CarMax Enters our Imploded Stocks. Used-Car Dealers Face Reckoning after Jacking Up Prices by 55% in 2 Years

Shares of used-vehicle dealer CarMax plunged by 24% today, to $30.88 at the close, the lowest since October 2012, and down by 80% from the crazy free-money peak of $154.85 in November 2021, after the company issued a revenue and earnings warning for the current quarter, including a unit sales decline of 8%...