(Boursier.com) — CarMax , the American retailer of used vehicles, announced for its first fiscal quarter profits in decline, but above market expectations. Revenues rose above expectations, as vehicle prices rose. Net profit for this quarter ended at the end of May 2022 represented $252 million and $1.56 per share, compared to $437 million a year earlier. The FactSet consensus was at $1.49 EPS. Revenues rose by almost 14% year-on-year and excluding wholesale sales (+21% in consolidated data) to reach $9.31 billion, while the FactSet consensus was $9.06 billion. dollars.
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