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.
Also read: Steve Wynn won't get a severance package