CarMax: Fiscal Q2 Earnings Snapshot

RICHMOND, Va. (AP) — RICHMOND, Va. (AP) — CarMax Inc. (KMX) on Tuesday reported fiscal second-quarter earnings of $165.3 million.

The Richmond, Virginia-based company said it had net income of $1.16 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.

The used car dealership chain posted revenue of $7.88 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $7.06 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KMX at https://www.zacks.com/ap/KMX