RICHMOND, Va. (AP) — RICHMOND, Va. (AP) — CarMax Inc. (KMX) on Thursday reported fiscal third-quarter profit of $82 million.
On a per-share basis, the Richmond, Virginia-based company said it had profit of 52 cents.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.
The used car dealership chain posted revenue of $6.15 billion in the period, missing Street forecasts. Eight analysts surveyed by Zacks expected $6.28 billion.
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