CarMax Q3 Earnings & Revenues Beat Estimates, Rise Y/Y

CarMax Inc. (KMX – Analyst Report) posted earnings per share of 60 cents in the third quarter of fiscal 2015, ended Nov 30, 2014, highlighting an increase of 27.7% from 47 cents a year ago. Earnings also surpassed the Zacks Consensus Estimate of 54 cents. The company recorded better results in the reported quarter due to strong performance in used, wholesale and CarMax Auto finance (CAF) operations, together with the increase in its store base and the ongoing share repurchase program.