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Benzinga
Benzinga
Business
Adam Eckert

UNBELIEVABLE: Why carmax shares are trading lower | History Defined

CarMax Inc (NYSE:KMX) shares are trading lower Tuesday morning after the company reported worse-than-expected earnings results. 

CarMax said fourth-quarter revenue increased 48.8% year-over-year to $7.7 billion, which beat the $7.5 billion estimate. The company reported quarterly earnings of 98 cents per share, which came in below the estimate of $1.25 per share. 

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