CarMax falls as quarterly profit, revenue dip

Shares of used-car retailer CarMax KMX.N fall nearly 8.2% to about $37.7 premarket

KMX reports drop in Q3 revenue and profit, hurt by weaker demand and falling prices of used vehicles in the U.S.

Posts Q3 earnings per diluted share of 43 cents, versus 81 cents a year ago

Reports Q3 revenue of $5.79 bln, compared with $6.22 bln a year ago

On track to cut at least $150 mln in selling, general and administrative costs by end of FY27 - KMX

As of last close, shares down 49.8% YTD