CarMax Reports Q4 EPS of $0.39 vs. $0.38; Revenues $2.25B vs. $2.17B

CarMax, Inc. KMX today reported record results for the fourth quarter and fiscal year ended February 28, 2011. Net sales and operating revenues increased 23% to $2.25 billion from $1.83 billion in the fourth quarter of last year. For the fiscal year, net sales and operating revenues increased 20% to $8.98 billion from $7.47 billion in fiscal 2010. Comparable store used unit sales increased 12% for the fourth quarter and 10% for the fiscal year. Total used unit sales rose 14% in the fourth quarter and 11% in the fiscal year. For the fourth quarter, net earnings increased 19% to $89.5 million, or $0.39 per diluted share, in fiscal 2011 compared with $75.4 million, or $0.33 per diluted share, in fiscal 2010.