Carmax Roll with Record Results in Q3
CarMax, Inc. (NYSE:KMX) has reported record results for the third quarter ended November 30, 2014, with net sales and operating revenues increasing 15.8% to $3.41 billion.
Other highlights include:
- Used unit sales in comparable stores increased 7.4%.
- Total used unit sales rose 14.0%.
- Total wholesale unit sales increased 10.0%.
- CarMax Auto Finance (CAF) income increased 6.9% to $89.7 million.
- Net earnings grew 22.2% to $130.0 million.
- Net earnings per diluted share rose 27.7% to $0.60.
“We had another great quarter,” said Tom Folliard, president and chief executive officer. “Continued strong performance in our used, wholesale and CAF operations, along with the growth of our store base and our ongoing share repurchase program contributed to our record third quarter earnings per share.”
Category: Featured, General Update, Vehicles
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