CarMax, Inc. KMX today reported results for the third quarter ended November 30, 2010.
Net sales and operating revenues increased 23% to $2.12 billion from $1.73 billion in the third quarter of last year. Comparable store used unit sales increased 16% for the quarter.
Total used unit sales rose 18% in the third quarter. Net income increased to $82.4 million, or $0.36 per diluted share, compared with $74.6 million, or $0.33 per diluted share, earned in the third quarter of fiscal 2010.
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