CarMax
‘s stock fell sharply early Thursday after the used car retailer paused share buybacks and missed estimates for third-quarter profit and revenue.
The company delivered 24 cents per share in earnings for the quarter ending Nov.30. The consensus among analysts tracked by
FactSet
was for 65 cents per share. Revenue of $6.51 billion, down nearly 24% from a year ago, also missed expectations of $7.16 billion.