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Why CarMax Stock Jumped on Tuesday

Why CarMax Stock Jumped on Tuesday

Shares of used car retailer CarMax (NYSE: KMX), which is the nation's largest retailer of used autos, are rising on Tuesday. The stock's gain follows the company's fiscal fourth-quarter update, which featured better-than-expected earnings per share, even as revenue fell sharply year over year. Further, the company reaffirmed its long-term vehicle unit sales and financial targets.