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CarMax shares fall 2 percent on weaker-than-forecast sales growth

Customers shop for used vehicles at a CarMax dealership in Lexington, Kentucky.
Luke Sharrett | Bloomberg | Getty Images

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.