Reuters logo
CORRECTED-CarMax revenue rises 9 percent on higher used car sales
April 4, 2014 / 11:16 AM / in 4 years

CORRECTED-CarMax revenue rises 9 percent on higher used car sales

(Corrects paragraph 2 to add dropped word “to”)

April 4 (Reuters) - CarMax Inc, the largest retailer of used cars in the United States, reported a 9 percent jump in quarterly revenue as easier availability of credit helped more Americans buy cars.

The company’s revenue rose to $3.08 billion in the fourth quarter ended Feb. 28, from $2.83 billion a year earlier.

CarMax’s net income fell to $99.2 million, or 44 cents per share, in the quarter, from $107.2 million, or 46 cents per share, a year earlier.

CarMax, which also sells new cars, said used cars sold in the quarter rose 12 percent to 132,856 vehicles. (Reporting By Abinaya Vijayaraghavan and Mridhula Raghavan in Bangalore)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below