DETROIT, Dec 17 (Reuters) - Auto retailer CarMax Inc. on Friday posted lower quarterly profit as new car sales declined.
The Richmond, Virginia-based company, which sells mostly used cars, said net earnings for the third quarter fell to $18 million, or 17 cents a share, from $19.1 million, or 18 cents a share, a year earlier.
Wall Street analysts had expected 17 cents a share, according to Reuters Estimates.