CarMax Inc.’s third-quarter results exceeded Wall Street expectations on strong pricing and cost cuts, along with growth in wholesale vehicle sales.
CarMax on Thursday posted adjusted earnings per share of 52 cents, above the 42 cents analysts estimated on average and 24 cents a year ago. The Richmond, Virginia-based company’s revenue in the third quarter came to $6.15 billion, slightly less than the $6.29 billion analysts expected.
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December 21, 2023 at 07:13PM
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CarMax Tops Profit Expectations on Strong Used Car Pricing - Bloomberg
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