Is Carmax a Buy After Its Latest Earnings Report?
The stock has tumbled, but things are looking up.
Overview
Yesterday morning, before the market opened, CarMax (NYSE:KMX) reported impressive Q2 earnings, with revenue up 19.5% year-over-year (YOY) and earnings per share up a jaw-dropping 81.2%.
So it was unsurprising that the company's shares were up 4.7% yesterday. But today, the market suddenly seemed to sour on CarMax. Shares plummeted throughout the day, dropping 7% to close at $55.09, below its pre-earnings price.
Details
What on earth happened? Is the company a buy at this price after its earnings report? Here's what investors need to know.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.