RICHMOND, Va. (AP) _ CarMax Inc. (KMX) on Friday reported fiscal second-quarter profit of $181.4 million.
The Richmond, Virginia-based company said it had profit of 98 cents per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share.
The used car dealership chain posted revenue of $4.39 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $4.27 billion.
CarMax shares have risen almost 7 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 12 percent. The stock has increased 26 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KMX at https://www.zacks.com/ap/KMX
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Keywords: CarMax, Earnings Report
