CarMax shares plummeted over 20% after missing Wall Street’s earnings and revenue expectations. The company reported earnings per share of 99 cents and revenue of $6.6 billion, down 6% from the previous year. CEO Bill Nash described the second fiscal quarter as “challenging,” with sales and net income also down.

Other car retailers saw their shares drop following CarMax’s disappointing results. Group 1 Automotive, Penske Automotive Group, Sonic Automotive, and Lithia Motors were down roughly 2% or less. AutoNation’s stock fell around 4%, as did Carvana’s stock. Investors are closely monitoring the industry’s performance.

Read more at CNBC: CarMax stock plummets after missed Wall Street’s expectations