UPDATE: CarMax Posts Downbeat Q3 Profit
CarMax (NYSE: KMX) reported a gain in its third-quarter profit.
CarMax's quarterly profit surged to $106.5 million, or $0.47 per share, versus $94.7 million, or $0.41 per share, in the year-ago period.
Its revenue climbed to $2.9 billion from $2.6 billion. However, analysts were projecting earnings of $0.48 per share on revenue of $2.9 billion.
CarMax shares closed at $53.05 yesterday.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.