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Daily Updates

Daily Updates

CarMax Helps Drive the S&P 500 Higher

Why CarMax stock is soaring?

Shares of CarMax(KMX) soared as much as 13% on Thursday and settled close to 5.2% after the biggest U.S. used-car retailer beat earning estimates as it sold more vehicles in the wholesale market and restarted its share repurchase program.  For its fiscal third-quarter ended November 30, CarMax’s revenue declined 5.5% year-over-year to $6.15 billion, missing…

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