December 20, 2012 / 12:45 PM / 5 years ago

CarMax profit rises on higher retail sales

1 Min Read

Dec 20 (Reuters) - CarMax Inc, the largest used car retailer in the United States, reported a higher quarterly profit as it sold more to its retail customers.

Net income rose to $94.7 million, or 41 cents per share, in the third quarter from $82.1 million, or 36 cents per share, a year earlier.

Used vehicle sales to retail customers jumped 17 percent. Total sales rose 15 percent to $2.60 billion.

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