On September 30, CarMax fell 5.01% in regular trading, trading at 56.29 USD/share, with turnover of approximately $97.16 million. The decline came as investors locked in gains following the prior session's sharp rally, which was fueled by a blowout fiscal Q2 earnings report.

CarMax reported adjusted earnings per share of $1.16, far exceeding the FactSet consensus estimate of $0.80, while net sales and operating revenue reached $7.88 billion, up 19.5% year-over-year and well above the $7.09 billion expected. Retail used-vehicle sales grew 13.8%, signaling meaningful demand recovery. The company also announced plans to resume share repurchases at a modest level in fiscal Q3. These results drove shares up as much as 7.2% in the prior session, reaching an intraday high of $63.67.

Following the rally, concentrated profit-taking pressured the stock lower. On the analyst side, Truist raised its price target to $60 from $50 while maintaining a Hold rating. RBC Capital noted the results showed solid progress ahead of the November strategic update. Despite upbeat earnings, the average analyst rating remains Hold with a mean price target of $59.73, suggesting limited near-term upside from current levels.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)