CarMax: Fiscal Q1 Earnings Snapshot

RICHMOND, Va. (AP) _ CarMax Inc. (KMX) on Friday reported fiscal first-quarter earnings of $252.3 million.

The Richmond, Virginia-based company said it had profit of $1.56 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.51 per share.

The used car dealership chain posted revenue of $9.31 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks...

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RICHMOND, Va. (AP) _ CarMax Inc. (KMX) on Friday reported fiscal first-quarter earnings of $252.3 million.

The Richmond, Virginia-based company said it had profit of $1.56 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.51 per share.

The used car dealership chain posted revenue of $9.31 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $9.38 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KMX at https://www.zacks.com/ap/KMX

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