Financial Wire

Update: CarMax Shares Decline Amid Lower Fiscal Q4 Adjusted Earnings, Revenue

-- (Updates to include CarMax's recent stock movement in the headline and first paragraph.)

CarMax (KMX) shares were down more than 13% in early Tuesday trading after the company posted lower fiscal Q4 adjusted earnings and net sales.

The company reported fiscal Q4 adjusted earnings of $0.34 per diluted share, down from $0.64 a year earlier.

Analysts polled by FactSet expected $0.23.

Net sales and operating revenue for the quarter ended Feb. 28 was $5.95 billion, compared with $6.00 billion a year earlier.

Analysts surveyed by FactSet expected $5.72 billion.

Price: $42.44, Change: $-6.62, Percent Change: -13.49%

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