(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.
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