Carmax Posts Higher Profit, Revenue
Carmax KMX -0.16%decrease; red down pointing triangle logged higher profit and sales in its fiscal first quarter as the company sold more cars, despite slightly lower prices.
The Richmond, Va., used-car retailer on Friday posted a profit of $210.4 million for its three months ended May 31, compared with a profit of $152.4 million a year earlier. Quarterly earnings came in at $1.38 a share, topping the $1.16 a share that analysts polled by FactSet expected.
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