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UPDATE: CarMax Q3 Profit Surges 15%

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CarMax (NYSE: KMX) reported a 15% rise in its third-quarter profit.

CarMax's quarterly profit surged to $94.7 million, or $0.41 per share, versus $82.1 million, or $0.36 per share, in the year-earlier period.

Its revenue climbed to $2.6 billion from $2.26 billion. However, analysts were expecting earnings of $0.39 per share on sales of $2.47 billion.

CarMax shares closed at $34.84 yesterday.

Posted-In: profitEarnings News

 

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