CarMax Profits Down For Quarter; Testing Home Delivery Service

9/22/16

By Tammie Smith, Richmond Times-Dispatch

Goochland County-based automobile retailer CarMax Inc. is testing a vehicle home delivery service, company CEO William D. Nash said during an earnings conference call Wednesday.

The company reported net earnings of $162.4 million for the fiscal second quarter, which ended Aug. 31.

The results were down 5.7 percent compared with $172.2 million for the same period last year.

However, net earnings of 84 cents per share were up from 82 cents per share for the same quarter last year, an increase of 2.4 percent.

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