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CarMax Stock Drops. Things Aren’t Improving Anymore.

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Stock in auto dealer CarMax is dropping after its fiscal second quarter earnings disappointed investors.

The company reported $1.72 in per-share earnings from $8 billion in sales. Wall Street was looking for earnings of $1.87 a share from $6.9 billion in sales.

Sales were great, but profit margins weren’t as strong as expected. CarMax reported…


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