CarMax: Fiscal Q4 Earnings Snapshot

RICHMOND, Va. (AP) _ CarMax Inc. (KMX) on Thursday reported fiscal fourth-quarter earnings of $209.9 million.

On a per-share basis, the Richmond, Virginia-based company said it had net income of $1.27.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.

The used car dealership chain posted revenue of $5.16 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $5.14 billion.

For the year, the company reported profit of $746.9 million, or $4.52 per share. Revenue was reported as $18.95 billion.

CarMax shares have climbed 40% since the beginning of the year, while the S&P’s 500 index has increased almost 6%. The stock has more than doubled in the last 12 months.