CarMax: Fiscal 2Q Earnings Snapshot
RICHMOND, Va. (AP) _ CarMax Inc. (KMX) on Wednesday reported fiscal second-quarter profit of $220.9 million.
On a per-share basis, the Richmond, Virginia-based company said it had profit of $1.24.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The used car dealership chain posted revenue of $4.77 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $4.71 billion.
CarMax shares have risen 18 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 9 percent. The stock has increased 2 percent in the last 12 months.