CarMax: Fiscal 3Q Earnings Snapshot

RICHMOND, Va. (AP) _ CarMax Inc. (KMX) on Tuesday reported fiscal third-quarter earnings of $235.3 million.

On a per-share basis, the Richmond, Virginia-based company said it had net income of $1.42.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.

The used car dealership chain posted revenue of $5.18 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $4.98 billion.

CarMax shares have climbed 15% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 14%. The stock has risen roughly 2% in the last 12 months.