Traders Heavily Sold Down These 10 Stocks on Thursday

2. CarMax Inc. (NYSE:KMX)

CarMax Inc. tumbled by 17 percent on Thursday to finish at $66.45 each over a number of negative catalysts that dampened investor sentiment, missed analyst estimates, and nixed forecasts on long-term growth.

On Thursday, KMX said that it removed the timelines for its long-term targets “given the potential impact of macroeconomic factors.”

KMX President and CEO Bill Nash, however, clarified that the withdrawal of long-term targets does not mean that the outlook has turned bearish.

“It definitely wasn’t pessimistic,” he noted.

During the fourth quarter of fiscal year 2025, KMX reported earnings per share of $0.58, falling short of the $0.65 as forecast by analysts.

Revenues, on the other hand, grew 7 percent to $6 billion, while digital sales jumped 25 percent year-on-year.

For 2026, KMX said it would continue to expand stores and reconditioning centers into new locations.