CarMax (NYSE:KMX) announced that its profit in the fourth quarter increased by 7% to 41 cents per share, up from $88.8 million, or 39 cents per share in the same period a year ago. Revenue increased by 10% to $2.48 billion. Analysts had expected earnings of 40 cents per share on revenue of $2.42 billion.
Rival AutoNation (NYSE:AN) said on Tuesday that sales of new cars and trucks increased by 15% in March versus a year ago due to strong demand for domestic and foreign autos.
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