Carmax quarterly earnings increase

Newswire

DETROIT, March 30 (Reuters) - CarMax Inc. , the largest U.S. retailer of used cars, on Thursday said quarterly earnings rose, boosted by higher wholesale sales. The company earned $40.4 million, or 38 cents per share, in the fourth quarter ended on Feb. 28, compared with $29.7 million, or 28 cents a year ago. Wall Street analysts on average had expected profit of 38 cents per share, according to Reuters Estimates.

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