It's Thursday, September 24th.

Welcome to Market Foolery.

I'm Chris Hill joining me from the financial capital of the world.

It's Maria Gallagher.

Thanks for being here.

Thanks for having me. We've got restaurants, we've got a recent

IPO. We're going to start today with auto sales, specifically used auto sales. Carmax second quarter profits and revenue came in much higher than

expected and the last time I checked the stock it was down 12%. I was surprised by this because this was a really good quarter for Carmax and I

didn't see anything in their guidance to indicate that the next three to six

months is going to be particularly perilous.

Yeah, I was also surprised so they beat expectations,

revenue was up 3.3% to 5.37 billion, earnings were up 28%. Last quarter they had implemented cost savings.

They had furloughed 15,000 workers. The CEO, Bill Nash, reduced his salary by 50%.

They stopped new store openings, but like you said, Chris,

this quarter was really good for them.

Their sales had bounced back by around June.

We saw revenue growth.

They're hiring 750 people at their customer experience center. They're

planning to open stores again. The stock is up 21% since the beginning of the year, so I don't

know if it's more trying to temper expectations for the future, but it was a solid quarter for them.

We've certainly seen that with other companies in other industries where they come out with results. They are somewhere on the spectrum of good to great but not jaw dropping perfect.

And we see a little bit of a sell-off just because year-to-date the stock is doing well.

...