CarMax Posts Strong Sales Growth Through Early March
CarMax (NYSE: KMX) enjoyed solid business momentum right before the COVID-19 paused most retailing traffic in mid-March.
The used-auto retailer said on Thursday that revenue jumped 11% thanks to a 15% spike in volume. Both figures represented improvements on the prior quarter's metrics and contributed to record fourth-quarter results. CarMax's profitability held steady too, as it booked $2,200 of profit per sale. "We are very pleased to report record used vehicle sales and earnings per share for both our fourth quarter and the full year," CEO Bill Nash said in a press release.
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Source Fool.com
