Auto retailer CarMax says quarterly profit flat

Newswire

DETROIT, March 31 (Reuters) - Auto retailer CarMax Inc. on Monday said its fourth-quarter net earnings were essentially flat over a year ago despite higher sales. CarMax said it earned $19.1 million, or 18 cents per share in the quarter ended Feb. 28, vs. $18.4 million or 18 cents per share in the previous fourth quarter. Excluding one-time items, the Richmond, Virgina-based retailer said its earnings were also 18 cents per share. CarMax trimmed its profit outlook for the quarter ...

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