CarMax Sells a Lot of Used Cars. But the Stock Is Falling.

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Updated Dec. 22, 2021 1:05 p.m. ET / Original Dec. 22, 2021 8:27 americium ET

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Shares of CarMax fell Wednesday after the utilized car retailer posted awesome third-quarter gross but analysts pointed to rising expenses and weakness successful the company’s car concern operations.

The banal declined 5.4% to $129.54 connected Wednesday, aft rising sharply successful premarket trading. Shares person gained 37% successful 2021.

Revenue roseate astir 65%...

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