CarMax Stock Hits 52-Week Low After Q2 Earnings
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 $1.09. Quarterly sales of $6.594…