Why CarMax Shares Are Trading Higher By Around 8%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
Portfolio Pulse from Avi Kapoor
CarMax, Inc. (NYSE:KMX) shares rose by approximately 8% following its quarterly earnings report, which showed an EPS of $0.52, surpassing the consensus estimate of $0.44, despite a 5.5% year-on-year sales decline. Other stocks experienced significant movements in Thursday's mid-day session, with various companies reporting investments, acquisitions, and regulatory updates that influenced their stock prices.

December 21, 2023 | 6:01 pm
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CarMax reported a Q3 sales decline but exceeded EPS estimates, leading to a 7.7% increase in its stock price.
CarMax's stock price increase is directly related to its earnings surpassing expectations, which can be a strong driver of positive investor sentiment in the short term.
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