CarMax Profit Holds the Line
Friday, June 18, 2004; Page E05
CarMax Inc. said disappointing sales of individual used cars in the first quarter of its fiscal year were partially offset by higher-than-expected wholesale sales.
The Richmond chain of car dealerships said profits for the three months ended May 31 were flat at $35.3 million. Earnings per share decreased to 33 cents from 34 cents in the same quarter a year earlier.
Revenue rose 12.8 percent to $1.32 billion from 1.17 billion.
© 2004 The Washington Post Company
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_____Earnings Watch_____
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