CarMax Sells a Lot of Used Cars. But the Stock Falls. – Barrons

Shares of CarMax fell Wednesday after the used car retailer posted impressive third-quarter revenue but analysts pointed to rising expenses and weakness in the company’s auto finance operations.

The stock declined 5.4% to $129.54 on Wednesday, after rising sharply in premarket trading. Shares have gained 37% in 2021.

Revenue rose nearly 65%…

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