CarMax shares shed 2 percent in Wednesday after the used-vehicles retailer's fiscal second-quarter results showed weaker-than-expected sales growth.
Comparable same-store sales of used vehicle units for the quarter grew by 3.1 percent from the same period last year, missing analysts' expectations of a 3.5 percent increase.
Revenue also missed estimates, coming in at $4 billion versus the consensus $4.11 billion estimate of analysts polled by Reuters.
CarMax reported adjusted quarterly earnings of 88 cents a share, in line with expectations.
CarMax shares one month performance:
— CNBC's Evelyn Cheng contributed to this report.