CarMax (KMX) shares plummeted 20% due to disappointing Q2 financials, falling short of analysts’ expectations. Revenue declined by 6% year-over-year, with the stock down 50% from its year-to-date high. Despite challenges, the company announced a $150 million cost-cutting initiative and strong unit margins, making shares attractive for long-term investors.

CarMax stock offers potential value at 15x earnings, with an oversold RSI at 20.24. Investors could see post-earnings weakness as an opportunity, considering the company’s digital transformation success and strong balance sheet. Wall Street maintains a bullish outlook on KMX for the next 12 months, making now an attractive entry point for patient investors.

Read more at Yahoo Finance: Should You Buy the Plunge Today in CarMax Stock?