: Banks Can Now Streamline Operations With Nasdaq Calypso On AWSSegme ...