IDOM's share price plunged and hit a new year-to-date low. The stock started trading at a sell-only indicative quote as the market reacted negatively to the previous day's downward revision to the earnings outlook and the review of shareholder benefits.
IDOM, a major used-car retailer, started at a sell-only indicative quote and hit a new year-to-date low.
The downward revisions to the earnings and dividend forecasts for the fiscal year ending February 2027, reported after the close the previous day, became a factor weighing on the share price.
Information was also reported at the same time that a review of shareholder benefits is under consideration.