CarMax Inc. Reveals Gain In Q1 Earnings

(RTTNews) - CarMax Inc. (KMX) reported earnings for its first quarter that increased from the same period last year.

The company's profit came in at $0.24 billion, or $1.33 per share. This compares with $0.21 billion, or $1.13 per share, in last year's first quarter.

Analysts had expected the company to earn $1.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.5% to $4.79 billion from $4.54 billion last year.

CarMax Inc. earnings at a glance:

-Earnings (Q1): $0.24 Bln. vs. $0.21 Bln. last year. -EPS (Q1): $1.33 vs. $1.13 last year. -Analysts Estimate: $1.24 -Revenue (Q1): $4.79 Bln vs. $4.54 Bln last year.