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CarMax Remains Firmly Positive On Better Than Expected Q3 Earnings

(RTTNews.com) - After moving notably higher earlier in the session, shares of CarMax, Inc. ( KMX ) remain firmly in positive territory in afternoon trading on Friday. CarMax is currently up by 4.9 percent, bouncing off its lowest closing level in well over a year.

The advance by CarMax comes after the auto retailer reported fiscal third quarter earnings that exceeded analyst estimates.

CarMax reported third quarter earnings of $1.09 per share compared to analyst estimates for $1 per share, although its revenues of $4.30 billion came in slightly below expectations for $4.32 billion.

Read the original article on RTTNews (http://www.rttnews.com/2965068/carmax-remains-firmly-positive-on-better-than-expected-q3-earnings.aspx)

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