© 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.

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