CarMax beats Street 4Q forecasts

April 2, 2015 1:22 PM

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CarMax Inc. on Thursday reported that its fiscal fourth-quarter profit jumped, topping Wall Street expectations, as more consumers purchased used vehicles.

The Richmond-Virginia-based company earned $143.1 million, or 67 cents per share, up 44.3 percent versus a year ago. Earnings, adjusted for non-recurring costs, were 69 cents per share. Meanwhile, revenue rose 14.2 percent to $3.51 billion.

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