CarMax Reports First Quarter Results

RICHMOND, Va.–(BUSINESS WIRE)–CarMax, Inc. (NYSE:KMX) today reported results for the first quarter ended May 31, 2018. Year-over-year highlights include: Net sales and operating revenues increased 5.5% to $4.79 billion. Used unit sales in comparable stores declined 2.3%. Total used unit sales rose 1.6%. Total wholesale unit sales increased 9.6%. CarMax Auto Finance (CAF) income increased 5.7% to $115.6 million. Net earnings increased 12.7% to $238.7 million and net earnings per diluted share

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