Stock market anomaly | Q2 performance falls short of expectations, CarMax (KMX.US) plummets over 22%

According to the Securities Times APP, on Thursday, CarMax (KMX.US) plummeted more than 22%, hitting a 5-year low at $44.37. On the news front, the company reported diluted earnings per share of $0.64 for the second quarter of fiscal year 2026, lower than the $0.85 from a year ago. Analysts surveyed by FactSet had expected $1.01. Total net sales and revenue were $6.59 billion, down from $7.01 billion a year ago, which was in line with analysts' expectations from FactSet.