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.
