11:40 AM EDT, 04/11/2024 (MT Newswires) -- (Updates with latest stock movement in headline and first paragraph)

CarMax ( KMX ) shares fell 13% in recent Thursday trading after the company's fiscal Q4 results trailed forecasts by analysts.

Earlier, Carmax ( KMX ) reported fiscal Q4 net earnings of $0.32 per diluted share, down from $0.44 a year earlier. Analysts polled by Capital IQ expected $0.45.

Net sales in the quarter ended Feb. 29 fell to $5.63 billion from $5.72 billion a year earlier. Analysts expected $5.81 billion.

Price: 68.84, Change: -10.46, Percent Change: -13.19