CarMax Inc. (KMX) reported second quarter EPS of $0.70 Tuesday morning, up from $0.62 in the prior year period. Analysts expected EPS of $0.67. Net sales and operating revenues increased to $3.599 billion from $3.246 billion in the prior year. Analysts expected revenues of $3.57 billion.
CarMax gapped open sharply lower Tuesday morning and is now down 3.83 at $48.98 on above average volume. The stock has dropped to nearly a 2-month low.
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