UPDATE: CarMax Q3 Profit Surges 15%
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.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.