CarMax posts stronger fourth-quarter earnings

Newswire

DETROIT, March 30 (Reuters) - Auto retailer CarMax Inc. on Tuesday reported an 18 percent rise in its quarterly net earnings, driven by strong vehicle sales. The Richmond, Virginia-based company said net income in the fiscal fourth quarter that ended Feb. 29 rose to $22.5 million, or 21 cents per share, compared with a profit of $19.1 million, or 18 cents a share, in the year-ago quarter. Wall Street analysts on average had expected earnings of 21 cents per share according to Reuters ...

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