Tags: car | sales | CarMax | revenue

CarMax Revenue Rises 9 Percent on Higher Used Car Sales

Friday, 04 Apr 2014 07:31 AM

CarMax Inc., the largest retailer of used cars in the United States, reported a 9 percent jump in quarterly revenue as easier availability of credit helped more Americans buy cars.

The company's revenue rose to $3.08 billion in the fourth quarter ended Feb. 28, from $2.83 billion a year earlier.

CarMax's net income fell to $99.2 million, or 44 cents per share, in the quarter, from $107.2 million, or 46 cents per share, a year earlier.

CarMax, which also sells new cars, said used cars sold in the quarter rose 12 percent to 132,856 vehicles.

© 2017 Thomson/Reuters. All rights reserved.

   
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CarMax Inc., the largest retailer of used cars in the United States, reported a 9 percent jump in quarterly revenue as easier availability of credit helped more Americans buy cars.
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2014-31-04
Friday, 04 Apr 2014 07:31 AM
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