CarMax Reports Increased Sales, Revenue

By Staff Writer September 30, 2019

CarMax, Inc. reported increased sales and net income for the second quarter ended Aug. 31.

During the quarter, net sales and operating revenues increased 9.1 percent, to $5.20 billion; used unit sales in comparable stores increased 3.2 percent; total used unit sales rose 6.2 percent; total wholesale unit sales increased 4.7 percent; CarMax Auto Finance (CAF) income increased 4.1 percent to $114.1 million; and net earnings increased 5.8 percent to $233.6 million.

Net earnings per diluted share increased 12.9 percent, to $1.40.

The company also reported its omni-channel experience remains on track to be available to the majority of customers by the end of fiscal 2020.

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Last modified on Monday, 30 September 2019 21:07