CarMax Reports Great Quarterly Numbers

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Seeking Alpha - April 11, 2013

Car­Max report­ed great results for its fis­cal year 2013 fourth quar­ter. Rev­enue surged 14% year-over-year to $2.8 bil­lion, eas­i­ly exceed­ing con­sen­sus esti­mates. Earn­ings per share rose 12% year-over-year to $0.46, in line with con­sen­sus expec­ta­tions. Aver­age sales prices increased 4% year-over-year to $19,287, ben­e­fit­ing from increased mar­ket share in the 0–6 year old car mar­ket as well as con­strained used vehi­cle sup­ply.

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