These Analysts Cut Their Forecasts On CarMax After Downbeat Q2 Results
1. CarMax's Q2 earnings per share were 64 cents, missing estimates by 45 cents. 2. Quarterly sales dropped 6% to $6.594 billion, lower than expected. 3. Total vehicles purchased decreased by 2.4% compared to the previous quarter. 4. Analysts have lowered price targets significantly following the earnings announcement. 5. Market reaction led to a decline in CarMax's shares by 0.4%.