CarMax Q2 Earnings Plummet as Used Car Sales Slump Amid Affordability Challenges

CarMax stock tumbles in premarket trading after 13% revenue decline in Q2
Revenue fell to $8.1 billion from $9.3 billion a year earlier
Net earnings per share down nearly 50% to 79 cents
Same-store used unit sales fell 8.3% amid "affordability challenges" for buyers
Company says macroeconomic conditions remain uncertain

barrons.com

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