
© Reuters.
(Reuters) – Used-car retailer CarMax Inc (NYSE:) reported a 138% rise in first-quarter revenue on Friday, as more people opted for personal vehicles over public transport due to the COVID-19 pandemic.
Net income rose to $436.8 million, or $2.63 per share, in the quarter ended May 31, from $4.98 million, or 3 cents per share, a year ago.
Total revenue rose to $7.70 billion from $3.23 billion.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.